Economics

New Home Sales Rebound in June Despite Affordability Concerns

Filed in Economics by on July 24, 2019 1 Comment
New Home Sales Rebound in June Despite Affordability Concerns

Sales of newly built, single-family homes increased in June to a seasonally adjusted annual rate of 646,000 units — a 7% rise from May’s downwardly revised reading.

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Property Tax Bills by Congressional Districts Vary Up to $11K

Filed in Capitol Hill, Economics by on July 23, 2019 1 Comment
Property Tax Bills by Congressional Districts Vary Up to $11K

A new study released by NAHB reveals a nearly $11,000 difference in average property tax bills among the country’s most and least expensive congressional districts.

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2 Key Factors Driving Single-Family Housing

Filed in Economics by on July 22, 2019 1 Comment
2 Key Factors Driving Single-Family Housing

Job growth and lower mortgage rates are two positive economic variables that will support near-term growth for single-family construction.

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Remodelers’ Confidence Holds Steady

Filed in Economics, Remodelers by on July 18, 2019 1 Comment
Remodelers’ Confidence Holds Steady

NAHB’s Remodeling Market Index (RMI) posted a reading of 55 in the second quarter of 2019, rising one point from the previous quarter. The RMI has been consistently above 50 since the second quarter of 2013.

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Single-Family Starts Increase in June 

Filed in Economics by on July 17, 2019 0 Comments
Single-Family Starts Increase in June 

Single-family gains helped offset a drop in multifamily production as total housing starts edged 0.9% lower in June to a seasonally adjusted annual rate of 1.25 million units.

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Builder Confidence Holds Firm in July

Filed in Economics by on July 16, 2019 1 Comment
Builder Confidence Holds Firm in July

Builder confidence in the market for newly-built single-family homes rose one point to 65 in July, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. This marks the sixth consecutive month that sentiment levels have held at a steady range in the low- to mid-60s.

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NAHB Webinar Explores Economic Conditions for Multifamily Sector

Filed in Economics, Multifamily by on July 10, 2019 0 Comments
NAHB Webinar Explores Economic Conditions for Multifamily Sector

NAHB Chief Economist Robert Dietz will present the latest economic and housing data affecting the multifamily home building sector during the Multifamily Housing Economic Outlook Webinar scheduled for Thursday, July 18, 2-3 p.m. ET.

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Economic Uncertainty Curbs Housing Growth

Filed in Economics by on July 3, 2019 0 Comments
Economic Uncertainty Curbs Housing Growth

In his recent overview of current housing market conditions, NAHB Chief Economist Robert Dietz illustrates how lower interest rates alone are not sufficient to tackle current housing affordability headwinds.

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Harvard Study Shows U.S. Housing Production is Lagging Far Behind Demand

Harvard Study Shows U.S. Housing Production is Lagging Far Behind Demand

Despite a solid economy, rising wages and household growth that is now back from post-recession lows, new home construction remains depressed, due to supply-side challenges that are making it increasingly more difficult to build at affordable price points.

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New Home Sales Decline in May

Filed in Economics by on June 25, 2019 3 Comments
New Home Sales Decline in May

Sales of newly built, single-family homes fell 7.8% to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis however, new home sales for 2019 are 4% higher than the same period in 2018.

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