Tag: Eye on Housing

Lumber Shortages Encumber More Builders

Filed in Economics by on July 12, 2017 0 Comments
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.

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Home Buying a Strong Boost to Overall Economy, NAHB Study Shows

Filed in Economics, Home Building by on July 6, 2017 1 Comment
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.

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Housing Demand in the Southeast Finds a ‘New Normal’

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.

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Finance Changes Shaping the Housing Market

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.

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Remodeling Expenditure Estimates Revealed for 2017

Filed in Economics, Remodelers by on May 31, 2017 1 Comment
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.

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Slow but Steady Growth for Housing

Filed in Economics by on May 19, 2017 0 Comments
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.

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Tight Inventory, Rising Costs Shape Building Industry

Filed in Construction Industry, Economics by on May 5, 2017 0 Comments
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.

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New Home Sales in March Continue Upward Trend

Filed in Economics, Home Building by on April 25, 2017 0 Comments
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.

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More Builders Banking on Small Banks

Filed in Business Management, Economics, Housing Finance by on April 21, 2017 0 Comments
More Builders Banking on Small Banks

The portion of residential construction loans has steadily grown for the smaller banks each year since 2012.

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Single-Family Production Falls in March after Strong February

Filed in Economics by on April 18, 2017 0 Comments
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, […]

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