Economics

Builders Report Labor Shortages as Top Challenge in 2019

Filed in Economics, Labor, Safety and Health by on March 22, 2019 21 Comments
Builders Report Labor Shortages as Top Challenge in 2019

More than four out of five builders expect to face serious challenges regarding the cost and availability of labor in 2019, according to a recent survey of members that ran in the monthly NAHB/Wells Fargo Housing Market Index.

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Local HBA Economic and Housing Stats Online Tool Available

Filed in Economics by on March 21, 2019 0 Comments
Local HBA Economic and Housing Stats Online Tool Available

NAHB updated an online tool that makes it easy for HBAs to compare local housing markets. The tool provides economic and housing market statistics for all HBAs and covers 12 key economic and demographic statistics. This unique feature allows HBAs to compare local housing markets to other associations, state and/or national figures. The statistics provided […]

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Builder Confidence Holds Steady in March

Filed in Economics by on March 18, 2019 0 Comments
Builder Confidence Holds Steady in March

Builder confidence in the market for newly built single-family homes holds firm in March, a sign that the market is stabilizing following the slowdown at the end of 2018.

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January New Home Sales Demonstrate Demand for Affordable Homes

Filed in Economics by on March 14, 2019 1 Comment
January New Home Sales Demonstrate Demand for Affordable Homes

The latest new home sales report from the government indicates an increasing demand for homes sold in an affordable price range. In January 2019, 66% of all new single-family home sales were priced between $200,000 to $400,000 vs. 51% in January 2018.

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Housing Starts Rebound in January

Filed in Economics by on March 8, 2019 0 Comments
Housing Starts Rebound in January

Total housing starts rose 18.6% in January to a seasonally adjusted annual rate of 1.23 million units from a downwardly revised reading in December, according to a report from the U.S. Housing and Urban Development and Commerce Department that was delayed due to the partial government shutdown.

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A Wide Disparity in State Property Taxes

Filed in Economics by on March 8, 2019 5 Comments
A Wide Disparity in State Property Taxes

There is nearly an $8,000 difference between what residents of the state with the highest property taxes pays compared to those who live in the state with the lowest rate. Find out where your state stands.

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Why Do Home Buyers Move?

Filed in Economics, Housing Trends by on March 7, 2019 0 Comments
Why Do Home Buyers Move?

NAHB used data from the 2017 American Housing Survey to provide insight on why first-time home buyers move compared to trade-up buyers.

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New Home Sales End the Year Up 1.5%

Filed in Economics, Home Building by on March 5, 2019 1 Comment
New Home Sales End the Year Up 1.5%

Sales of newly built, single-family homes posted a yearly gain of 1.5 percent in 2018, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The December sales numbers rose 3.7 percent to a seasonally adjusted annual rate of 621,000 units after a downwardly revised November report.

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Housing Starts Down 11.2% in December; Post Yearly Gain

Filed in Economics by on February 26, 2019 2 Comments
Housing Starts Down 11.2% in December; Post Yearly Gain

Housing starts fell 11.2% in December to a seasonally adjusted annual rate of 1.08 million units, according to a report from the U.S. Department of Housing and Urban Development and the Commerce Department that was delayed due to the partial government shutdown. Multifamily starts fell 20.4% to a seasonally adjusted annual rate of 320,000 units, while single-family production posted a 6.7% decline to 758,000 units.

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Energy Efficiency and Indoor Air Quality Top Buyers’ Green Preferences

Energy Efficiency and Indoor Air Quality Top Buyers’ Green Preferences

When buyers think of a green home, they think of features that will first save energy and second improve the quality of the air in the home, according survey results released today by NAHB at the International Builders’ Show.

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