Economics

Remodeler Sentiment Continues to Improve Year-over-Year

Filed in Economics, Remodeling by on January 20, 2022 0 Comments
Remodeler Sentiment Continues to Improve Year-over-Year

The NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter posted a reading of 83, up four points from the fourth quarter of 2020.

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Single-Family Starts Post Double-Digit Percentage Gain in 2021

Filed in Economics by on January 19, 2022 5 Comments
Single-Family Starts Post Double-Digit Percentage Gain in 2021

Total housing starts for 2021 were 1.60 million, a 15.6% gain over the 1.38 million total from 2020.

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Home Builder Confidence Edges Lower on Inflation Concerns

Filed in Economics by on January 18, 2022 19 Comments
Home Builder Confidence Edges Lower on Inflation Concerns

Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-family homes moved one point lower to 83 in January, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.

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Elevated Inflation and Higher Interest Rates in 2022

Filed in Economics, Housing Affordability, Material Costs by on January 13, 2022 2 Comments
Elevated Inflation and Higher Interest Rates in 2022

For the first time since the early 1980s, the U.S. economy is experiencing a period of elevated inflation. NAHB Chief Economist Robert Dietz provides more details in this overview of key issues impacting the housing industry.

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IRS Extends COVID-19 Relief Following NAHB Request

Filed in Advocacy, Multifamily, Tax Reform by on January 11, 2022 0 Comments
IRS Extends COVID-19 Relief Following NAHB Request

Last summer, NAHB and other groups requested the IRS extend some of the COVID-19 relief granted one year ago. Today, the agency released Notice 2022-05, which grants the extensions we specifically requested, along with other additional relief because of ongoing issues involving COVID-19.

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Residential Building Worker Wages Grow Rapidly

Filed in Economics, Labor by on January 11, 2022 0 Comments
Residential Building Worker Wages Grow Rapidly

Average hourly earnings for residential building workers have been growing fast recently, driven by the tightening construction labor market.

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Job Gains Slow in December

Filed in Economics, Labor by on January 10, 2022 0 Comments
Job Gains Slow in December

Job gains slowed sharply for the second straight month in December as the omicron variant began to spread.

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Podcast: 2022 Economic Outlook with NAHB Chief Economist

Filed in Advocacy, Economics by on January 7, 2022 0 Comments
Podcast: 2022 Economic Outlook with NAHB Chief Economist

In the first Housing Developments episode of 2022, NAHB Chief Economist Rob Dietz sits down with co-hosts CEO Jerry Howard and Chief Lobbyist Jim Tobin to provide his economic outlook for the year ahead.

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New Home Sales Jump in November on High Consumer Demand

Filed in Economics, Housing Affordability by on December 23, 2021 3 Comments
New Home Sales Jump in November on High Consumer Demand

New home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers’ anticipation of future higher mortgage rates.

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Higher Mortgage Rates Expected Following Fed Policy Pivot

Filed in Economics by on December 17, 2021 0 Comments
Higher Mortgage Rates Expected Following Fed Policy Pivot

The Federal Reserve on Dec. 15 signaled that it will be shifting from an accommodative monetary policy stance that has supported the economic rebound from the 2020 recession toward a tighter policy as a direct result of ongoing, elevated inflation data.

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