Economics

Is Student Debt a Barrier to Homeownership?

Filed in Economics, Homeownership, Housing Trends by on February 1, 2019 0 Comments
Is Student Debt a Barrier to Homeownership?

Homeownership among 24- to 32-year-olds dropped 9 percentage points between 2005 and 2014. A key factor for that drop may be increasing student loan amounts, according to the Federal Reserve.

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New Home Sales Higher Than Expected in November

Filed in Economics by on January 31, 2019 1 Comment
New Home Sales Higher Than Expected in November

New home sales increased 16.9% in November to a seasonally adjusted annual rate of 657,000 units. This is the highest sales pace in eight months.

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55+ Housing Market Ends Fourth Quarter on a Positive Note

Filed in Economics by on January 31, 2019 0 Comments
55+ Housing Market Ends Fourth Quarter on a Positive Note

Builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2018 with a reading of 66, up six points from the previous quarter, according to the NAHB 55+ Housing Market Index (HMI) released today.

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Fed Holds Interest Rates Steady; What Does This Mean for Housing?

Filed in Economics by on January 30, 2019 1 Comment
Fed Holds Interest Rates Steady; What Does This Mean for Housing?

The Federal Reserve ended its two-day meeting of its policymaking committee by announcing it would hold short-term interest rates steady and signaling that it will carefully evaluate future economic conditions before considering another rate hike. NAHB Chief Economist Robert Dietz provides an analysis of the Fed’s decision and the possible impact on the housing market.

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Home Price Appreciation Slows in November

Filed in Economics by on January 29, 2019 0 Comments
Home Price Appreciation Slows in November

Home appreciation increased by 5.2% in November, down from 5.3% the previous month, according to the latest S&P CoreLogic Case-Shiller National Home Price Index released today.

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Existing Home Sales Down Sharply in December

Filed in Economics by on January 23, 2019 0 Comments
Existing Home Sales Down Sharply in December

Total existing home sales fell 6.4% to a seasonally adjusted rate of 4.99 million in December, according to the latest figures by the National Association of Realtors. Sales are at their lowest level since November 2015 and down 10.3% from a year ago (5.56 million in December 2017).

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At NAHB’s Urging, IRS to Waive 2018 Withholding Penalties for Most Filers

Filed in Economics by on January 17, 2019 0 Comments
At NAHB’s Urging, IRS to Waive 2018 Withholding Penalties for Most Filers

The Internal Revenue Service (IRS) has announced that it is waiving the tax penalty for many home builders and other small businesses that pay estimated quarterly taxes but whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

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Remodelers’ Confidence Holds Relatively Steady

Filed in Economics, Remodelers by on January 17, 2019 0 Comments
Remodelers’ Confidence Holds Relatively Steady

NAHB’s Remodeling Market Index posted a reading of 57 in the fourth quarter of 2018, only one point lower than the previous quarter.

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Lower Interest Rates Stabilize Builder Confidence

Filed in Economics by on January 16, 2019 2 Comments
Lower Interest Rates Stabilize Builder Confidence

Buoyed by falling mortgage rates, builder confidence in the market for newly-built single-family homes rose two points to 58 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

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Older Americans Increasingly Burdened by Housing Costs

Filed in Economics, Housing Trends by on January 15, 2019 0 Comments
Older Americans Increasingly Burdened by Housing Costs

The housing industry continues to deal with an affordability crisis, and a new report reaffirms that an alarming portion of American households are over burdened with housing costs.

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