Economics

Big Builders Continue to Gain Market Share

Filed in Economics by on October 15, 2019 0 Comments
Big Builders Continue to Gain Market Share

The top 20 builders produced 29% of all the homes constructed in the country in 2018, according to data from BUILDER magazine. That share is a notable gain from 2017, when the largest 20 builders were responsible for 26.8% of all completions.

Continue Reading »

Highest Paid Construction Trade Occupations in 2018

Filed in Economics, Housing Trends by on October 14, 2019 2 Comments
Highest Paid Construction Trade Occupations in 2018

Half of payroll workers in construction earned more than $47,290 in 2018. In comparison, the U.S. median wage last year was $38,640.

Continue Reading »

Younger Generations Seek Larger Homes

Filed in Economics, Housing Trends by on October 9, 2019 0 Comments
Younger Generations Seek Larger Homes

The median square footage millennials (those born in 1980 or after) want in a home is 2,407 square feet, slightly higher than the Gen X generation (2,280 sq. ft.), and significantly more than baby boomers (1,913 sq. ft.) and seniors (1,869 sq. ft.).

Continue Reading »

Fireplaces are Not a Hot Household Item

Filed in Economics, Housing Trends by on September 26, 2019 2 Comments
Fireplaces are Not a Hot Household Item

Spurred in part by affordability concerns, more consumers are turning a cold shoulder to fireplaces in their homes, according to NAHB tabulation of recently released data from the Survey of Construction, which is produced by the U.S. Census Bureau with partial funding from HUD.

Continue Reading »

New Home Sales Post Solid Gains in August

Filed in Economics by on September 25, 2019 0 Comments
New Home Sales Post Solid Gains in August

Sales of newly built, single-family homes increased 7.1% to a seasonally adjusted annual rate of 713,000 units in August off a revised upward reading in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Continue Reading »

Housing Starts Post Healthy Gains in August

Filed in Economics, Multifamily by on September 18, 2019 0 Comments
Housing Starts Post Healthy Gains in August

Led by a surge in multifamily production, total housing starts rose 12.3% in August to a seasonally adjusted annual rate of 1.36 million units from an upwardly revised reading in July, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest level since May 2007.

Continue Reading »

Builder Confidence Hits Yearly High in September

Filed in Economics by on September 17, 2019 0 Comments
Builder Confidence Hits Yearly High in September

Builder confidence in the market for newly-built single-family homes rose one point to 68 in September from an upwardly revised August reading of 67, according to the latest NAHB/Wells Fargo Housing Market Index released today.

Continue Reading »

Big Gap Between Home Prices and Buyers’ Expectations

Filed in Affordability, Economics, Homeownership, Housing Trends by on September 13, 2019 0 Comments
Big Gap Between Home Prices and Buyers’ Expectations

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development, combined with recent NAHB survey data, show a mismatch between the actual prices of new homes and the prices buyers expect to pay.

Continue Reading »

4 High-Performance Building Tips for Builders

Filed in Economics, Sustainability & Green Building by on September 5, 2019 0 Comments
4 High-Performance Building Tips for Builders

The Southeast Building Conference, hosted by the Florida Home Builders Association, is the largest building industry trade show in the southeast. Several education sessions focused on high-performance building, including these four important takeaways.

Continue Reading »

NAHB Podcast: Everything’s Under Control – Rents, Housing Finance & the Economy

Filed in Codes and Regulations, Economics by on September 5, 2019 0 Comments
NAHB Podcast: Everything’s Under Control – Rents, Housing Finance & the Economy

After a summer hiatus, co-hosts NAHB CEO Jerry Howard and Chief Lobbyist Jim Tobin return to discuss all things economics on Housing Developments, the NAHB podcast.

Continue Reading »