Economics

Builders Still Optimistic in February

Filed in Economics, Home Building by on February 15, 2017 0 Comments

Builder confidence in the market for newly built single-family homes declined two points in February to 65 on the NAHB/Wells Fargo Housing Market Index.

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Conventional Financing Continues to Climb

Filed in Economics, Housing Finance by on February 8, 2017 0 Comments
Conventional Financing Continues to Climb

NAHB economist David Logan looked at the Census Burea’s Quarterly Sales by Price and Financing to determine that nearly 71% of new home sales were financed with conventional loans in 2016: a nine-year high and up from 58.5% in 2010.

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Regulatory, Supply Challenges Inhibit More Robust Housing Growth

Filed in Economics, Home Building by on February 6, 2017 1 Comment
Regulatory, Supply Challenges Inhibit More Robust Housing Growth

Although employment and home price levels have returned to or exceeded normal, home construction during the fourth quarter of 2016 remained tepid in many markets due to regulatory and supply-side constraints.

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55+ Builder Confidence is Highest Yet

Filed in Councils & Committees, Economics, Home Building by on February 2, 2017 0 Comments
55+ Builder Confidence is Highest Yet

Builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2016 with a reading of 67, up eight points from the previous quarter, according to the NAHB 55+ Housing Market Index, released today. This is the highest reading since the inception of the index in 2008.

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Floorplan Showdown: Completely Open vs. Partially Open

Filed in Design, Economics, Home Building, Housing Trends by on February 1, 2017 0 Comments
Floorplan Showdown: Completely Open vs. Partially Open

Results from NAHB surveys of home buyers and home builders show that buyers have a strong preference for open floorplans, and that most builders are doing their best to create those open spaces for their clients. There are, however, some differences between what buyers are seeking and what builders are delivering.

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Highest Property Tax States are in the Northeast

Filed in Economics by on January 30, 2017 0 Comments
Highest Property Tax States are in the Northeast

New Jersey still leads the nation with the highest average annual real estate tax (RET) bill of $8,180 — $7,528 more than RETs paid by Alabama’s home owners, according to the 2015 American Community Survey.

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Key Building Materials Prices Far Surpassed Inflation in 2016

Filed in Economics by on January 27, 2017 1 Comment
Key Building Materials Prices Far Surpassed Inflation in 2016

Softwood lumber, oriented strand board (OSB), ready-mix concrete and gypsum products all posted price changes in 2016 well above the 1.3% average for the Consumer Price Index, according to the latest Producer Price index released by the Bureau of Labor Statistics.

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Top Concern for Builders Remains Unchanged in 2017

Filed in Economics, Home Building by on January 26, 2017 12 Comments
Top Concern for Builders Remains Unchanged in 2017

More than four out of five builders expect to face serious challenges regarding the cost and availability of labor in 2017, according to a recent survey of members that ran in the monthly NAHB/Wells Fargo Housing Market Index.

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New Home Sales Post Highest Yearly Total Since 2007

Filed in Economics by on January 26, 2017 0 Comments
New Home Sales Post Highest Yearly Total Since 2007

Sales of newly built, single-family homes rose 12.2% in 2016 to 563,000 units, the highest annual rate since 2007, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. New home sales fell 10.4% in December 2016 to a seasonally adjusted annual rate of 536,000 units.

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Remodelers Riding Wave of Steady Optimism

Filed in Economics, Remodelers by on January 19, 2017 1 Comment
Remodelers Riding Wave of Steady Optimism

The remodeling market has enjoyed a solid stretch of growth since 2011. And despite economists forecasting that growth will likely become more gradual in the years ahead, there remains a sense of confidence among most remodelers.

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