Housing Trends

Supreme Court Opinion Allows CFPB to Keep Operating; President Can Remove the Director

Filed in Codes and Regulations, Housing Trends, Legal by on June 29, 2020 0 Comments
Supreme Court Opinion Allows CFPB to Keep Operating; President Can Remove the Director

In a ruling that will avoid disruptions to the nation’s mortgage and lending markets, the Supreme Court ruled today that the Consumer Financial Protection Bureau (CFPB) can continue operating but the president has the authority to remove the director “at will.”

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Fewer Builders Cutting Home Prices as a Result of the Pandemic

Filed in Economics, Housing Trends by on June 25, 2020 4 Comments
Fewer Builders Cutting Home Prices as a Result of the Pandemic

In a further sign that the housing rebound is gaining momentum, fewer builders are lowering home prices as a result of the COVID-19 pandemic. Last month’s HMI survey revealed that just 22% of builders nationwide cut prices in April 2020. This month’s survey reveals that the share of builders reducing prices to bolster sales dropped even lower in May, down to 15%. For historical context, 49% of builders cut prices in March 2008, in the midst of the last housing recession.

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Remodelers’ Profits Remain Flat

Filed in Economics, Housing Trends, Remodelers by on June 23, 2020 0 Comments
Remodelers’ Profits Remain Flat

The industry-average net profit margin for remodelers was 5.2% in 2018, essentially unchanged from the 5.3% reported in 2015, according to the latest Remodelers’ Cost of Doing Business Study. The report includes a nationwide survey of residential remodeling companies designed to produce profitability benchmarks for that segment of the construction industry.

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Multifamily Construction Makes Gains in Low Density Markets

Filed in Economics, Housing Trends, Multifamily by on June 9, 2020 0 Comments
Multifamily Construction Makes Gains in Low Density Markets

Over the past year, multifamily residential construction in suburban and rural areas has outpaced expansion in larger metropolitan areas, leading to changes in apartment construction market share. Single-family construction has also exhibited a similar trend, as illustrated in the latest quarterly NAHB Home Building Geography Index.

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IBS 2021 Show Home Boasts Spaciousness in an Urban Setting

IBS 2021 Show Home Boasts Spaciousness in an Urban Setting

Built within the densely populated Winter Park community of Orlando, The New American Home® 2021 will showcase many of the amenities today’s home buyers are seeking – most notably, a prime location.

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Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

The COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation – residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas. Multifamily development is also proceeding at a brisk pace in areas where education and health services dominate. These are among the findings of the latest quarterly NAHB Home Building Geography Index (HBGI).

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Explore Research Data on Popular New Home Features

Filed in Design, Education, Housing Trends by on May 25, 2020 3 Comments
Explore Research Data on Popular New Home Features

NAHB’s webinar It’s 2020—and THIS is What Buyers Want, scheduled on May 27, will explore the design and structural features of today’s new homes and highlight how consumer preferences have changed home design over the last two decades.

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More than 600,000 Construction Layoffs in March

More than 600,000 Construction Layoffs in March

The Bureau of Labor Statistics Job Openings and Labor Turnover Survey data reveals there were 618,000 layoffs in the construction sector in March, a striking increase over the 202,000 total in February and a 245% jump over the 179,000 count in March 2019. It is expected the count will rise even higher when the BLS releases its April data in June.

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Building Material Prices Post Record Monthly Decline in April

Filed in Economics, Home Building, Housing Trends by on May 15, 2020 3 Comments
Building Material Prices Post Record Monthly Decline in April

Prices paid for goods used in residential construction decreased 4.1% in April (not seasonally adjusted) — the largest monthly decline on record — according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The year-to-date decline (-5.4%) in residential construction inputs prices is more than three times larger than the previous record (-1.3% in 2009).

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Demand for Home Offices, Exercise Rooms Could Grow in Wake of Pandemic

Filed in Housing Trends by on May 13, 2020 0 Comments
Demand for Home Offices, Exercise Rooms Could Grow in Wake of Pandemic

Lockdown orders implemented across the United States to fight the spread of the coronavirus have given rise to more people working from home and engaging in other activities indoors that they would normally do in public spaces. With the major shift in where people spend their time, it is important to examine the data currently available on home buyers’ preferences for home offices and exercise rooms, as demand for these specialty rooms may grow.

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