Economics

New Home Sales Fall 3.4% in August

Filed in Economics, Uncategorized by on September 26, 2017 0 Comments
New Home Sales Fall 3.4% in August

This was the lowest sales reading since December 2016. However, year-to-date, new home sales are 7.5% above their level over the same period last year.

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Housing Production Holds Steady in August

Filed in Economics by on September 19, 2017 0 Comments
Housing Production Holds Steady in August

Single-family production rose 1.6% in August to a seasonally adjusted annual rate of 851,000 after a downwardly revised July reading. Year-to-date, single-family starts are 8.9% above their level over the same period last year. Multifamily starts dropped 6.5% to 329,000 units after an upward July revision.

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Builder Confidence Drops as Hurricanes Add Uncertainty

Filed in Economics by on September 18, 2017 0 Comments
Builder Confidence Drops as Hurricanes Add Uncertainty

Builder confidence in the market for newly-built single-family homes fell three points to 64 in September, down from August’s revised reading of 67 on the NAHB/Wells Fargo Housing Market Index.

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Drywall Prices Expected to Rise

Filed in Disaster Response, Economics by on September 15, 2017 0 Comments
Drywall Prices Expected to Rise

While most building materials prices will likely increase in the wake of hurricanes Harvey and Irma, the price for gypsum might be the first to ascend as a result of the storms.

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NAHB Members Testify before the U.S. Int’l Trade Commission on Softwood Lumber

Filed in Construction Industry, Economics by on September 13, 2017 0 Comments
NAHB Members Testify before the U.S. Int’l Trade Commission on Softwood Lumber

Two NAHB members testified before the U.S. International Trade Commission (ITC) on Sept. 12 as part of the ITC’s final hearing to determine whether U.S. lumber producers have been injured as a result of softwood lumber import from Canada

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Will Lumber Prices Surge in Hurricanes’ Wake?

Will Lumber Prices Surge in Hurricanes’ Wake?

It’s too early to tell exactly how much of an impact hurricanes Harvey and Irma will have on the prices for lumber and other building materials, especially as other factors such as wildfires and duties are still uncertain. But history suggests there will at least be a noticeable impact in the storm-affected regions.

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IRS Announces Tax Relief for Hurricane Harvey Victims

IRS Announces Tax Relief for Hurricane Harvey Victims

Much-needed tax relief will be available for individuals and businesses in the affected areas.

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Small Businesses See Big Savings With HRAs

Filed in Economics, Labor, Safety and Health by on August 31, 2017 0 Comments
Small Businesses See Big Savings With HRAs

“Affordable healthcare” is a bit of an oxymoron, and most small business owners will agree. As medical costs continually rise, employers who want to offer viable healthcare coverage options to their employees without breaking the bank need a sound strategy. NAHB played a critical role in bringing back one such cost-saving measure.

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New Single-Family Homes Getting Smaller

Filed in Economics by on August 25, 2017 1 Comment
New Single-Family Homes Getting Smaller

Bigger isn’t always better. In fact, when it comes to the average and median size of new homes, smaller homes could mean more sales.

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A Show of Unity on Canadian Lumber

Filed in Construction Industry, Economics by on August 24, 2017 3 Comments
A Show of Unity on Canadian Lumber

NAHB CEO Jerry Howard participated in a forum on Canadian softwood lumber this morning at the Canadian embassy in Washington that included Canadian Ambassador David MacNaughton and special softwood lumber envoys from the Canadian provinces.

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