Economics

NAHB Podcast: Builders Should Drive Codes Development

Filed in Codes and Regulations, Economics by on November 22, 2019 1 Comment
NAHB Podcast: Builders Should Drive Codes Development

NAHB CEO Jerry Howard and Chief Lobbyist Jim Tobin discuss the building codes development process with guest Anne Anderson of Green Mountain Engineering, an NAHB member and a voting member of the International Codes Council.

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Multifamily Builder and Developer Confidence Weakens Slightly in Third Quarter

Filed in Economics, Multifamily by on November 21, 2019 0 Comments
Multifamily Builder and Developer Confidence Weakens Slightly in Third Quarter

Confidence in the market for new multifamily housing weakened slightly in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by NAHB.

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Is Townhouse Construction Ready for a Resurgence?

Filed in Economics by on November 20, 2019 0 Comments
Is Townhouse Construction Ready for a Resurgence?

Townhouse construction was relatively flat in the third quarter of 2019 and may be nearing the end of a recent slowdown, according to an NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design.

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Single-Family Construction Continues to Make Steady Gains in October

Filed in Economics by on November 19, 2019 0 Comments
Single-Family Construction Continues to Make Steady Gains in October

Total housing starts increased 3.8 percent in October to a seasonally adjusted annual rate of 1.31 units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

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Builder Confidence Holds Firm in November

Filed in Economics by on November 18, 2019 0 Comments
Builder Confidence Holds Firm in November

Builder confidence in the market for newly built single-family homes edged one point lower to 70 in November, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The past two months mark the highest sentiment levels in 2019.

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Millennials Most Likely Generation to Consider Buying a Home Within the Next Year

Filed in Economics, Homeownership, Housing Trends by on November 14, 2019 3 Comments
Millennials Most Likely Generation to Consider Buying a Home Within the Next Year

Only 12% of adults are considering the purchase of a home within the next 12 months, according to NAHB’s Housing Trends Report for the third quarter of 2019. This share of prospective home buyers is essentially unchanged from where it stood a year earlier, at 13%.

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Lot Values Hit Record Highs

Filed in Economics, Home Building, Housing Trends, Land Development by on November 12, 2019 7 Comments
Lot Values Hit Record Highs

Median single-family lot prices in 2018 outpaced inflation (4.4% vs 2.4%) and reached a new record high, with half of the lots selling at or above $49,500, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data.

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Top Bathroom Features Among Millennial Home Buyers

Filed in Economics, Housing Trends by on November 8, 2019 7 Comments
Top Bathroom Features Among Millennial Home Buyers

A recent report published by NAHB reveals the top bathroom features wanted by millennials. The study also reveals a wide disparity between millennials and seniors regarding certain bathroom amenities.

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Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years

Filed in Affordability, Economics by on November 7, 2019 0 Comments
Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years

With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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55+ Housing Market Ticks Back Up to Record High

Filed in Economics, Multifamily by on October 31, 2019 0 Comments
55+ Housing Market Ticks Back Up to Record High

Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72, 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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