Tag: economics

Single-Family Market Grateful for Lower Rates

Filed in Economics by on December 4, 2019 0 Comments
Single-Family Market Grateful for Lower Rates

The single-family housing market rebound continues, largely thanks to lower mortgage interest rates. Because of the lower cost of home buying, most housing metrics have improved in recent months.

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New Home Sales Remain Stable in September

Filed in Economics by on October 24, 2019 0 Comments
New Home Sales Remain Stable in September

Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 701,000 units in September off a downwardly revised reading in August, 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 7.2% higher than the same period in 2018.

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55+ Housing Market Remains Solid in Second Quarter

Filed in 55+ Housing, Economics by on August 1, 2019 0 Comments
55+ Housing Market Remains Solid in Second Quarter

Builder confidence in the single-family 55+ housing market remained solid in the second quarter with a reading of 71, edging down one point from the previous quarter due to softness in traffic of prospective buyers, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today.

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Economic Uncertainty Curbs Housing Growth

Filed in Economics by on July 3, 2019 0 Comments
Economic Uncertainty Curbs Housing Growth

In his recent overview of current housing market conditions, NAHB Chief Economist Robert Dietz illustrates how lower interest rates alone are not sufficient to tackle current housing affordability headwinds.

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Recent Evidence of Housing’s Affordability Struggle

Filed in Economics by on April 26, 2019 0 Comments
Recent Evidence of Housing’s Affordability Struggle

NAHB’s chief economist describes how despite several positive factors — low unemployment, solid household formations, accelerating income growth and lower mortgage interest rates — high housing prices continue to hold back sales volume growth.

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Housing Starts Decline in March

Filed in Economics by on April 19, 2019 2 Comments
Housing Starts Decline in March

Despite signs of stabilizing confidence in the marketplace, housing affordability continues to be a concern as the pace of housing construction weakened last month.

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Solid Growth for New Homes Sales

Filed in Economics by on March 29, 2019 1 Comment
Solid Growth for New Homes Sales

Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 667,000 units in February. This is the highest sales pace since March 2018.

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How Affordable are Homes in Your Area?

Filed in Economics, Homeownership by on February 15, 2019 0 Comments
How Affordable are Homes in Your Area?

A new feature of the NAHB Housing Portal — a free, interactive, online resource filled with information about the impact of housing — helps illustrate the severity of declining affordability at the national, state and local levels.

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Housing Affordability is an Issue for All Age Groups

Filed in Economics, Housing Trends by on February 11, 2019 8 Comments
Housing Affordability is an Issue for All Age Groups

NAHB’s latest quarterly Housing Trends Report shows that prospective home buyers in all age categories are wrestling with affordability issues.

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Nearly 24,000 Residential Construction Jobs Added in January

Filed in Economics, Labor, Safety and Health by on February 5, 2019 2 Comments
Nearly 24,000 Residential Construction Jobs Added in January

Last month, residential construction saw the greatest gain in employment since February 2018, following strong growth in December.

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