Tag: NAHB Chief Economist Robert Dietz

Housing Stands Poised to Lead a Recovery

Filed in Disaster Response, Economics by on May 29, 2020 2 Comments
Housing Stands Poised to Lead a Recovery

With one major exception, this week’s housing data showed some signs of stabilization after an effective two-month pause for major portions of the U.S. economy. While most indicators are down year-over-year, there are hints of a rebound in the data, provided businesses can continue to reopen as the virus slows its growth.

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Housing Data Hint at Potential for Economic Recovery

Housing Data Hint at Potential for Economic Recovery

NAHB Chief Economist Robert Dietz looks at the economic data that came out during the week of May 18 and examines how that is effecting the housing market. Despite the weak numbers, Dietz states that the notable resiliency of housing demand amid historic job losses is an indicator of the potential of the housing sector to help the lead the economy in an eventual rebound.

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Economic Hopes and Concerns as States Reopen

Economic Hopes and Concerns as States Reopen

As many states move to a phased reopening of local economies, this is a key moment to prove that economic activity can occur while also limiting the spread of the virus through less intense mitigation efforts.

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Historic Job Losses in April

Filed in Economics by on May 8, 2020 0 Comments
Historic Job Losses in April

Employment plunged in April, with a record total of 20.5 million jobs lost for the month. The unemployment rate increased to 14.7%. This level of loss and the unemployment rate are post-World War II highs, and represent a partial reflection of the 33.5 million jobless claims that have been filed over the last seven weeks.

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NAHB Expects 10% Unemployment Rate at Year-End

Filed in Disaster Response, Economics, Housing Trends by on May 1, 2020 0 Comments
NAHB Expects 10% Unemployment Rate at Year-End

Incoming macroeconomic data detail the economic damage the shutdown of the U.S. economy is having on households and businesses. Moves to gradually open up parts of the economy are responsible for a recent lifting of economic spirits and gains for the stock market itself. While risks remain — particularly of a W-shaped recovery that features recurring regional outbreaks of the virus — once markets get past the April and May data, an improved outlook should be on the horizon.

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Total Jobless Claims Reach 26 Million as Housing Data Weaken

Filed in Economics by on April 24, 2020 0 Comments
Total Jobless Claims Reach 26 Million as Housing Data Weaken

NAHB Chief Economist Robert Dietz provides the latest weekly analysis on the effects of the COVID-19 pandemic.

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