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Builder Confidence Surges in June as Housing Rebound is Underway  

Filed in Economics by on June 16, 2020 309 Comments
Builder Confidence Surges in June as Housing Rebound is Underway   

In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Any reading above 50 indicates a positive market.

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U.S. Posts Surprise Job Gains as Unemployment Falls to 13.3% in May

Filed in Construction Industry, Economics by on June 5, 2020 0 Comments
U.S. Posts Surprise Job Gains as Unemployment Falls to 13.3% in May

In a strong signal that the economy may be rebounding from the COVID-19 pandemic, the U.S. unemployment rate posted a surprise decline from 14.7% in April to 13.3% in May as total payroll employment increased by 2.5 million.

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2020 Virtual Legislative Conference Set for June 22-24

Filed in Advocacy by on June 5, 2020 0 Comments
2020 Virtual Legislative Conference Set for June 22-24

With the housing industry and economy facing unprecedented challenges because of the COVID-19 pandemic, this year’s Legislative Conference takes on added importance as it moves from in-person meetings to a special three-day virtual event running from June 22-24.

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Video: Home Builder Shares His New Business Strategies with NAHB Chairman

Filed in Membership by on June 4, 2020 0 Comments
Video: Home Builder Shares His New Business Strategies with NAHB Chairman

In this month’s Chairman’s Update, NAHB Chairman Dean Mon talks with custom home builder Stephen Carson of CarsonSpeer Builders in South Carolina. Carson has leveraged online business practices to not only survive, but thrive during the coronavirus pandemic.

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Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

Filed in Disaster Response, Economics, Housing Trends by on June 2, 2020 1 Comment
Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

The COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation – residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas. Multifamily development is also proceeding at a brisk pace in areas where education and health services dominate. These are among the findings of the latest quarterly NAHB Home Building Geography Index (HBGI).

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Housing Stands Poised to Lead a Recovery

Filed in Disaster Response, Economics by on May 29, 2020 2 Comments
Housing Stands Poised to Lead a Recovery

With one major exception, this week’s housing data showed some signs of stabilization after an effective two-month pause for major portions of the U.S. economy. While most indicators are down year-over-year, there are hints of a rebound in the data, provided businesses can continue to reopen as the virus slows its growth.

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HBI Continues to Support Online Learning Initiatives

HBI Continues to Support Online Learning Initiatives

To support online learning during this time, HBI is offering a promotion to the first 25 organizations that sign or renew a Pre-Apprenticeship Certification Training (PACT) license. In addition, HBI’s free online learning tool, CTEtechWorks, has been extended to June 30.

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In a Positive Sign, New Home Sales Hold Steady in April

Filed in Economics by on May 26, 2020 2 Comments
In a Positive Sign, New Home Sales Hold Steady in April

In a sign that the housing market is stabilizing in the wake of the COVID-19 pandemic, sales of newly built, single-family homes rose 0.6% to a seasonally adjusted annual rate of 623,000 units in April, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Housing Data Hint at Potential for Economic Recovery

Filed in Construction Industry, Economics, Multifamily by on May 22, 2020 0 Comments
Housing Data Hint at Potential for Economic Recovery

NAHB Chief Economist Robert Dietz looks at the economic data that came out during the week of May 18 and examines how that is effecting the housing market. Despite the weak numbers, Dietz states that the notable resiliency of housing demand amid historic job losses is an indicator of the potential of the housing sector to help the lead the economy in an eventual rebound.

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Pandemic Concerns Weaken Multifamily Builder and Developer Confidence

Filed in Economics, Multifamily by on May 21, 2020 0 Comments
Pandemic Concerns Weaken Multifamily Builder and Developer Confidence

Confidence in the market for new multifamily housing weakened significantly in the first quarter of 2020, according to results from the Multifamily Market Survey (MMS) released today by NAHB.

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