Economics

Economy Continues to Grow at a Brisk Pace

Filed in Economics by on November 9, 2018 0 Comments
Economy Continues to Grow at a Brisk Pace

NAHB’s chief economist provides an overview of the current housing market and a look at what’s to come.

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Housing Affordability Edges Lower in the Third Quarter

Filed in Economics by on November 8, 2018 0 Comments
Housing Affordability Edges Lower in the Third Quarter

A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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Home Sales Slump Continues

Filed in Economics by on October 29, 2018 0 Comments
Home Sales Slump Continues

NAHB Chief Economist Robert Dietz explains why new and existing home sales stumbled in September, as higher interest rates slowed the housing sector amid otherwise positive macroeconomic conditions.

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Construction Jobs Continue to Climb

Filed in Construction Industry, Economics by on October 25, 2018 0 Comments
Construction Jobs Continue to Climb

The U.S has added 315,000 construction sector jobs over the past 12 months, a 4.5% increase compared to September 2017.

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New Home Sales Fall as Affordability Issues Continue

Filed in Economics by on October 24, 2018 2 Comments
New Home Sales Fall as Affordability Issues Continue

Sales of newly built, single-family homes fell 5.5% in September to a seasonally adjusted annual rate of 553,000 units. Despite the lackluster report, sales are up 3.5% on a year-to-date basis compared to last year.

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Colorado Members Hear from White House on State’s Economic Success

Filed in Economics by on October 22, 2018 0 Comments
Colorado Members Hear from White House on State’s Economic Success

In an Oct. 16 conference call with Colorado business leaders and members of the home building community, Kevin Hassett, the chairman of the president’s Council of Economic Advisers, cited several key economic accomplishments of the Trump administration.

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Labor Shortages are Raising Home Prices

Filed in Economics, Labor, Safety and Health by on October 19, 2018 1 Comment
Labor Shortages are Raising Home Prices

Last month, NAHBNow recounted the record share of single-family builders reporting shortages of labor and subcontractors based on a recent survey conducted by the association. View the three most widespread effects of the labor shortages.

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Confidence Among Remodelers Remains Solid

Filed in Economics, Remodelers by on October 18, 2018 0 Comments
Confidence Among Remodelers Remains Solid

NAHB’s Remodeling Market Index (RMI) posted a reading of 58 in the third quarter of 2018. The RMI has been consistently above 50 — indicating the majority of remodelers report market activity is higher compared to the previous quarter — since the second quarter of 2013.

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Multifamily Decline Pushes Overall Housing Starts Down in September

Filed in Economics, Home Building, Multifamily by on October 17, 2018 0 Comments
Multifamily Decline Pushes Overall Housing Starts Down in September

Led by a drop in multifamily production, total housing starts fell 5.3 percent in September to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.

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Average New Lot Size Remains at Record Low

Filed in Economics by on October 16, 2018 1 Comment
Average New Lot Size Remains at Record Low

The median lot size of a new single-family detached home sold in 2017 was 8,560 square feet, or just under one-fifth of an acre. While only two square feet smaller than 2016’s median lot size, it is still the lowest number since the Census Bureau’s Survey of Construction (SOC) started tracking the series for single-family detached homes in 1992.

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