Economics

Housing Affordability Remains Favorable Even at 8-Year Low

Filed in Economics, Home Building by on February 16, 2017 0 Comments
Housing Affordability Remains Favorable Even at 8-Year Low

Shortages of buildable lots and skilled labor, excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008, according to the NAHB/Wells Fargo Housing Opportunity Index. released this morning.

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Housing Production in January Levels Off after Multifamily Surge

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

Housing starts returned to trend in January, dropping 2.6% to a seasonally adjusted annual rate of 1.246 million units, according to newly released data from HUD and the Census Bureau.

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Builders Still Optimistic in February

Filed in Economics, Home Building by on February 15, 2017 0 Comments

Builder confidence in the market for newly built single-family homes declined two points in February to 65 on the NAHB/Wells Fargo Housing Market Index.

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Conventional Financing Continues to Climb

Filed in Economics, Housing Finance by on February 8, 2017 0 Comments
Conventional Financing Continues to Climb

NAHB economist David Logan looked at the Census Burea’s Quarterly Sales by Price and Financing to determine that nearly 71% of new home sales were financed with conventional loans in 2016: a nine-year high and up from 58.5% in 2010.

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Regulatory, Supply Challenges Inhibit More Robust Housing Growth

Filed in Economics, Home Building by on February 6, 2017 1 Comment
Regulatory, Supply Challenges Inhibit More Robust Housing Growth

Although employment and home price levels have returned to or exceeded normal, home construction during the fourth quarter of 2016 remained tepid in many markets due to regulatory and supply-side constraints.

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55+ Builder Confidence is Highest Yet

Filed in Councils & Committees, Economics, Home Building by on February 2, 2017 0 Comments
55+ Builder Confidence is Highest Yet

Builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2016 with a reading of 67, up eight points from the previous quarter, according to the NAHB 55+ Housing Market Index, released today. This is the highest reading since the inception of the index in 2008.

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Floorplan Showdown: Completely Open vs. Partially Open

Filed in Design, Economics, Home Building, Housing Trends by on February 1, 2017 0 Comments
Floorplan Showdown: Completely Open vs. Partially Open

Results from NAHB surveys of home buyers and home builders show that buyers have a strong preference for open floorplans, and that most builders are doing their best to create those open spaces for their clients. There are, however, some differences between what buyers are seeking and what builders are delivering.

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Highest Property Tax States are in the Northeast

Filed in Economics by on January 30, 2017 0 Comments
Highest Property Tax States are in the Northeast

New Jersey still leads the nation with the highest average annual real estate tax (RET) bill of $8,180 — $7,528 more than RETs paid by Alabama’s home owners, according to the 2015 American Community Survey.

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Key Building Materials Prices Far Surpassed Inflation in 2016

Filed in Economics by on January 27, 2017 1 Comment
Key Building Materials Prices Far Surpassed Inflation in 2016

Softwood lumber, oriented strand board (OSB), ready-mix concrete and gypsum products all posted price changes in 2016 well above the 1.3% average for the Consumer Price Index, according to the latest Producer Price index released by the Bureau of Labor Statistics.

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Top Concern for Builders Remains Unchanged in 2017

Filed in Economics, Home Building by on January 26, 2017 5 Comments
Top Concern for Builders Remains Unchanged in 2017

More than four out of five builders expect to face serious challenges regarding the cost and availability of labor in 2017, according to a recent survey of members that ran in the monthly NAHB/Wells Fargo Housing Market Index.

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