Economics

Single-Family Starts Continue Modest Improvement

Filed in Economics by on August 16, 2019 0 Comments
Single-Family Starts Continue Modest Improvement

Due to a decline in multifamily production, total housing starts fell 4% in July to a seasonally adjusted annual rate of 1.19 million units. While single-family starts increased 1.3%, multifamily starts fell 16.2%.

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Builder Confidence Trending Higher as Interest Rates Move Lower

Filed in Economics by on August 15, 2019 0 Comments
Builder Confidence Trending Higher as Interest Rates Move Lower

Builder confidence in the market for newly-built single-family homes rose one point to 66 in August, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today.

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Millennial Home Preferences vs. Other Generations

Filed in Economics, Housing Trends by on August 9, 2019 4 Comments
Millennial Home Preferences vs. Other Generations

A recent study by the NAHB Economics department highlights the differences between millennial home buyer preferences and other generations over recent years.

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Why Lower Interest Rates are Not Boosting the Housing Market

Filed in Affordability, Economics, Housing Finance by on August 8, 2019 2 Comments
Why Lower Interest Rates are Not Boosting the Housing Market

Recent jolts to the economy stemming in part from an intensified trade war with China have worried markets and resulted in a significant decline in interest rates as investors have shifted from equity to bonds. Lower interest rates present an opportunity for the housing market, which has failed so far to respond energetically to this positive development due to prior housing affordability headwinds.

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NAHB Announces Delay in the Production of the Housing Opportunity Index

Filed in Affordability, Economics by on August 8, 2019 0 Comments
NAHB Announces Delay in the Production of the Housing Opportunity Index

The scheduled second quarter release of the NAHB/Wells Fargo Housing Opportunity Index (HOI), which measures housing affordability in more than 200 metropolitan areas across the nation, will be delayed for three months because key government data used to calculate the index is no longer available.

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Top 10 Features Millennials Want — and Don’t Want

Filed in Economics, Housing Trends by on August 7, 2019 0 Comments
Top 10 Features Millennials Want — and Don’t Want

At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage. Conversely, they give a thumbs down to elevators, wine cellars and laminate countertops.

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55+ Housing Market Remains Solid in Second Quarter

Filed in 55+ Housing, Economics by on August 1, 2019 0 Comments
55+ Housing Market Remains Solid in Second Quarter

Builder confidence in the single-family 55+ housing market remained solid in the second quarter with a reading of 71, edging down one point from the previous quarter due to softness in traffic of prospective buyers, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today.

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Fed Rate Cut Good for Housing

Filed in Economics, Housing Finance by on July 31, 2019 0 Comments
Fed Rate Cut Good for Housing

In a policy change widely expected and good for housing and home building, the Federal Reserve today reduced its key, short-term federal funds rate by 25 basis points to a top rate of 2.25%. The housing sector continues to face affordability headwinds, and today’s action by the Fed will help by reducing borrowing costs.

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Housing’s Share of GDP Declines on Affordability Factors

Filed in Economics by on July 31, 2019 0 Comments
Housing’s Share of GDP Declines on Affordability Factors

An analysis in a recent Eye on Housing blog post by NAHB Chief Economist Robert Dietz reveals that ongoing housing affordability concerns marked by a lack of supply are having a negative impact on the economy.

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Minority Homeownership Rate Drops in 1st Quarter of 2019

Filed in Economics, Homeownership, Housing Trends by on July 25, 2019 0 Comments
Minority Homeownership Rate Drops in 1st Quarter of 2019

In the first quarter of 2019 the U.S. homeownership rate stood at 64.2%, unchanged from its level during the same time last year, but slightly down from the fourth quarter of 2018 (64.8%), according to the latest data from the U.S. Census Bureau.

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