Economics

Housing Starts Up Sharply, Near Post-Recession High in October

Filed in Economics, Home Building by on November 17, 2017 0 Comments
Housing Starts Up Sharply, Near Post-Recession High in October

Nationwide housing starts rose 13.7% in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from HUD and the Commerce Department. This is the highest housing production reading since October 2016, when total starts hit a post-recession high of 1.33 million.

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Builder Confidence Climbs to 8-Month High in November

Filed in Economics, Home Building by on November 16, 2017 0 Comments
Builder Confidence Climbs to 8-Month High in November

The two-point to a level of 70 in November on the NAHB/Wells Fargo Housing Market Index was the highest report since March, and the second highest on record since July 2005.

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Housing Market Grows Modestly Even as Housing Production Lags

Filed in Economics by on November 6, 2017 0 Comments
Housing Market Grows Modestly Even as Housing Production Lags

Markets in 197 of the 337 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2017, according to the NAHB/First American Leading Markets Index released today. This represents a year-over-year net gain of 40 markets.

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55+ Housing Builders, Developers Stay Confident in 3rd Quarter

Filed in 55+ Housing, Economics, Home Building by on November 2, 2017 0 Comments
55+ Housing Builders, Developers Stay Confident in 3rd Quarter

Builder confidence in the single-family 55+ housing market continued to be positive in the third quarter, according to the NAHB 55+ Housing Market Index (HMI), released today.

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Has the Labor Shortage Reached ‘Crisis’ Status?

Has the Labor Shortage Reached ‘Crisis’ Status?

It’s been more than 10 years since there were this many unfilled construction jobs. And according to NAHB Chief Economist Robert Dietz, the labor situation is likely to worsen in the months ahead.

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NAHB Prepares Tax Reform Offensive

Filed in Capitol Hill, Economics, Homeownership, Leadership by on October 30, 2017 15 Comments
NAHB Prepares Tax Reform Offensive

NAHB continues to decry the House of Representatives’ rejection of a homeownership tax credit that would include both mortgage interest and property taxes to benefit up to 37 million additional home owners, and has served notice that we plan to deploy all necessary resources to ensure that the middle-class tax benefits of homeownership are part of this week’s planned release of a tax reform package.

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Labor and Material Costs Rising Faster Than Lot Prices

Filed in Economics, Land Development by on October 26, 2017 3 Comments
Labor and Material Costs Rising Faster Than Lot Prices

Despite the record-high prices for single-family lots, the average portion of the final sales price of a new single-family home attributed to the cost of the lot is actually decreasing. But that isn’t exactly good news.

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New Home Sales Pace in September Hits 10-Year High

Filed in Economics, Home Building by on October 25, 2017 6 Comments
New Home Sales Pace in September Hits 10-Year High

Sales of newly built, single-family homes in September rose 18.9% to a seasonally adjusted annual rate of 667,000 units from an upwardly revised August reading, according to newly released data from HUD and the Census Bureau. This is the highest sales rate since October 2007. Year to date, new home sales are 8.6% above their level over the same period last year.

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NAHB’s Strategy in the Tax Reform Debate

Filed in Capitol Hill, Economics by on October 20, 2017 8 Comments
NAHB’s Strategy in the Tax Reform Debate

We are committed to fight for the best policies to support our industry and the consumers we serve.

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Remodeling Market Indicators Stay Strong

Filed in Councils & Committees, Economics, Remodelers by on October 19, 2017 0 Comments
Remodeling Market Indicators Stay Strong

The NAHB Remodeling Market Index (RMI) posted a reading of 57 in the third quarter, up two points from the previous quarter. It’s the 18th consecutive RMI at or above 50, which indicates that more remodelers report market activity is higher compared to the prior quarter than report it is lower.

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