Economics

Multifamily Decline Brings Overall Housing Starts Down 5.5% in May

Filed in Economics by on June 16, 2017 0 Comments
Multifamily Decline Brings Overall Housing Starts Down 5.5% in May

Led by a decline in multifamily production, nationwide housing starts fell 5.5% in May to a seasonally adjusted annual rate of 1.09 million units, according to newly released data from the HUD and the Commerce Department. Multifamily starts fell 9.7% to a seasonally adjusted annual rate of 289,000 units while single-family production edged down 3.9% to 794,000.

Continue Reading »

Builder Confidence: Still Solid

Filed in Economics, Home Building by on June 15, 2017 0 Comments
Builder Confidence: Still Solid

Builder confidence in the market for newly built single-family homes weakened slightly in June, down two points to 67 from a downwardly revised May reading of 69 on the NAHB/Wells Fargo Housing Market Index.

Continue Reading »

Finance Changes Shaping the Housing Market

Finance Changes Shaping the Housing Market

In his remarks in the latest issue of Eye on the Economy, NAHB Chief Economist Robert Dietz provided his insights on the state of the economy as it relates to the home building industry, highlighting changes in interest rates, loan availability and housing demand.

Continue Reading »

Remodeling Expenditure Estimates Revealed for 2017

Filed in Economics, Remodelers by on May 31, 2017 1 Comment
Remodeling Expenditure Estimates Revealed for 2017

Home owners who remodel in 2017 will spend an average of $6,148 on each project, according to NAHB’s recent projections of spending by ZIP code for each of over 26,000 ZIP codes across the United States.

Continue Reading »

New Home Sales Slip in April

Filed in Economics by on May 23, 2017 0 Comments
New Home Sales Slip in April

After a strong start to the year, sales of newly built, single-family homes dropped for the first time in 2017, falling 11.4%. Sales numbers for the first three months of the year were all upwardly revised, and the March sales pace was the highest since October 2007.

Continue Reading »

Slow but Steady Growth for Housing

Filed in Economics by on May 19, 2017 0 Comments
Slow but Steady Growth for Housing

NAHB Chief Economist Robert Dietz provides a brief overview of the housing market in the latest issue of Eye on the Economy.

Continue Reading »

Multifamily Drop Brings Production Down 2.6% in April

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

Led by a decline in multifamily production, nationwide housing starts fell 2.6% in April to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from HUD and the Department of Commerce.

Continue Reading »

Builder Confidence Continues Climb

Filed in Economics, Home Building by on May 15, 2017 1 Comment
Builder Confidence Continues Climb

In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to 70 on the NAHB/Wells Fargo Housing Market Index. This is the second-highest reading since the downturn.

Continue Reading »

Housing Affordability Sees Slight 1st-Quarter Uptick

Filed in Economics by on May 11, 2017 0 Comments

Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

Continue Reading »

Tight Inventory, Rising Costs Shape Building Industry

Filed in Construction Industry, Economics by on May 5, 2017 0 Comments
Tight Inventory, Rising Costs Shape Building Industry

A strong month for home sales in March reinforced the trend of positive housing demand. However, builders continue reporting scarce availability of labor and lots. And the recently announced 20% tariff on Canadian softwood lumber could have a significant, negative impact.

Continue Reading »

Advertisement