Tag: Eye on Housing
Lumber Shortages Encumber More Builders
Home builders across the country were getting hammered by skyrocketing lumber prices earlier this year. And now, more of them are reporting lumber supply shortages, too. More than 1 in 5 single-family builders say they are experiencing a shortage of framing lumber.
Home Buying a Strong Boost to Overall Economy, NAHB Study Shows
In their first year of ownership, new home buyers spend about $10,601 on appliances, furnishings and home improvement projects — 2.6 times as much as other home owners in a typical year.
Housing Demand in the Southeast Finds a ‘New Normal’
It’s been an up-and-down year thus far in the Southeast U.S. for home building. But May sales numbers indicate the region is finding its sweet spot.
Finance Changes Shaping the Housing Market
In his remarks in the latest issue of Eye on the Economy, NAHB Chief Economist Robert Dietz provided his insights on the state of the economy as it relates to the home building industry, highlighting changes in interest rates, loan availability and housing demand.
Remodeling Expenditure Estimates Revealed for 2017
Home owners who remodel in 2017 will spend an average of $6,148 on each project, according to NAHB’s recent projections of spending by ZIP code for each of over 26,000 ZIP codes across the United States.
Slow but Steady Growth for Housing
NAHB Chief Economist Robert Dietz provides a brief overview of the housing market in the latest issue of Eye on the Economy.
Tight Inventory, Rising Costs Shape Building Industry
A strong month for home sales in March reinforced the trend of positive housing demand. However, builders continue reporting scarce availability of labor and lots. And the recently announced 20% tariff on Canadian softwood lumber could have a significant, negative impact.
New Home Sales in March Continue Upward Trend
Sales of newly built, single-family homes rose for the third straight month, increasing 5.8% in March to a seasonally adjusted annual rate of 621,000 units, according to newly released data from HUD and the Census Bureau.
More Builders Banking on Small Banks
The portion of residential construction loans has steadily grown for the smaller banks each year since 2012.
Single-Family Production Falls in March after Strong February
Nationwide housing starts fell 6.8% in March to a seasonally adjusted annual rate of 1.22 million units, according to newly released data from HUD and the Commerce Department. Still, new housing production in the first quarter of this year is running 8.1% above the 2016 pace. “Today’s numbers are aligned with our builder confidence metric, […]
