Tag: Eye on Housing
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, […]
Home builders are increasingly concerned with the now-expired Softwood Lumber Agreement. The uncertainty surrounding a new trade agreement is impacting businesses on both sides of the border, as it was the primary culprit behind the surging lumber prices so far this year.
Results from NAHB surveys of home buyers and home builders show that buyers have a strong preference for open floorplans, and that most builders are doing their best to create those open spaces for their clients. There are, however, some differences between what buyers are seeking and what builders are delivering.
More than four out of five builders expect to face serious challenges regarding the cost and availability of labor in 2017, according to a recent survey of members that ran in the monthly NAHB/Wells Fargo Housing Market Index.
A sharp decline in multifamily starts pushed overall housing production down 18.7% in November to a seasonally adjusted annual rate of 1.09 million units, according to newly released data from HUD and the Commerce Department. Overall permit issuance was also down 4.7%. “Year-to-date, single-family starts are up 9.6% and the overall trend in this sector […]
NAHB economists recently determined that for every $1,000 increase in the cost of today’s median-priced home, nearly 153,000 American households are “priced out” and would no longer be able to afford it.