Economics

Housing Starts Rise in August Amid Ongoing Affordability Concerns

Filed in Economics, Home Building, Multifamily by on September 19, 2018 0 Comments
Housing Starts Rise in August Amid Ongoing Affordability Concerns

Total housing starts increased 9.2% in August to a seasonally adjusted annual rate of 1.28 million units, according to newly released data from HUD and the Commerce Department.

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Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion

Filed in Economics, Trade by on September 18, 2018 2 Comments
Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion

President Trump’s decision yesterday to escalate the trade conflict with China could wind up imposing a $2.5 billion tax increase on residential construction at time when builders are already grappling with higher housing costs.

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Builder Confidence Remains Firm in September

Filed in Economics by on September 18, 2018 0 Comments
Builder Confidence Remains Firm in September

Builder confidence in the market for newly built single-family homes remained unchanged at a solid 67 reading in September on the NAHB/Wells Fargo Housing Market Index.

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Shortage of Rough Carpenters Climbs to Record High

Filed in Economics, Labor, Safety and Health by on September 17, 2018 16 Comments
Shortage of Rough Carpenters Climbs to Record High

Widespread shortages continue to restrain the pace of construction, further driving up construction costs, which largely — for the moment — are being absorbed by the home buyer.

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More Builders’ Profits Taking a Hit from Labor Shortages

More Builders’ Profits Taking a Hit from Labor Shortages

While the increasing cost of labor is resulting in higher home prices for buyers, a growing number of builders are also feeling the pinch.

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NAHB Responds to Trump Tariff Threat

Filed in Economics, Trade by on September 7, 2018 0 Comments
NAHB Responds to Trump Tariff Threat

NAHB urged caution after President Trump today threatened to impose tariffs on $267 billion worth of Chinese imports that would be in addition $200 billion in duties on Chinese goods that the administration is already considering.

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Flat Conditions for Some Housing Sectors, but Not All

Filed in Economics by on August 31, 2018 0 Comments
Flat Conditions for Some Housing Sectors, but Not All

Market demand remains healthy, with starts up more than 6% thus far in 2018 on a year-to-date basis. And this positive trend is expected to continue.

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New Home Sales Edge Down 1.7% in July

Filed in Economics by on August 23, 2018 2 Comments
New Home Sales Edge Down 1.7% in July

Sales of newly built, single-family homes inched down 1.7% in July to a seasonally adjusted annual rate of 627,000 units after an upwardly revised June report, according to newly released data by HUD and the U.S. Census Bureau. On a year-to-date basis, sales are up 7.2% from this time last year.

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NAHB Economists Forecast Challenges, Opportunities Ahead

Filed in Economics by on August 22, 2018 2 Comments
NAHB Economists Forecast Challenges, Opportunities Ahead

The nation’s economy has enjoyed one of the longest stretches of continued GDP growth in history. But the level of economic acceleration might soon begin to ease.

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Most U.S. Homes Built Before the Reagan Administration

Filed in Economics, Home Building by on August 17, 2018 1 Comment
Most U.S. Homes Built Before the Reagan Administration

As the median age of Americans continues to rise, so too does the age of the nation’s housing stock. Census data reveal the median age of owner-occupied housing has increased to 37 years old.

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