Economics

Builders Say Lumber Tops Labor as Biggest Challenge

Filed in Business Management, Economics by on May 25, 2018 0 Comments
Builders Say Lumber Tops Labor as Biggest Challenge

In his bi-weekly overview of the housing market, NAHB’s chief economist describes the most serious headwind facing housing markets today: the escalation of framing lumber prices — up 59% since the start of 2017.

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Multifamily Builders and Developers Remain Positive as Demand Continues

Filed in Economics, Multifamily by on May 24, 2018 0 Comments
Multifamily Builders and Developers Remain Positive as Demand Continues

Confidence in the multifamily housing market remained positive in the first quarter of 2018, according to the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI) released today by NAHB. The MPI remained unchanged from last quarter, coming in at a reading of 53, while the MVI remained essentially unchanged at 42.

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Rising Prices of Lumber and Steel a ‘Terrible Downward Spiral’

Filed in Codes and Regulations, Economics by on May 17, 2018 0 Comments
Rising Prices of Lumber and Steel a ‘Terrible Downward Spiral’

Hefty tariffs on Canadian softwood lumber imports are causing lumber prices to skyrocket and making many home builders pray for a prolonged price plateau. Will it be long before more builders start using alternative materials such as steel?

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Housing Production Drops 3.7%, Remains Near Post-Recession High

Filed in Economics, Home Building, Multifamily by on May 16, 2018 0 Comments
Housing Production Drops 3.7%, Remains Near Post-Recession High

Total housing production fell 3.7% in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million, according to newly released data from HUD and the Commerce Department. The March report marked an 11-year high for housing production.

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Largest Share of NAHB Associate Members: Subcontractors and Specialty Contractors

Filed in Economics, Membership by on May 15, 2018 0 Comments
Largest Share of NAHB Associate Members: Subcontractors and Specialty Contractors

Constructing a new home – from developing the lot to handing the keys over to the buyer – is a complex process involving numerous specialists in a wide range of fields. That complexity is reflected in the number and variety of professions represented among the ranks of NAHB’s Associate members, who account for roughly two-thirds of total membership.

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Builder Confidence Climbs to 70 in May

Filed in Economics, Home Building by on May 15, 2018 0 Comments
Builder Confidence Climbs to 70 in May

Builder confidence in the market for newly built single-family homes rose two points to 70 in May after a downwardly revised April reading on the NAHB/Wells Fargo Housing Market Index (HMI). This is the fourth time the HMI has reached 70 or higher this year.

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Rising Incomes Boost Housing Affordability in 1st Quarter

Filed in Economics by on May 10, 2018 1 Comment
Rising Incomes Boost Housing Affordability in 1st Quarter

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index released today. Youngstown-Warren-Boardman, Ohio-Pa., was the nation’s most affordable major housing market. There, 90.9% of all new and existing homes sold were affordable to families earning the area’s median income of $60,100.

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‘Workforce Housing’ Projects Help Ease Affordability Concerns

Filed in Economics, Multifamily by on May 9, 2018 0 Comments
‘Workforce Housing’ Projects Help Ease Affordability Concerns

Nowhere in the United States can a person working a full-time minimum wage job afford to rent a market-rate two-bedroom apartment. One solution is to increase the amount of what many refer to as “workforce housing.”

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NAHB Joins Leading Economists Warning that Tariffs Threaten an Economic Downturn

Filed in Codes and Regulations, Economics by on May 3, 2018 8 Comments
NAHB Joins Leading Economists Warning that Tariffs Threaten an Economic Downturn

NAHB Chief Economist Robert Dietz joined several other prominent economists at a forum at the National Press Club in Washington today to warn that a trade policy based on tariffs is harmful to growth and prosperity.

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Builder Confidence in the 55+ Housing Market Still Healthy

Filed in 55+ Housing, Economics by on May 3, 2018 0 Comments
Builder Confidence in the 55+ Housing Market Still Healthy

Builder confidence in the single-family 55+ housing market dropped five points to 66 in the first quarter of 2018, according to the NAHB 55+ Housing Market Index released today. The decline came off an all-time high reading of 71 in the fourth quarter of 2017.

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