Economics

55+ Housing Market Ends 4th Quarter on Record High

Filed in 55+ Housing, Economics by on February 1, 2018 0 Comments
55+ Housing Market Ends 4th Quarter on Record High

Builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 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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Softwood Lumber Prices Climb to Record Highs

Filed in Construction Industry, Economics by on January 30, 2018 7 Comments
Softwood Lumber Prices Climb to Record Highs

Prices have skyrocketed 30% since Hurricane Harvey hit last summer. The near-term outlook appears uncertain, as trade negotiations among the United States, Canada and Mexico seem to be at a stalemate.

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Tax Reform and HELOCs: What Now?

Filed in Codes and Regulations, Economics, Remodelers by on January 29, 2018 2 Comments
Tax Reform and HELOCs: What Now?

As the dust settles on last month’s tax reform debate, remodelers and their clients may see conflicting information about home equity credit lines (HELOCs) and second mortgages – traditionally, important funding sources for major home renovation work. Here’s a little clarity.

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New Home Sales Rise 8.3% Overall in 2017

Filed in Economics by on January 25, 2018 3 Comments
New Home Sales Rise 8.3% Overall in 2017

Sales of newly built, single-family homes fell 9.3% in December to a seasonally adjusted annual rate of 625,000 units, according to newly released data from HUD and the Census Bureau. Despite this monthly decline, new home sales rose 8.3% overall in 2017 to 608,000 units.

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Top Builder Challenges for 2018: Labor Access and Building Material Prices

Filed in Construction Industry, Economics by on January 19, 2018 3 Comments
Top Builder Challenges for 2018: Labor Access and Building Material Prices

The cost and availability of labor along with building material prices stand out as the two most significant problems builders expect to face in 2018, according to a recent survey of NAHB members. A whopping 84% of respondents cited these two issues as major challenges this year, and not surprisingly, these were the top two concerns cited by builders in 2017.

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Remodeling Market Indicators Hit High in 4th Quarter

Filed in Economics, Remodelers by on January 18, 2018 1 Comment
Remodeling Market Indicators Hit High in 4th Quarter

NAHB’s Remodeling Market Index posted a reading of 60 in the fourth quarter of 2017, up three points from the previous quarter and only the second time since 2001 that the reading has reached 60.

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Single-Family Sector Boosts Housing Production in 2017

Filed in Economics by on January 18, 2018 0 Comments
Single-Family Sector Boosts Housing Production in 2017

Nationwide housing starts fell 8.2% in December to a seasonally adjusted annual rate of 1.19 million units after an upwardly revised November reading, according to newly released data from HUD and the Commerce Department. The December numbers shows a return to trend after an especially strong November report, but overall 2017 saw significant gains in housing production

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Builder Confidence Remains Strong as New Year Starts

Filed in Economics by on January 17, 2018 6 Comments
Builder Confidence Remains Strong as New Year Starts

Builder confidence in the market for newly built single-family homes dropped two points to a level of 72 in January on the NAHB/Wells Fargo Housing Market Index (HMI) after reaching an 18-year high in December 2017.

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Multifamily Housing Production Enters Sustainable Phase

Filed in Economics, International Builders' Show, Multifamily by on January 10, 2018 0 Comments
Multifamily Housing Production Enters Sustainable Phase

Although multifamily housing starts are expected to slightly moderate this year and in 2019, production levels are projected to remain stable in a range considered normal, according to experts participating in a press conference today during the International Builders’ Show in Orlando.

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Residential Remodeling Spending Trends Upward

Residential Remodeling Spending Trends Upward

NAHB predicts continued growth for remodeling, largely due to below-normal rates of home building that has gradually led to an aging housing stock.

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