Tag: Eye on the Economy

Supply Constraints Hinder Sales and Affordability

Filed in Business Management, Economics by on August 3, 2018 4 Comments
Supply Constraints Hinder Sales and Affordability

A dearth of inventory has resulted in price growth, making prospective home buyers more cautious about a potential purchase.

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Builders Say Lumber Tops Labor as Biggest Challenge

Filed in Business Management, Economics, Trade by on May 25, 2018 5 Comments
Builders Say Lumber Tops Labor as Biggest Challenge

In his bi-weekly overview of the housing market, NAHB’s chief economist describes the most serious headwind facing housing markets today: the escalation of framing lumber prices — up 59% since the start of 2017.

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Low Inventories Pushing Prices Higher

Filed in Economics by on April 26, 2018 0 Comments
Low Inventories Pushing Prices Higher

As result of limited supply, solid demand and rising construction costs, home prices continue to exceed income growth and have now increased more than 6% over the last year.

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Housing Industry Could Get ‘Choppy’ in the Months Ahead

Filed in Economics by on October 6, 2017 1 Comment
Housing Industry Could Get ‘Choppy’ in the Months Ahead

Despite ongoing positive market conditions, recent home sales data have come in below expectations. And the economic impacts of hurricanes Harvey and Irma will surface in the months ahead.

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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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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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Fed Raises Interest Rates

Filed in Economics by on December 15, 2016 0 Comments
Fed Raises Interest Rates

For just the second time since the Great Recession, the Federal Reserve increased its target for the federal funds rate by 25 basis points. While still low, rates are likely to continue a gradual ascent in the years ahead. The current outlook is for three additional rate hikes in 2017.

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