Economics

Single-Family Starts Drop in November as Builders Face Affordability Concerns

Filed in Construction Industry, Economics by on December 18, 2018 0 Comments
Single-Family Starts Drop in November as Builders Face Affordability Concerns

Rising housing affordability issues continue to hinder single-family production even as total housing starts increased in November. According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, overall housing starts rose 3.2 percent in November to a seasonally adjusted annual rate of 1.26 million units from a downwardly revised October reading. Year-to-date, new housing starts are 5.1 percent above their level over the same period last year.

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Builder Confidence Drops Four Points Amid Concerns Over Housing Affordability

Filed in Economics by on December 17, 2018 0 Comments
Builder Confidence Drops Four Points Amid Concerns Over Housing Affordability

Although this is the lowest HMI reading since May 2015, builder sentiment remains in positive territory.

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Fed Hints at Wait-and-See Approach to 2019 Interest Rates

Filed in Economics by on December 14, 2018 0 Comments
Fed Hints at Wait-and-See Approach to 2019 Interest Rates

Federal Reserve officials recently signaled a more data-dependent approach to monetary policy in 2019. NAHB economists forecast a more dovish path for the federal funds rate than many others had predicted earlier this year.

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Active Buyers Taking Their Time to Search for the Right Home

Filed in Economics, Housing Trends by on December 13, 2018 0 Comments
Active Buyers Taking Their Time to Search for the Right Home

Active home buyers are taking their time to search for their dream home, according to the latest analysis from the Housing Trends Report, a research product created by the NAHB Economics team with the goal of measuring prospective home buyers’ perceptions about the availability and affordability of home for-sale in their markets.

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Most Americans Cite a Housing Affordability Crisis Nationwide and Close to Home

Filed in Economics, Home Building by on December 4, 2018 10 Comments
Most Americans Cite a Housing Affordability Crisis Nationwide and Close to Home

Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well, according to a new nationwide survey conducted on behalf of NAHB.

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30-Year Mortgage Rate Maintains Steady Climb

Filed in Economics by on December 3, 2018 0 Comments
30-Year Mortgage Rate Maintains Steady Climb

Mortgage rates continue to increase after a slight slowdown in the summer months, according to information compiled by Freddie Mac.

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New Home Sales Drop in October as Affordability Challenges Persist

Filed in Economics, Home Building by on November 28, 2018 1 Comment
New Home Sales Drop in October as Affordability Challenges Persist

Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 544,000 units in October after an upwardly revised September report, 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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Entry-Level Homes Push Down New Home Size

Filed in Economics, Home Building, Housing Trends by on November 27, 2018 3 Comments
Entry-Level Homes Push Down New Home Size

The size of new single-family homes once again decreased during the third quarter of 2018. New home size has been falling over the last three years as builders add more entry-level home construction into inventory.

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What’s the Average Number of Bathrooms in New Homes?

Filed in Economics, Housing Trends by on November 20, 2018 0 Comments
What’s the Average Number of Bathrooms in New Homes?

When it comes to new-home construction, a two-bath house is by far the most prevalent, according to the U.S. Census Bureau’s latest Survey of Construction report.

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Single-Family Starts Post Slight Decline as Builders Grapple with Affordability Issues

Filed in Economics, Home Building, Multifamily by on November 20, 2018 2 Comments
Single-Family Starts Post Slight Decline as Builders Grapple with Affordability Issues

Rising housing affordability concerns continue to weigh on single-family production even as total housing starts edged higher in October. According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, total housing starts rose 1.5 percent in October to a seasonally adjusted annual rate of 1.23 million units from an upwardly revised September reading.

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