Economics

Remodeling Market Indicators Stay Strong

Filed in Councils & Committees, Economics, Remodelers by on October 19, 2017 0 Comments
Remodeling Market Indicators Stay Strong

The NAHB Remodeling Market Index (RMI) posted a reading of 57 in the third quarter, up two points from the previous quarter. It’s the 18th consecutive RMI at or above 50, which indicates that more remodelers report market activity is higher compared to the prior quarter than report it is lower.

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Rising Prices, Limited Labor Handcuff Housing Inventory

Rising Prices, Limited Labor Handcuff Housing Inventory

Industry experts, including NAHB Chief Economist Robert Dietz, will illustrate housing trends and the market outlook during an upcoming webinar, “Residential Construction: Homeownership, Supply & Headwinds,” on Wednesday, Nov. 1 at 2 p.m. ET.

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Hurricanes Push Down Housing Production in September

Filed in Economics by on October 18, 2017 0 Comments
Hurricanes Push Down Housing Production in September

Nationwide housing starts fell 4.7% in September to a seasonally adjusted annual rate of 1.13 million units, according to newly released data from HUD and the Commerce Department.

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Builder Confidence Posts Solid Gain in October

Filed in Economics by on October 17, 2017 0 Comments
Builder Confidence Posts Solid Gain in October

Builder confidence in the market for new single-family homes rose four points to 68 in October on the NAHB/Wells Fargo Housing Market Index. This was the highest reading since May.

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Housing Industry Could Get ‘Choppy’ in the Months Ahead

Filed in Economics by on October 6, 2017 1 Comment
Housing Industry Could Get ‘Choppy’ in the Months Ahead

Despite ongoing positive market conditions, recent home sales data have come in below expectations. And the economic impacts of hurricanes Harvey and Irma will surface in the months ahead.

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NAHB Revises Policy as Tax Reform Debate Heats Up

Filed in Business Management, Capitol Hill, Economics by on October 3, 2017 6 Comments
NAHB Revises Policy as Tax Reform Debate Heats Up

After a unanimous vote, NAHB is revising its policy regarding the nation’s tax code in light of recent discussions on tax reform between congressional leadership and the Trump administration.

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NAHB Commends GOP Tax Reform Plan

Filed in Economics, Housing Finance by on September 27, 2017 12 Comments
NAHB Commends GOP Tax Reform Plan

President Trump and Republican congressional leaders today introduced a broad framework to alter the tax code that would lower business and individual rates. In an official statement, NAHB Chairman Granger MacDonald said this plan “represents a positive step in the right direction.”

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New Home Sales Fall 3.4% in August

Filed in Economics, Uncategorized by on September 26, 2017 0 Comments
New Home Sales Fall 3.4% in August

This was the lowest sales reading since December 2016. However, year-to-date, new home sales are 7.5% above their level over the same period last year.

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Housing Production Holds Steady in August

Filed in Economics by on September 19, 2017 0 Comments
Housing Production Holds Steady in August

Single-family production rose 1.6% in August to a seasonally adjusted annual rate of 851,000 after a downwardly revised July reading. Year-to-date, single-family starts are 8.9% above their level over the same period last year. Multifamily starts dropped 6.5% to 329,000 units after an upward July revision.

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Builder Confidence Drops as Hurricanes Add Uncertainty

Filed in Economics by on September 18, 2017 0 Comments
Builder Confidence Drops as Hurricanes Add Uncertainty

Builder confidence in the market for newly-built single-family homes fell three points to 64 in September, down from August’s revised reading of 67 on the NAHB/Wells Fargo Housing Market Index.

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