Economics

New Home Sales Pull Back in July After Strong Spring Buying Season

Filed in Economics by on August 23, 2017 1 Comment
New Home Sales Pull Back in July After Strong Spring Buying Season

Sales of newly built, single-family homes in July fell 9.4% to a seasonally adjusted annual rate of 571,000 units from an upwardly revised June reading, according to newly released data by HUD and the U.S. Census Bureau. This was the lowest sales reading since December 2016. Meanwhile, year-to-date, new home sales are 9.2% above their level over the same period last year.

Continue Reading »

Use NAHB’s Marketing Data to Eclipse Your Competition

Filed in Business Management, Economics, Remodelers by on August 21, 2017 0 Comments
Use NAHB’s Marketing Data to Eclipse Your Competition

As Monday’s total eclipse draws near, it’s too late for communities in the Path of Totality (100% coverage) to remodel to accommodate all their extra guests. But we thought it’d be fun to use our Remodeling Expenditures by ZIP Code marketing intelligence data set to show what some areas who’ll get the best view are […]

Continue Reading »

Short-Term Window in Collecting Canadian Lumber Duties Could Boost Market

Filed in Economics by on August 17, 2017 1 Comment
Short-Term Window in Collecting Canadian Lumber Duties Could Boost Market

In what could be a positive development in the ongoing U.S.-Canadian lumber dispute, countervailing duties on Canadian lumber shipments into the U.S. will be temporarily suspended between Aug. 26 and Sept. 6. While no one can predict with any certainty how this will affect lumber prices, the lumber futures market is anticipating that this development could temporarily moderate the cost of lumber.

Continue Reading »

Single-Family Starts Hold Steady in July

Filed in Economics, Home Building, Multifamily by on August 16, 2017 0 Comments
Single-Family Starts Hold Steady in July

Nationwide housing starts fell 4.8% in July to a seasonally adjusted annual rate of 1.16 million units, according to newly released data from HUD and the Commerce Department. Single-family production slipped 0.5% in July to a seasonally adjusted annual rate of 856,000 after a strong, upwardly revised June reading.

Continue Reading »

Builder Confidence Springs Back with 4-Point August Jump

Filed in Economics, Home Building by on August 15, 2017 0 Comments
Builder Confidence Springs Back with 4-Point August Jump

The NAHB/Wells Fargo Housing Market Index rose four points in August to 68. “Our members are encouraged by rising demand in the new-home market,” said NAHB Chairman Granger MacDonald. “This is due to ongoing job and economic growth, attractive mortgage rates and growing consumer confidence.”

Continue Reading »

Housing Affordability Inches Lower in 2nd Quarter

Filed in Economics, Sales & Marketing by on August 10, 2017 0 Comments
Housing Affordability Inches Lower in 2nd Quarter

Rising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

Continue Reading »

Housing Market Continues to Make Gains, Though Permits Fail to Keep Pace

Filed in Construction Industry, Economics by on August 7, 2017 0 Comments
Housing Market Continues to Make Gains, Though Permits Fail to Keep Pace

In a further sign that the housing sector is continuing to gain momentum, nearly 300 markets nationwide posted an increase in economic and housing activity from the first to the second quarter, according to the NAHB/First American Leading Markets Index released today.

Continue Reading »

55+ Builder Confidence Strengthens in 2nd Quarter

Filed in Councils & Committees, Economics by on August 3, 2017 0 Comments
55+ Builder Confidence Strengthens in 2nd Quarter

Builder confidence in the single-family 55+ housing market strengthened in the second quarter of 2017 with a reading of 66, up 11 points from the previous quarter, according to the NAHB 55+ Housing Market Index, released today. This is the 13th consecutive quarter with a reading above 50, which means that more builders view conditions as good than poor.

Continue Reading »

Higher Loan Limits a Catalyst for Home Sales

Filed in Economics, Homeownership, Housing Finance by on July 31, 2017 0 Comments
Higher Loan Limits a Catalyst for Home Sales

Affordability is a top concern for more home shoppers. That’s why last year NAHB helped push for higher limits on single-family loans. Increasing the limits has resulted in lower borrowing costs for home buyers, and helped spur home sales thus far in 2017.

Continue Reading »

New Home Sales Edge Higher in June

Filed in Economics by on July 26, 2017 7 Comments
New Home Sales Edge Higher in June

Sales of newly built, single-family homes in June inched up 0.8% to a seasonally adjusted annual rate of 610,000 units from a downwardly revised May reading, according to newly released data by HUD and the U.S. Census Bureau.

Continue Reading »

Advertisement