Tag: economics

Surge in Home Construction, Lumber Prices

Filed in Economics by on August 20, 2020 6 Comments
Surge in Home Construction, Lumber Prices

Residential construction is leading the economy, as housing demand remains strong and supply is tight. However, risks remain for the industry, especially regarding the quickly escalating prices for lumber.

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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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Pandemic Concerns Weaken Multifamily Builder and Developer Confidence

Filed in Economics, Multifamily by on May 21, 2020 0 Comments
Pandemic Concerns Weaken Multifamily Builder and Developer Confidence

Confidence in the market for new multifamily housing weakened significantly in the first quarter of 2020, according to results from the Multifamily Market Survey (MMS) released today by NAHB.

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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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