Economics

Housing Starts Fall 12.3% As Tariffs Draw Increased Concern

Filed in Economics, Home Building, Multifamily by on July 18, 2018 0 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 0 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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More Ways to Discover Affordable Housing Development Opportunities

More Ways to Discover Affordable Housing Development Opportunities

NAHB has added six new cities to its exclusive series of maps detailing metro areas where the Low Income Housing Tax Credit (LIHTC) is used to develop new affordable homes. Members can use these maps to better understand the distribution of LIHTC housing in select metropolitan areas and identify where additional housing may be needed.

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New Home Sales Rise to Highest Level This Year

Filed in Economics by on June 25, 2018 0 Comments
New Home Sales Rise to Highest Level This Year

Sales of newly built, single-family homes rose 6.7% in May to a seasonally adjusted annual rate of 689,000 units after a downwardly revised April report, according to newly released data by HUD and the U.S. Census Bureau. This is the second-highest sales report since the Great Recession.

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Expiring Provisions of the Tax Cuts and Jobs Act

Filed in Economics, tax reform toolkit by on June 21, 2018 0 Comments
Expiring Provisions of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (TCJA), signed into law at the end of 2017 by President Trump, added 52 temporary provisions to the tax code that will expire between this year and 2027. Nearly half of these expiring tax provisions will lapse at the end of 2025, many of which are of most interest to […]

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Builder Confidence Slips Two Points as Lumber Prices Soar

Filed in Economics by on June 18, 2018 4 Comments
Builder Confidence Slips Two Points as Lumber Prices Soar

Builder confidence in the market for newly built single-family homes fell two points to 68 in June on the NAHB/Wells Fargo Housing Market Index. The decline was due in large part to sharply elevated lumber prices, although sentiment remains on solid footing.

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Nearly One-Third of Multifamily Development Costs Stem From Regulations

Nearly One-Third of Multifamily Development Costs Stem From Regulations

Regulation imposed by all levels of government accounts for an average of more than 32% of multifamily development costs, according to new research released today by NAHB and the National Multifamily Housing Council.

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NAHB Seeks Safe Harbor for Quarterly Filers

Filed in Economics by on June 8, 2018 0 Comments
NAHB Seeks Safe Harbor for Quarterly Filers

NAHB has called on the Internal Revenue Service to provide a safe harbor for anxious home builders and other small business that pay estimated quarterly taxes but don’t yet know how recent tax reform legislation will be implemented – and thus may underpay.

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