Economics

Builder Confidence Holds Firm in July

Filed in Economics by on July 16, 2019 1 Comment
Builder Confidence Holds Firm in July

Builder confidence in the market for newly-built single-family homes rose one point to 65 in July, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. This marks the sixth consecutive month that sentiment levels have held at a steady range in the low- to mid-60s.

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NAHB Webinar Explores Economic Conditions for Multifamily Sector

Filed in Economics, Multifamily by on July 10, 2019 0 Comments
NAHB Webinar Explores Economic Conditions for Multifamily Sector

NAHB Chief Economist Robert Dietz will present the latest economic and housing data affecting the multifamily home building sector during the Multifamily Housing Economic Outlook Webinar scheduled for Thursday, July 18, 2-3 p.m. ET.

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Economic Uncertainty Curbs Housing Growth

Filed in Economics by on July 3, 2019 0 Comments
Economic Uncertainty Curbs Housing Growth

In his recent overview of current housing market conditions, NAHB Chief Economist Robert Dietz illustrates how lower interest rates alone are not sufficient to tackle current housing affordability headwinds.

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Harvard Study Shows U.S. Housing Production is Lagging Far Behind Demand

Harvard Study Shows U.S. Housing Production is Lagging Far Behind Demand

Despite a solid economy, rising wages and household growth that is now back from post-recession lows, new home construction remains depressed, due to supply-side challenges that are making it increasingly more difficult to build at affordable price points.

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New Home Sales Decline in May

Filed in Economics by on June 25, 2019 3 Comments
New Home Sales Decline in May

Sales of newly built, single-family homes fell 7.8% to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis however, new home sales for 2019 are 4% higher than the same period in 2018.

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Housing Starts Relatively Flat Off of Strength in Multifamily Sector

Filed in Economics by on June 18, 2019 1 Comment
Housing Starts Relatively Flat Off of Strength in Multifamily Sector

Total housing starts declined 0.9% in May to a seasonally adjusted annual rate of 1.27 million units from an upwardly revised reading in April, according to a report from the U.S. Housing and Urban Development and Commerce Department.

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Builder Confidence Solid in June Amidst Growing Economic Uncertainty

Filed in Economics by on June 17, 2019 2 Comments
Builder Confidence Solid in June Amidst Growing Economic Uncertainty

Builder confidence in the market for newly-built single-family homes fell two points to 64 in June, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held at a solid range in the low- to mid-60s for the past five months.

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A Top Barrier to Homeownership May Be Easing

A Top Barrier to Homeownership May Be Easing

A recent Eye on Housing blog post revealed that 53% of buyers actively searching for a home to buy in the first quarter of 2019 have been looking unsuccessfully for at least three months. View the top reasons why is it taking these buyers so long to pull the trigger.

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Unfilled Construction Jobs at Post-Recession High

Unfilled Construction Jobs at Post-Recession High

The estimated number of job openings in the construction sector increased to 404,000 in April, a post-Great Recession high, according to the latest figures from the Bureau of Labor Statistics Job Openings and Labor Turnover Survey.

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New Home Building Geography Index Shows Single-Family Growth Limited to Exurbs

Filed in Economics by on May 28, 2019 5 Comments
New Home Building Geography Index Shows Single-Family Growth Limited to Exurbs

In a sign that housing affordability is becoming a growing issue nationwide, as of the first quarter of 2019 exurbs were the only region that registered single-family permit growth on a year-over-year basis, according to the new NAHB Home Building Geography Index (HBGI).

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