Economics

Multifamily Housing Production to Start Leveling Off

Filed in Economics, Multifamily by on February 20, 2019 0 Comments
Multifamily Housing Production to Start Leveling Off

While multifamily housing starts in 2018 came very close to the sector’s 2015 peak, production levels are expected to moderate somewhat in 2019 and will stabilize in a range that that is considered normal, according to NAHB analysis at a press conference today during the NAHB International Builders’ Show in Las Vegas.

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Residential Remodeling Spending Continues to Gradually Grow

Filed in Economics, Remodelers by on February 20, 2019 0 Comments
Residential Remodeling Spending Continues to Gradually Grow

Spending on residential improvements will continue to grow over the next two years at a gradual pace, according to experts at a press conference hosted by the NAHB Remodelers during the International Builders’ Show in Las Vegas. Professional remodelers from across the country agreed with the forecast, citing increased consumer confidence and demand.

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Headwinds Will Limit Single-Family Gains in 2019

Filed in Economics by on February 19, 2019 0 Comments
Headwinds Will Limit Single-Family Gains in 2019

Mounting housing affordability concerns coupled with supply-side constraints will limit single-family output to modest gains in 2019, according to economists speaking at the International Builders’ Show in Las Vegas today.

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Lower Interest Rates, Rising Consumer Confidence Boost Builder Sentiment

Filed in Economics by on February 19, 2019 0 Comments
Lower Interest Rates, Rising Consumer Confidence Boost Builder Sentiment

Builder confidence in the market for newly-built single-family homes rose four points to 62 in February, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today in Las Vegas during the 75th annual International Builders’ Show.

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Home Prices are the Principal Barrier to Homeownership

Filed in Economics, Housing Trends by on February 18, 2019 0 Comments
Home Prices are the Principal Barrier to Homeownership

A recent Eye on Housing blog post revealed that 58% of buyers actively searching for a home to buy in the fourth quarter of 2018 have been looking unsuccessfully for at least three months. Find out why it is it taking these buyers so long to pull the trigger.

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How Affordable are Homes in Your Area?

Filed in Economics, Homeownership by on February 15, 2019 0 Comments
How Affordable are Homes in Your Area?

A new feature of the NAHB Housing Portal — a free, interactive, online resource filled with information about the impact of housing — helps illustrate the severity of declining affordability at the national, state and local levels.

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Housing Affordability Holds Steady at a 10-Year Low in the 4th Quarter

Filed in Economics by on February 14, 2019 3 Comments
Housing Affordability Holds Steady at a 10-Year Low in the 4th Quarter

A modest increase in interest rates offset a slight decline in home prices to keep housing affordability essentially level in the fourth quarter of 2018 and still hovering at a 10-year low, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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Housing Affordability is an Issue for All Age Groups

Filed in Economics, Housing Trends by on February 11, 2019 8 Comments
Housing Affordability is an Issue for All Age Groups

NAHB’s latest quarterly Housing Trends Report shows that prospective home buyers in all age categories are wrestling with affordability issues.

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More Buyers Report It’s Harder to Find a Home

Filed in Economics, Housing Trends by on February 8, 2019 1 Comment
More Buyers Report It’s Harder to Find a Home

The percentage of prospective home buyers reporting that their house search was getting harder or not improving rose from 65% at the end of the fourth quarter of 2017 to 72% in the final quarter of 2018, according to NAHB’s latest Housing Trends Report.

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Nearly 24,000 Residential Construction Jobs Added in January

Filed in Economics, Labor, Safety and Health by on February 5, 2019 2 Comments
Nearly 24,000 Residential Construction Jobs Added in January

Last month, residential construction saw the greatest gain in employment since February 2018, following strong growth in December.

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