Economics

New Home Sales in March Continue Upward Trend

Filed in Economics, Home Building by on April 25, 2017 0 Comments
New Home Sales in March Continue Upward Trend

Sales of newly built, single-family homes rose for the third straight month, increasing 5.8% in March to a seasonally adjusted annual rate of 621,000 units, according to newly released data from HUD and the Census Bureau.

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Proposed Lumber Duties Will Harm Consumers, Housing Affordability

Filed in Construction Industry, Economics, Home Building by on April 25, 2017 11 Comments
Proposed Lumber Duties Will Harm Consumers, Housing Affordability

NAHB denounced the U.S. Commerce Department’s decision to impose a 20% countervailing duty on Canadian lumber imports, saying it will harm American home buyers, consumers and businesses while failing to resolve the underlying trade dispute between the two nations.

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Tell Them What You Really Think and Get Rewarded for Doing It

Filed in Economics by on April 24, 2017 1 Comment
Tell Them What You Really Think and Get Rewarded for Doing It

Thousands of industry analysts, lobbyists, government regulators and the media all keep a close eye on the results NAHB’s monthly Housing Market Index (HMI) survey. While hundreds of single-family builders participate in the survey, we want that number to grow. NAHB is giving builders the opportunity to join the exclusive panel of builders that provides their opinions about the housing market.

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What Draws Young Adults to the Construction Trades?

Filed in Economics, Work/Life Balance by on April 21, 2017 1 Comment
What Draws Young Adults to the Construction Trades?

Most young adults between the ages of 18 to 25 say the two most important benefits of a career in the construction trades are good pay (80%) and learning useful skills (74%), according to a recent poll conducted by NAHB to determine how this age group feels about a career in the construction trades.

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More Builders Banking on Small Banks

Filed in Business Management, Economics, Housing Finance by on April 21, 2017 0 Comments
More Builders Banking on Small Banks

The portion of residential construction loans has steadily grown for the smaller banks each year since 2012.

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Single-Family Production Falls in March after Strong February

Filed in Economics by on April 18, 2017 0 Comments
Single-Family Production Falls in March after Strong February

Nationwide housing starts fell 6.8% in March to a seasonally adjusted annual rate of 1.22 million units, according to newly released data from HUD and the Commerce Department. Still, new housing production in the first quarter of this year is running 8.1% above the 2016 pace. “Today’s numbers are aligned with our builder confidence metric, […]

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Builder Confidence Holds Firm in April

Filed in Economics by on April 17, 2017 0 Comments
Builder Confidence Holds Firm in April

Optimism among builders of single-family homes remained solid in April, falling three points to a level of 68 on the NAHB/Wells Fargo Housing Market Index (HMI) after an unusually high March reading.

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Cost of Building Materials is on the Rise

Filed in Economics by on April 14, 2017 3 Comments
Cost of Building Materials is on the Rise

Prices of softwood lumber, gypsum, ready-mix concrete, and OSB all rose for the second consecutive month, according to the latest Producer Price Index (PPI) released on April 13 by the Bureau of Labor Statistics. Softwood lumber and OSB experienced the largest price increases.

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Top 10 Publicly Traded Builder Share Up in 2016

Filed in Construction Industry, Economics, Home Building by on April 5, 2017 0 Comments
Top 10 Publicly Traded Builder Share Up in 2016

The bigger companies possess many advantages over small builders. Yet small builders remain well-positioned to address the growth in, and the knowledge of, their local markets.

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Skyrocketing Lumber Prices Put Builders in a Bind

Filed in Business Management, Capitol Hill, Economics by on March 27, 2017 2 Comments
Skyrocketing Lumber Prices Put Builders in a Bind

Home builders are increasingly concerned with the now-expired Softwood Lumber Agreement. The uncertainty surrounding a new trade agreement is impacting businesses on both sides of the border, as it was the primary culprit behind the surging lumber prices so far this year.

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