Economics

Builder Confidence in the 55+ Housing Market Bounces Back in Second Quarter

Filed in 55+ Housing, Economics by on July 30, 2020 3 Comments
Builder Confidence in the 55+ Housing Market Bounces Back in Second Quarter

Builder confidence in the single-family 55+ housing market bounced back in the second quarter, jumping 27 points to 65, according to the NAHB 55+ Housing Market Index (HMI) released today.

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Low Mortgage Rates Pushing Prospective Buyers Off the Fence

Filed in Economics by on July 29, 2020 1 Comment
Low Mortgage Rates Pushing Prospective Buyers Off the Fence

Of the 11% of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home, according to the latest quarterly Housing Trends Report.

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Affordability Expectations Show Slight Improvement

Filed in Economics, Housing Affordability by on July 28, 2020 1 Comment
Affordability Expectations Show Slight Improvement

Just 24% of prospective buyers can afford at least half the homes available in their markets, according to the second quarter of 2020’s Housing Trends Report. 

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A Housing Upturn as Concerns Grow for Lumber, Material Costs

Filed in Disaster Response, Economics by on July 24, 2020 4 Comments
A Housing Upturn as Concerns Grow for Lumber, Material Costs

The remarkably strong data for home construction has continued in recent weeks. However, for builders, access issues and delivery delays for building materials are increasingly yielding higher prices.

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New Home Sales Reach Highest Level Since Great Recession

Filed in Economics by on July 24, 2020 2 Comments
New Home Sales Reach Highest Level Since Great Recession

In a sign that the housing market is leading the economy during the coronavirus outbreak, sales of newly built, single-family homes rose to their highest level since the Great Recession, up 13.8% to a seasonally adjusted annual rate of 776,000 units in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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A Vital Lifeline for the Production of Affordable Housing

Filed in Economics, Housing Affordability, Multifamily by on July 23, 2020 4 Comments
A Vital Lifeline for the Production of Affordable Housing

The Low-Income Housing Tax Credit (LIHTC) plays a critical role in the housing market by ensuring a supply of attainable rental housing. And with the nation in the midst of a housing affordability crisis and struggling with the COVID-19 pandemic, the LIHTC is more important than ever.

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Home Purchase Plans Little Changed by COVID-19

Filed in Economics by on July 22, 2020 2 Comments
Home Purchase Plans Little Changed by COVID-19

The share of Americans who are considering the purchase of a home in the next 12 months was 11% in the second quarter of 2020, essentially flat when compared to the same quarter in 2019 (12%), according to NAHB’s latest Housing Trends Report.

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New Freddie Mac Study Reveals Growing Interest in ADUs

Filed in Economics, Housing Affordability by on July 22, 2020 0 Comments
New Freddie Mac Study Reveals Growing Interest in ADUs

Using the 1997-2019 Multiple Listing Service (MLS) transactions data, a new Freddie Mac study identified 1.4 million properties with ADUs in the United States. The South and West are the fastest growing regions for ADUs, with top markets including Portland, Dallas, Seattle, Los Angeles and Miami.

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Housing in Opportunity Zones

Filed in Land Development, Tax Reform by on July 17, 2020 0 Comments
Housing in Opportunity Zones

Opportunity Zones (OZs) are an economic development tool created by the federal government in the 2017 Tax Cuts and Jobs Act. Here are some examples of successful OZ projects across the country.

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Single-Family Starts and Permits Post Double-Digit Gains in June

Filed in Economics, Multifamily by on July 17, 2020 1 Comment
Single-Family Starts and Permits Post Double-Digit Gains in June

Led by solid single-family production, total housing starts increased 17.3% in June to a seasonally adjusted annual rate of 1.19 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

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