Economics

NAHB Economists Forecast Challenges, Opportunities Ahead

Filed in Economics by on August 22, 2018 2 Comments
NAHB Economists Forecast Challenges, Opportunities Ahead

The nation’s economy has enjoyed one of the longest stretches of continued GDP growth in history. But the level of economic acceleration might soon begin to ease.

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Most U.S. Homes Built Before the Reagan Administration

Filed in Economics, Home Building by on August 17, 2018 1 Comment
Most U.S. Homes Built Before the Reagan Administration

As the median age of Americans continues to rise, so too does the age of the nation’s housing stock. Census data reveal the median age of owner-occupied housing has increased to 37 years old.

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Housing Starts Hold Their Ground in July

Filed in Economics, Home Building, Multifamily, Uncategorized by on August 16, 2018 4 Comments
Housing Starts Hold Their Ground in July

Total housing starts inched up 0.9% in July to a seasonally adjusted annual rate of 1.17 million units, according to data released this morning by HUD and the Commerce Department.

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Housing Affordability Hits 10-Year Low in 2nd Quarter

Filed in Economics by on August 9, 2018 1 Comment
Housing Affordability Hits 10-Year Low in 2nd Quarter

Only 57.1% of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S. median income of $71,900. Housing affordability is at its lowest reading since mid-2008.

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West Leads Permits Growth; Northeast, Midwest See Declines

Filed in Economics by on August 6, 2018 3 Comments
West Leads Permits Growth; Northeast, Midwest See Declines

The number of single-family permits issued in the first six months of 2018 was 444,600, a 6.3% increase over where the nation was at the end of June 2017, when permits totaled 418,128.

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Supply Constraints Hinder Sales and Affordability

Filed in Business Management, Economics by on August 3, 2018 4 Comments
Supply Constraints Hinder Sales and Affordability

A dearth of inventory has resulted in price growth, making prospective home buyers more cautious about a potential purchase.

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55+ Housing Market Shows Continued Strength in 2nd Quarter

Filed in Councils & Committees, Economics by on August 2, 2018 0 Comments
55+ Housing Market Shows Continued Strength in 2nd Quarter

Builder confidence in the single-family 55+ housing market continued to be in positive territory in the second quarter of 2018, according to the NAHB 55+ Housing Market Index released today. The index increased one point to 67.

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A Looming $1 Billion Tax on Housing

Filed in Economics by on July 27, 2018 41 Comments
A Looming $1 Billion Tax on Housing

President Trump’s plans to propose 10% tariffs on $200 billion worth of Chinese imports — including nearly 500 products used in residential construction — could have major ramifications for the housing industry.

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Remodeling Confidence Increases Despite Rising Costs

Filed in Economics, Remodelers by on July 19, 2018 0 Comments
Remodeling Confidence Increases Despite Rising Costs

The NAHB Remodeling Market Index posted a reading of 58 in the second quarter of 2018, up one point from the previous quarter.

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Housing Starts Fall 12.3% As Tariffs Draw Increased Concern

Filed in Economics, Home Building, Multifamily by on July 18, 2018 2 Comments
Housing Starts Fall 12.3% As Tariffs Draw Increased Concern

Total housing starts fell 12.3% in June to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from HUD and the Commerce Department.

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