Tag: Eye on Housing

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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Number of Unfilled Construction Jobs Remains High Despite Some Progress

Filed in Economics by on December 20, 2019 0 Comments
Number of Unfilled Construction Jobs Remains High Despite Some Progress

The estimated number of construction jobs open in October was 311,000, down from a September total of 327,000 and April’s post-Great Recession high of 434,000, according to the latest U.S. BLS JOLTS data.

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New Single-Family Homes are Getting Smaller

Filed in Design, Economics by on November 25, 2019 1 Comment
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.

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Construction Employment On the Rise Across Most of the Country

Filed in Economics by on November 25, 2019 0 Comments
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.

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Is Townhouse Construction Ready for a Resurgence?

Filed in Economics by on November 20, 2019 0 Comments
Is Townhouse Construction Ready for a Resurgence?

Townhouse construction was relatively flat in the third quarter of 2019 and may be nearing the end of a recent slowdown, according to an NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design.

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Fed Hints at Wait-and-See Approach to 2019 Interest Rates

Filed in Economics by on December 14, 2018 0 Comments
Fed Hints at Wait-and-See Approach to 2019 Interest Rates

Federal Reserve officials recently signaled a more data-dependent approach to monetary policy in 2019. NAHB economists forecast a more dovish path for the federal funds rate than many others had predicted earlier this year.

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Entry-Level Homes Push Down New Home Size

Filed in Economics, Trends by on November 27, 2018 6 Comments
Entry-Level Homes Push Down New Home Size

The size of new single-family homes once again decreased during the third quarter of 2018. New home size has been falling over the last three years as builders add more entry-level home construction into inventory.

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Housing Starts Rise in August Amid Ongoing Affordability Concerns

Filed in Economics, Multifamily by on September 19, 2018 0 Comments
Housing Starts Rise in August Amid Ongoing Affordability Concerns

Total housing starts increased 9.2% in August to a seasonally adjusted annual rate of 1.28 million units, according to newly released data from HUD and the Commerce Department.

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Shortage of Rough Carpenters Climbs to Record High

Filed in Economics by on September 17, 2018 19 Comments
Shortage of Rough Carpenters Climbs to Record High

Widespread shortages continue to restrain the pace of construction, further driving up construction costs, which largely — for the moment — are being absorbed by the home buyer.

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More Builders’ Profits Taking a Hit from Labor Shortages

Filed in Business Management, Economics by on September 13, 2018 7 Comments
More Builders’ Profits Taking a Hit from Labor Shortages

While the increasing cost of labor is resulting in higher home prices for buyers, a growing number of builders are also feeling the pinch.

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