Economics

Remodeling Confidence Remains Strong Despite 3-Point Slip

Filed in Economics, Remodelers by on April 19, 2018 0 Comments
Remodeling Confidence Remains Strong Despite 3-Point Slip

The NAHB Remodeling Market Index posted a reading of 57 in the first quarter of 2018, down three points from the previous quarter and back to the same level as the third quarter of 2017.

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Housing Starts Rise 1.9% on Multifamily Surge

Filed in Economics, Home Building, Multifamily by on April 17, 2018 0 Comments
Housing Starts Rise 1.9% on Multifamily Surge

Gains in multifamily production pushed overall housing starts up 1.9% in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from HUD and the Commerce Department.

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How to Make Sense of the Tax Law Changes

How to Make Sense of the Tax Law Changes

The Tax Reform Toolkit is a series of blog posts featured on Eye on Housing that are designed to help builders and remodelers make sense of the changes in tax law as a result of the legislation passed in December. So far, three articles have helped illustrate key points of the pass-through deductions.

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Drone Use Among Builders Continues its Ascent

Drone Use Among Builders Continues its Ascent

A recent NAHB survey discovered that the popularity of drones within the housing industry is not only growing — it’s skyrocketing.

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Trade Concerns Dampen Positive Housing Demand

Filed in Business Management, Economics by on April 16, 2018 0 Comments
Trade Concerns Dampen Positive Housing Demand

Worries over trade-related impacts on the U.S. economy have proliferated throughout the housing industry. Most notably, tariffs on Canadian softwood lumber have triggered significant jumps in lumber prices.

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Builder Confidence Slips a Point, Remains in Solid Territory

Filed in Economics, Home Building by on April 16, 2018 0 Comments
Builder Confidence Slips a Point, Remains in Solid Territory

Builder confidence in the market for newly built single-family homes edged down one point to 69 in April on the NAHB/Wells Fargo Housing Market Index but remains on firm ground. “Strong demand for housing is keeping builders optimistic about future market conditions,” said NAHB Chairman Randy Noel. “However, builders are facing supply-side constraints, such as a lack of buildable lots and increasing construction material costs. Tariffs placed on Canadian lumber and other imported products are pushing up prices and hurting housing affordability.”

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Construction Employment is Rising, but Not Fast Enough

Construction Employment is Rising, but Not Fast Enough

A recent comparison of employment data depicts a positive trend: The number of residential construction workers has steadily — though modestly — increased every year since 2011.

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Low Inventory Intensifies Housing Demand in 2018

Filed in Business Management, Economics by on March 29, 2018 0 Comments
Low Inventory Intensifies Housing Demand in 2018

A lack of existing home inventory continues to drive growth for residential construction and sustain strong home-builder confidence — now hovering near a two-decade high.

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Pass-Through Income: What if You Have More?

Filed in Economics, tax reform toolkit by on March 27, 2018 2 Comments
Pass-Through Income: What if You Have More?

When pass-through income exceeds certain levels, taxpayers must know three amounts before they can calculate their allowable deductions. This Tax Reform Toolkit post explains how it works.

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February New Home Sales Flat After Upward Revisions to Prior Months

Filed in Economics, Home Building by on March 23, 2018 6 Comments
February New Home Sales Flat After Upward Revisions to Prior Months

Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6% in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November reports, according to newly released data by the HUD and the U.S. Census Bureau.

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