Economics

New Home Sales Slip in April

Filed in Economics by on May 23, 2017 0 Comments
New Home Sales Slip in April

After a strong start to the year, sales of newly built, single-family homes dropped for the first time in 2017, falling 11.4%. Sales numbers for the first three months of the year were all upwardly revised, and the March sales pace was the highest since October 2007.

Continue Reading »

Slow but Steady Growth for Housing

Filed in Economics by on May 19, 2017 0 Comments
Slow but Steady Growth for Housing

NAHB Chief Economist Robert Dietz provides a brief overview of the housing market in the latest issue of Eye on the Economy.

Continue Reading »

Multifamily Drop Brings Production Down 2.6% in April

Filed in Economics, Home Building, Multifamily by on May 16, 2017 0 Comments

Led by a decline in multifamily production, nationwide housing starts fell 2.6% in April to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from HUD and the Department of Commerce.

Continue Reading »

Builder Confidence Continues Climb

Filed in Economics, Home Building by on May 15, 2017 0 Comments
Builder Confidence Continues Climb

In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to 70 on the NAHB/Wells Fargo Housing Market Index. This is the second-highest reading since the downturn.

Continue Reading »

Housing Affordability Sees Slight 1st-Quarter Uptick

Filed in Economics by on May 11, 2017 0 Comments

Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

Continue Reading »

Tight Inventory, Rising Costs Shape Building Industry

Filed in Construction Industry, Economics by on May 5, 2017 0 Comments
Tight Inventory, Rising Costs Shape Building Industry

A strong month for home sales in March reinforced the trend of positive housing demand. However, builders continue reporting scarce availability of labor and lots. And the recently announced 20% tariff on Canadian softwood lumber could have a significant, negative impact.

Continue Reading »

55+ Builder Confidence Down, But Still Positive

Despite a 12-point drop from the previous quarter, builder confidence in the single-family 55+ housing market remains in positive territory for the first quarter of 2017 with a reading of 55, according to the NAHB 55+ Housing Market Index, released today. This is the 12th consecutive quarter with a reading above 50, which means that more builders view conditions as good than poor.

Continue Reading »

Housing Index Hits Milestone but Permits Still Lagging

Filed in Construction Industry, Economics by on May 4, 2017 0 Comments
Housing Index Hits Milestone but Permits Still Lagging

Based on current price, permit and employment data, markets nationwide are running at an average of 100% normal economic and housing activity, according to the NAHB/First American Leading Markets Index, released today.

Continue Reading »

CNBC’s Jim Cramer on Tax Reform: Home Builders are Powerful

Filed in Capitol Hill, Codes and Regulations, Economics by on April 26, 2017 0 Comments

The tax reform conversation kicked off with a bang this morning as President Trump prepares to unveil proposals that could have a significant effect on the way that American families and businesses file their taxes.

Continue Reading »

What is the Impact of New Duties on Canadian Lumber?

Filed in Economics by on April 25, 2017 12 Comments
What is the Impact of New Duties on Canadian Lumber?

A new analysis by NAHB shows that more than 8,000 full-time jobs will be lost this year as the result of the decision by the U.S. Department of Commerce to impose a 19.88% duty on Canadian softwood lumber exports to the United States.

Continue Reading »

Advertisement