New Home Sales Post Strong Pace in October
Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 733,000 units in October, off strong upward revisions to the September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 9.6% higher than the same period in 2018.
New Single-Family Homes are Getting Smaller
New single-family home size trended lower in the third quarter of 2019, a pattern from recent years that is likely to continue as builders add more entry-level homes into inventory and the custom market levels off, according to NAHB Chief Economist Robert Dietz.
Construction Employment On the Rise Across Most of the Country
The construction industry gained 10,000 jobs in October, according to the latest data from the U.S. Bureau of Labor Statistics. Nearly half of those jobs (4,600) were gained in Florida. New York, meanwhile, lost 3,000 construction jobs last month.
HBA Skills-Building Event Attracts Future Workforce
Dallas Builders Association members face a familiar industry challenge. Members have too many job openings and too few qualified workers to fill them. To help motive and educate the next generation builders, the Dallas BA spearheaded a workforce development event at the Dallas Builders Show on Nov. 12.
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.
Preventing Fatigue on the Jobsite Key to Worker Safety
According to a survey of employers and workers by the National Safety Council last year, 69% of workers are tired at work, increasing the risk of injuries and accidents on the job. As the days get shorter and colder, home builders should consider proactive steps to combat fatigue on the jobsite.
“Building the Dream” Event Highlights Homeownership Gaps
Government officials and community stakeholders came together at NAHB’s recent kickoff of its “Building the Dream” series in Minneapolis to highlight how this crisis is being addressed at the local and state level to help bridge the gap for homeownership.
National Flood Insurance Program Extended Through Dec. 20
To prevent a government shutdown on Nov. 22, Congress has approved a continuing resolution that will keep the government funded for another month through Dec. 20.
Democratic Presidential Candidates Talk Housing Affordability
Democratic presidential candidates cited the need to increase housing production to ease America’s affordability crisis during a nationally televised debate last night in Atlanta.
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.
