Economics

Builder Confidence in the 55+ Housing Market At an All-Time High in Third Quarter

Filed in Economics by on October 29, 2020 0 Comments
Builder Confidence in the 55+ Housing Market At an All-Time High in Third Quarter

Builder confidence in the single-family 55+ housing market reached an all-time high in the third quarter, jumping 18 points to 83, according to the NAHB 55+ Housing Market Index (HMI) released today.

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Expectations for Housing Availability Improve

Filed in Economics, Trends by on October 27, 2020 1 Comment
Expectations for Housing Availability Improve

More than one-in-four prospective buyers (28%) in the third quarter of 2020 expect their search for a home to become easier in the months ahead, while 61% percent expect it will be harder or stay the same, according to the latest Housing Trends Report.

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New Inclusionary Zoning Tool Available for NAHB Members

Filed in Advocacy, Economics, Housing Affordability by on October 26, 2020 0 Comments
New Inclusionary Zoning Tool Available for NAHB Members

NAHB created the Inclusionary Zoning Calculator Tool to supplement conflicting policy studies with concrete data of how inclusionary zoning requirements impact development choices, including whether or not a developer proceeds on a project.

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September New Home Sales Pause Following Strong Summer Surge

Filed in Economics by on October 26, 2020 0 Comments
September New Home Sales Pause Following Strong Summer Surge

Sales of newly built, single-family homes in September fell 3.5% to 959,000 from a downwardly revised August number, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the monthly decline, the September rate is 32.1% higher than the September 2019 pace, and on a year-to-date basis, new home sales are up 16.9% in 2020.

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Home Buying Interest Increases Amid COVID-19

Filed in Disaster Response, Economics, Trends by on October 23, 2020 3 Comments
Home Buying Interest Increases Amid COVID-19

According to data from NAHB’s latest Housing Trends Report, in the third quarter of 2020, the share of Americans who are considering purchasing a home in the next 12 months increased one percentage point over last year — the first year-over-year gain in the three-year history of this series.

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Is Single-Family Built-for-Rent the Future of Rental Housing?

Filed in Economics, Multifamily, Trends by on October 22, 2020 2 Comments
Is Single-Family Built-for-Rent the Future of Rental Housing?

Although a small segment within the overall housing industry, single-family built-for-rent has growth opportunity in the wake of the COVID-19 pandemic as various demographics seek out lower-density areas and living spaces, while also providing the flexibility of renting.

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Single-Family Construction Continues Dramatic Climb

Filed in Economics by on October 20, 2020 3 Comments
Single-Family Construction Continues Dramatic Climb

Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Lot Values Down in 2019

Filed in Economics, Land Development, Trends by on October 19, 2020 0 Comments
Lot Values Down in 2019

Median single-family lot prices came down in 2019, breaking their relentless climb for the first time since 2013, according to NAHB’s analysis of the Census Bureau’s Survey of Construction data, The 2019 median lot price was $45,000, which amounts to a 9% decline since 2018, when half of the lots were selling at or above $49,500.

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Builder Confidence Continues Record Climb

Filed in Economics by on October 19, 2020 9 Comments
Builder Confidence Continues Record Climb

In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. These are the first two months the index has ever been above 80.

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Sales are Outpacing Starts by a Historic Margin

Filed in Economics by on October 16, 2020 0 Comments
Sales are Outpacing Starts by a Historic Margin

The home building industry has made a quick and dramatic comeback in the wake of the COVID-induced economic downturn. Housing demand has increased so rapidly in recent months that there is now an unprecedented gap between the number of new single-family home sales and the pace of construction starts.

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