Economics

Housing Affordability Holds Steady on a Year-Over-Year Basis

Filed in Economics by on May 9, 2019 0 Comments
Housing Affordability Holds Steady on a Year-Over-Year Basis

Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019. However, affordability is roughly the same as it was a year ago.

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55+ Housing Market Opens First Quarter with Record High

Filed in Economics, Home Building by on May 2, 2019 0 Comments
55+ Housing Market Opens First Quarter with Record High

Builder confidence in the single-family 55+ housing market continued to strengthen in the first quarter of 2019 with a reading of 72, up six points from the previous quarter, according to NAHB’s 55+ Housing Market Index (HMI) released today. This is the highest reading since the inception of the index in 2008.

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Recent Evidence of Housing’s Affordability Struggle

Filed in Economics by on April 26, 2019 0 Comments
Recent Evidence of Housing’s Affordability Struggle

NAHB’s chief economist describes how despite several positive factors — low unemployment, solid household formations, accelerating income growth and lower mortgage interest rates — high housing prices continue to hold back sales volume growth.

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Getting to the Bottom Line: How Much Do Remodelers Make?

Filed in Economics, Remodelers by on April 25, 2019 0 Comments
Getting to the Bottom Line: How Much Do Remodelers Make?

NAHB is currently surveying all of its remodeler members to provide them with reliable benchmarks on the profitability of the remodeling business. Remodelers can use this data to compare their business to others, pinpoint improvement opportunities and set budget targets.

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Lower Interest Rates Help Boost March New Home Sales

Filed in Economics, Home Building by on April 23, 2019 0 Comments
Lower Interest Rates Help Boost March New Home Sales

Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 692,000 units in March after a slightly revised February report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since November 2017.

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Housing Starts Decline in March

Filed in Economics by on April 19, 2019 2 Comments
Housing Starts Decline in March

Despite signs of stabilizing confidence in the marketplace, housing affordability continues to be a concern as the pace of housing construction weakened last month.

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Home Building Employment Across States and Congressional Districts

Filed in Capitol Hill, Economics, Home Building by on April 18, 2019 0 Comments
Home Building Employment Across States and Congressional Districts

A new NAHB study presents the most recent and comprehensive estimates of home building employment, including self-employed workers, by state and congressional district.

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Remodelers’ Confidence Falls Three Points in First Quarter

Filed in Economics, Remodelers by on April 18, 2019 0 Comments
Remodelers’ Confidence Falls Three Points in First Quarter

NAHB’s Remodeling Market Index (RMI) posted a reading of 54 in the first quarter of 2019, falling three points from the previous quarter. The RMI has been consistently above 50 — indicating that more remodelers report market activity is higher compared to the prior quarter than report it is lower — since the second quarter of 2013. The overall RMI averages current remodeling activity and future indicators.

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Small vs. Large Homes: How Do Major Living Spaces Stack Up?

Filed in Design, Economics, Housing Trends by on April 16, 2019 0 Comments
Small vs. Large Homes: How Do Major Living Spaces Stack Up?

A new study from NAHB measures the amount of space of each room in the average new home, and compares percentages of square footage based on the size of the home.

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Builder Confidence Edges Higher in April

Filed in Economics by on April 16, 2019 0 Comments
Builder Confidence Edges Higher in April

Builder confidence in the market for newly-built single-family homes rose one point to 63 in April, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in the low 60s for the past three months.

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