Economics

Multifamily Housing Production Enters Sustainable Phase

Filed in Economics, International Builders' Show, Multifamily by on January 10, 2018 0 Comments
Multifamily Housing Production Enters Sustainable Phase

Although multifamily housing starts are expected to slightly moderate this year and in 2019, production levels are projected to remain stable in a range considered normal, according to experts participating in a press conference today during the International Builders’ Show in Orlando.

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Residential Remodeling Spending Trends Upward

Residential Remodeling Spending Trends Upward

NAHB predicts continued growth for remodeling, largely due to below-normal rates of home building that has gradually led to an aging housing stock.

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Economic Panel Predicts Housing Will Gain Ground in 2018

Filed in Economics by on January 9, 2018 0 Comments
Economic Panel Predicts Housing Will Gain Ground in 2018

Insights focused on the positive impacts of the newly enacted tax law and the direction of the housing industry in the months ahead.

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Builders Start 2018 Filled with Optimism Despite Challenges

Filed in Economics by on January 5, 2018 1 Comment
Builders Start 2018 Filled with Optimism Despite Challenges

Persistent headwinds from 2017 have carried over into the new year. But from a national perspective, single-family construction will continue to expand.

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Softwood Lumber Outlook for 2018 Shaped by Wildfires, Tariffs

Filed in Business Management, Economics by on January 4, 2018 2 Comments
Softwood Lumber Outlook for 2018 Shaped by Wildfires, Tariffs

Prices closed out 2017 at or near record highs in most areas of the country, making the average price for the year the highest in the last 20 years. What’s in store for 2018 is likely more of the same.

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New Home Sales Hit Post-Recession High in November

Filed in Economics, Home Building by on December 22, 2017 0 Comments
New Home Sales Hit Post-Recession High in November

Sales of newly built single-family homes in November rose 17.5% to a seasonally adjusted annual rate of 733,000 units from a downwardly revised October reading, according to newly released data from HUD and the U.S. Census Bureau. This is the highest sales pace since July 2007.

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Single-Family Starts Rise in Line with Builder Confidence

Filed in Economics, Home Building, Multifamily by on December 19, 2017 0 Comments
Single-Family Starts Rise in Line with Builder Confidence

Nationwide housing starts rose 3.3% in November to a seasonally adjusted annual rate — and post-recession high — of 1.297 million units after a downwardly revised October reading, according to newly released data from HUD and the Commerce Department.

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Builder Confidence Ends 2017 on a High Note

Filed in Economics, Home Building by on December 18, 2017 0 Comments
Builder Confidence Ends 2017 on a High Note

Builder confidence in the market for newly built single-family homes increased five points to 74 in December on the NAHB/Wells Fargo Housing Market Index after a downwardly revised November reading. This was the highest report since July 1999, over 18 years ago.

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2018 Could Bring More of the Same: Tight Labor and Costly Materials

Filed in Economics by on December 14, 2017 0 Comments
2018 Could Bring More of the Same: Tight Labor and Costly Materials

NAHB Chief Economist Robert Dietz provides a brief summary of the challenges builders faced in 2017, and describes the impacts of hefty tariffs on Canadian softwood lumber.

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How Construction Costs, Lot Prices Impacted Sales in 2017

Filed in Economics, Home Building by on December 11, 2017 1 Comment
How Construction Costs, Lot Prices Impacted Sales in 2017

According to a recent NAHB survey of home builders, construction costs account for 55.6% of the final sales price of the average new home.

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