Tag: economics

2.4 Million Millennial-led Households are Missing

Filed in Economics by on July 13, 2018 0 Comments
2.4 Million Millennial-led Households are Missing

Just 40% of young adults led their own household in 2016, and that number has been dropping steadily since 2000 (46%). While all age groups recorded continuous declines of headship rates between 2000 and 2016, none saw a faster drop than the 25-to-34 year olds.

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Rising Prices of Lumber and Steel a ‘Terrible Downward Spiral’

Filed in Codes and Regulations, Economics by on May 17, 2018 0 Comments
Rising Prices of Lumber and Steel a ‘Terrible Downward Spiral’

Hefty tariffs on Canadian softwood lumber imports are causing lumber prices to skyrocket and making many home builders pray for a prolonged price plateau. Will it be long before more builders start using alternative materials such as steel?

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Trade Concerns Dampen Positive Housing Demand

Filed in Business Management, Economics by on April 16, 2018 2 Comments
Trade Concerns Dampen Positive Housing Demand

Worries over trade-related impacts on the U.S. economy have proliferated throughout the housing industry. Most notably, tariffs on Canadian softwood lumber have triggered significant jumps in lumber prices.

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Construction Employment is Rising, but Not Fast Enough

Construction Employment is Rising, but Not Fast Enough

A recent comparison of employment data depicts a positive trend: The number of residential construction workers has steadily — though modestly — increased every year since 2011.

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Low Inventory Intensifies Housing Demand in 2018

Filed in Business Management, Economics by on March 29, 2018 0 Comments
Low Inventory Intensifies Housing Demand in 2018

A lack of existing home inventory continues to drive growth for residential construction and sustain strong home-builder confidence — now hovering near a two-decade high.

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2018 Sees the First of Several Rate Hikes

Filed in Economics by on March 22, 2018 0 Comments
2018 Sees the First of Several Rate Hikes

The Federal Reserve raised the federal funds rate this month. At least three rate hikes are expected this year, three more in 2019, and at least two in 2020.

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Starts and Sales Tell Two Tales

Filed in Economics by on March 1, 2018 0 Comments
Starts and Sales Tell Two Tales

While total housing starts posted strong gains in January, new home sales numbers were somewhat disappointing. NAHB Chief Economist Robert Dietz shares more insights in a recent overview of the housing industry.

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Home Shoppers, Start Your Engines – It Could Take a While

Filed in Economics, Homeownership by on February 15, 2018 1 Comment
Home Shoppers, Start Your Engines – It Could Take a While

A national poll conducted by NAHB found 61% of prospective home buyers have been trying to find a home to buy for at least three months. Those who were polled cited several reasons for their prolonged search.

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Driverless Cars Might Intersect with Housing Industry

Filed in Economics, Technology by on February 12, 2018 4 Comments
Driverless Cars Might Intersect with Housing Industry

Self-driving cars are becoming a reality, and a new NAHB survey shows how they could potentially impact prospective home buyers.

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Millennials Lead the Homeownership Resurgence

Filed in Economics, Homeownership by on February 6, 2018 0 Comments
Millennials Lead the Homeownership Resurgence

Momentum continues to build for the housing industry, as evidenced by recent news from the U.S. Census Bureau regarding homeownership.

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