Economics

Largest Share of NAHB Associate Members: Subcontractors and Specialty Contractors

Filed in Economics, Membership by on May 15, 2018 0 Comments
Largest Share of NAHB Associate Members: Subcontractors and Specialty Contractors

Constructing a new home – from developing the lot to handing the keys over to the buyer – is a complex process involving numerous specialists in a wide range of fields. That complexity is reflected in the number and variety of professions represented among the ranks of NAHB’s Associate members, who account for roughly two-thirds of total membership.

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Builder Confidence Climbs to 70 in May

Filed in Economics, Home Building by on May 15, 2018 0 Comments
Builder Confidence Climbs to 70 in May

Builder confidence in the market for newly built single-family homes rose two points to 70 in May after a downwardly revised April reading on the NAHB/Wells Fargo Housing Market Index (HMI). This is the fourth time the HMI has reached 70 or higher this year.

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Rising Incomes Boost Housing Affordability in 1st Quarter

Filed in Economics by on May 10, 2018 1 Comment
Rising Incomes Boost Housing Affordability in 1st Quarter

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index released today. Youngstown-Warren-Boardman, Ohio-Pa., was the nation’s most affordable major housing market. There, 90.9% of all new and existing homes sold were affordable to families earning the area’s median income of $60,100.

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‘Workforce Housing’ Projects Help Ease Affordability Concerns

Filed in Economics, Multifamily by on May 9, 2018 0 Comments
‘Workforce Housing’ Projects Help Ease Affordability Concerns

Nowhere in the United States can a person working a full-time minimum wage job afford to rent a market-rate two-bedroom apartment. One solution is to increase the amount of what many refer to as “workforce housing.”

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NAHB Joins Leading Economists Warning that Tariffs Threaten an Economic Downturn

Filed in Codes and Regulations, Economics by on May 3, 2018 9 Comments
NAHB Joins Leading Economists Warning that Tariffs Threaten an Economic Downturn

NAHB Chief Economist Robert Dietz joined several other prominent economists at a forum at the National Press Club in Washington today to warn that a trade policy based on tariffs is harmful to growth and prosperity.

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Builder Confidence in the 55+ Housing Market Still Healthy

Filed in 55+ Housing, Economics by on May 3, 2018 0 Comments
Builder Confidence in the 55+ Housing Market Still Healthy

Builder confidence in the single-family 55+ housing market dropped five points to 66 in the first quarter of 2018, according to the NAHB 55+ Housing Market Index released today. The decline came off an all-time high reading of 71 in the fourth quarter of 2017.

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Will Tear-Downs Increase in Market Share?

Filed in Economics, Home Building by on May 3, 2018 4 Comments
Will Tear-Downs Increase in Market Share?

With builders nationwide continuing to report lot shortages, there has been speculation that tear-downs will command a growing share of the new-home market. As yet, the jury is out.

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Buyers Say It’s Harder to Find the Right Home

Filed in Economics, Sales & Marketing by on May 2, 2018 0 Comments
Buyers Say It’s Harder to Find the Right Home

Prospective home buyers say it is getting more difficult to find the right home, according to a quarterly survey based on national polls conducted by Morning Consult.

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About Those Changes to the Business Interest Deduction

About Those Changes to the Business Interest Deduction

The new tax law places limitations on the business interest deduction and the treatment of business interest expenses. The good news: An exception was made for real estate businesses.

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Low Inventories Pushing Prices Higher

Filed in Economics by on April 26, 2018 0 Comments
Low Inventories Pushing Prices Higher

As result of limited supply, solid demand and rising construction costs, home prices continue to exceed income growth and have now increased more than 6% over the last year.

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