Economics

Housing Starts Finish 2019 Strong

Filed in Economics by on January 17, 2020 0 Comments
Housing Starts Finish 2019 Strong

Total housing starts increased 16.9% in December to a seasonally adjusted annual rate of 1.61 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is a 13-year high for housing starts.

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Builder Confidence Begins Year Strong as Single-Family Growth Continues

Filed in Economics by on January 16, 2020 9 Comments
Builder Confidence Begins Year Strong as Single-Family Growth Continues

Builder confidence in the market for newly built single-family homes edged one point lower to 75 in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. The last two monthly readings mark the highest sentiment levels since July 1999.

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Still Not a Lot of Lots

Filed in Economics, Home Building, Housing Trends by on January 8, 2020 0 Comments
Still Not a Lot of Lots

The shortage of buildable lots that has been hindering the housing recovery eased somewhat in 2019, but remains elevated by historical standards, according to a recent survey conducted by NAHB.

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A Decade of Home Building: The Long Recovery of the 2010s

Filed in Affordability, Economics, Housing Trends by on January 6, 2020 8 Comments
A Decade of Home Building: The Long Recovery of the 2010s

The 2010s was by far the lowest decade of single-family production in the last 60 years. During this 10-year period, single-family home construction totaled just 6.8 million units. By comparison, single-family starts ranged from 9.3 million units in the 1960s to 12.3 million in the 2000s.

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Are Rising Construction Costs Killing the American Basement?

Filed in Economics, Housing Trends by on December 26, 2019 2 Comments
Are Rising Construction Costs Killing the American Basement?

The basement is losing favor among home builders and buyers. But why?

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New Home Sales Trend Higher in November

Filed in Economics by on December 23, 2019 0 Comments
New Home Sales Trend Higher in November

Sales of newly built, single-family homes increased 1.3% to a seasonally adjusted annual rate of 719,000 units in November, off a downwardly revised October reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Number of Unfilled Construction Jobs Remains High Despite Some Progress

Filed in Economics by on December 20, 2019 0 Comments
Number of Unfilled Construction Jobs Remains High Despite Some Progress

The estimated number of construction jobs open in October was 311,000, down from a September total of 327,000 and April’s post-Great Recession high of 434,000, according to the latest U.S. BLS JOLTS data.

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Single-Family Starts Increase in November

Filed in Economics by on December 17, 2019 0 Comments
Single-Family Starts Increase in November

Total housing starts increased 3.2 percent in November to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

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Builder Confidence Climbs to a 20-Year High

Filed in Economics by on December 16, 2019 3 Comments
Builder Confidence Climbs to a 20-Year High

Builder confidence in the market for newly-built single-family homes increased five points to 76 in December off an upwardly revised November reading, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. This is the highest reading since June 1999.

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Single-Family Market Grateful for Lower Rates

Filed in Economics by on December 4, 2019 0 Comments
Single-Family Market Grateful for Lower Rates

The single-family housing market rebound continues, largely thanks to lower mortgage interest rates. Because of the lower cost of home buying, most housing metrics have improved in recent months.

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