Economics

Colorado Members Hear from White House on State’s Economic Success

Filed in Economics by on October 22, 2018 0 Comments
Colorado Members Hear from White House on State’s Economic Success

In an Oct. 16 conference call with Colorado business leaders and members of the home building community, Kevin Hassett, the chairman of the president’s Council of Economic Advisers, cited several key economic accomplishments of the Trump administration.

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Labor Shortages are Raising Home Prices

Filed in Economics, Labor, Safety and Health by on October 19, 2018 0 Comments
Labor Shortages are Raising Home Prices

Last month, NAHBNow recounted the record share of single-family builders reporting shortages of labor and subcontractors based on a recent survey conducted by the association. View the three most widespread effects of the labor shortages.

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Confidence Among Remodelers Remains Solid

Filed in Economics, Remodelers by on October 18, 2018 0 Comments
Confidence Among Remodelers Remains Solid

NAHB’s Remodeling Market Index (RMI) posted a reading of 58 in the third quarter of 2018. The RMI has been consistently above 50 — indicating the majority of remodelers report market activity is higher compared to the previous quarter — since the second quarter of 2013.

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Multifamily Decline Pushes Overall Housing Starts Down in September

Filed in Economics, Home Building, Multifamily by on October 17, 2018 0 Comments
Multifamily Decline Pushes Overall Housing Starts Down in September

Led by a drop in multifamily production, total housing starts fell 5.3 percent in September to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.

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Average New Lot Size Remains at Record Low

Filed in Economics by on October 16, 2018 0 Comments
Average New Lot Size Remains at Record Low

The median lot size of a new single-family detached home sold in 2017 was 8,560 square feet, or just under one-fifth of an acre. While only two square feet smaller than 2016’s median lot size, it is still the lowest number since the Census Bureau’s Survey of Construction (SOC) started tracking the series for single-family detached homes in 1992.

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Builder Confidence Rises One Point in October, Remains at Summer Levels

Filed in Economics by on October 16, 2018 1 Comment
Builder Confidence Rises One Point in October, Remains at Summer Levels

Builder confidence in the market for newly-built single-family homes rose one point to 68 in October on the NAHB/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June.

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Top 10 Publicly-Traded Builder Share Lower in 2017

Filed in Economics, Home Building by on October 12, 2018 2 Comments
Top 10 Publicly-Traded Builder Share Lower in 2017

The top 10 publicly-traded builders in 2017 captured a 25.5% share of new single-family home closings, down from 27.4% in 2016. The data is based on their latest 10K filings with the Securities and Exchange Commission, which provide a comprehensive summary of each firm’s financial performance.

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New Home Sales Up 3.5% in August Even as Affordability Concerns Persist

Filed in Economics, Home Building by on September 26, 2018 0 Comments
New Home Sales Up 3.5% in August Even as Affordability Concerns Persist

Sales of newly built, single-family homes rose 3.5% in August to a seasonally adjusted annual rate of 629,000 units after downwardly revised June and July reports, according to newly released data from HUD and the Census Bureau. These downward revisions suggest softness in new-home sales activity this summer. However, on a year-to-date basis, sales are up 6.9% from this time in 2017.

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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 29 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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