Economics

Housing Affordability Hits 10-Year Low in 2nd Quarter

Filed in Economics by on August 9, 2018 0 Comments
Housing Affordability Hits 10-Year Low in 2nd Quarter

Only 57.1% of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S. median income of $71,900. Housing affordability is at its lowest reading since mid-2008.

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West Leads Permits Growth; Northeast, Midwest See Declines

Filed in Economics by on August 6, 2018 2 Comments
West Leads Permits Growth; Northeast, Midwest See Declines

The number of single-family permits issued in the first six months of 2018 was 444,600, a 6.3% increase over where the nation was at the end of June 2017, when permits totaled 418,128.

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Supply Constraints Hinder Sales and Affordability

Filed in Business Management, Economics by on August 3, 2018 4 Comments
Supply Constraints Hinder Sales and Affordability

A dearth of inventory has resulted in price growth, making prospective home buyers more cautious about a potential purchase.

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55+ Housing Market Shows Continued Strength in 2nd Quarter

Filed in Councils & Committees, Economics by on August 2, 2018 0 Comments
55+ Housing Market Shows Continued Strength in 2nd Quarter

Builder confidence in the single-family 55+ housing market continued to be in positive territory in the second quarter of 2018, according to the NAHB 55+ Housing Market Index released today. The index increased one point to 67.

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A Looming $1 Billion Tax on Housing

Filed in Economics by on July 27, 2018 41 Comments
A Looming $1 Billion Tax on Housing

President Trump’s plans to propose 10% tariffs on $200 billion worth of Chinese imports — including nearly 500 products used in residential construction — could have major ramifications for the housing industry.

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Remodeling Confidence Increases Despite Rising Costs

Filed in Economics, Remodelers by on July 19, 2018 0 Comments
Remodeling Confidence Increases Despite Rising Costs

The NAHB Remodeling Market Index posted a reading of 58 in the second quarter of 2018, up one point from the previous quarter.

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Housing Starts Fall 12.3% As Tariffs Draw Increased Concern

Filed in Economics, Home Building, Multifamily by on July 18, 2018 2 Comments
Housing Starts Fall 12.3% As Tariffs Draw Increased Concern

Total housing starts fell 12.3% in June to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from HUD and the Commerce Department.

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Builder Confidence Stays at Healthy Level in July

Filed in Economics, Home Building by on July 17, 2018 0 Comments
Builder Confidence Stays at Healthy Level in July

Builder confidence in the market for newly built single-family homes remained unchanged at a solid 68 reading in July on the NAHB/Wells Fargo Housing Market Index.

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Single-Family Production Will Continue to Gain Ground in 2019

Filed in Economics by on July 16, 2018 1 Comment
Single-Family Production Will Continue to Gain Ground in 2019

Speaking before the National Association of Counties Annual Conference & Exposition in Nashville on July 15, NAHB Chief Economist Robert Dietz said that the housing recovery will continue to move forward but that builders continue to face persistent supply-side headwinds.

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2.4 Million Millennial-led Households are Missing

Filed in Economics by on July 13, 2018 5 Comments
2.4 Million Millennial-led Households are Missing

Just 40% of young adults led their own household in 2016, and that number has been dropping steadily since 2000 (46%). While all age groups recorded continuous declines of headship rates between 2000 and 2016, none saw a faster drop than the 25-to-34 year olds.

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