Economics

2018 Sees the First of Several Rate Hikes

Filed in Economics by on March 22, 2018 0 Comments
2018 Sees the First of Several Rate Hikes

The Federal Reserve raised the federal funds rate this month. At least three rate hikes are expected this year, three more in 2019, and at least two in 2020.

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Multifamily Drop Pushes Total Housing Starts Down

Filed in Economics, Home Building, Multifamily by on March 16, 2018 0 Comments
Multifamily Drop Pushes Total Housing Starts Down

A decline in multifamily starts pushed overall housing production down 7% in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from HUD and the Commerce Department.

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Builder Confidence Remains on Solid Footing in March

Filed in Economics by on March 15, 2018 5 Comments
Builder Confidence Remains on Solid Footing in March

Home builder sentiment edged down one point to a level of 70 in March from a downwardly revised February reading on the NAHB/Wells Fargo Housing Market Index (HMI).

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Commerce Secretary Working to Ensure Adequate Lumber Supply for Builders

Filed in Capitol Hill, Construction Industry, Economics by on March 15, 2018 4 Comments
Commerce Secretary Working to Ensure Adequate Lumber Supply for Builders

NAHB CEO Jerry Howard recently met with Commerce Secretary Wilbur Ross and urged him to work with his Canadian counterparts to craft an equitable long-term solution to the trade dispute.

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‘Qualified Business Income’ and You

Filed in Economics, tax reform toolkit by on March 12, 2018 0 Comments
‘Qualified Business Income’ and You

One of the truly new aspects of the tax code signed into law by President Trump is the 20% deduction available to “pass-through” businesses (i.e. LLPs, LLCs, and S-corps). It was a centerpiece of the tax bill, and one which most small business owners have heard about. Nevertheless, it warrants a lot of explanation because it is a lot more complex than it sounds.

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Download Housing Data by Congressional District

Filed in Economics, Home Building, Multifamily by on March 9, 2018 0 Comments
Download Housing Data by Congressional District

NAHB has launched a new Internet portal where members can develop a detailed profile of their local markets and potential customers and get the stats on new home production, housing affordability, remodeling activity and other benchmarks. The NAHB Housing Portal also provides results of housing surveys conducted for NAHB by Morning Consult, the polling firm that created the website.

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First-Time Home Buyers Deflated, but not Deterred

Filed in Design, Economics, Housing Trends by on March 8, 2018 1 Comment
First-Time Home Buyers Deflated, but not Deterred

Competition is stiff in housing markets across the country. Limited inventory of existing and entry-level homes, combined with inevitable interest rate hikes are causing prices to rise and expectations to decline — particularly among first-time buyers.

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Starts and Sales Tell Two Tales

Filed in Economics by on March 1, 2018 0 Comments
Starts and Sales Tell Two Tales

While total housing starts posted strong gains in January, new home sales numbers were somewhat disappointing. NAHB Chief Economist Robert Dietz shares more insights in a recent overview of the housing industry.

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New Tax Regulations Affect Transportation Subsidies

Filed in Economics, tax reform toolkit by on March 1, 2018 0 Comments
New Tax Regulations Affect Transportation Subsidies

Lost in the headlines of the new tax law is how it substantially affects how the cost of fringe benefits is taxed for employers and employees — and few will be happy with these changes.

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New Home Sales Drop 7.8% in January

Filed in Economics by on February 26, 2018 0 Comments
New Home Sales Drop 7.8% in January

Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 593,000 units after an upwardly revised December reading.

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