Economics

Multifamily Permits Increase in February

Filed in Economics, Multifamily by on April 16, 2021 0 Comments
Multifamily Permits Increase in February

Multifamily permits were robust across the country in February compared to last year, from a large gain in the West (22%) to a modest 5.4% increase in the Midwest.

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Housing Starts Spring Forward in March

Filed in Economics by on April 16, 2021 0 Comments
Housing Starts Spring Forward in March

Housing production rebounded in March as buyer demand remains solid due to low mortgage interest rates. Overall housing starts increased 19.4% to a seasonally adjusted annual rate of 1.74 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This was the fastest pace for combined single-family and multifamily construction since June 2006.

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Builder Confidence Edges Up as Strong Demand Offsets Supply-Side Challenges

Filed in Economics, Trends by on April 15, 2021 7 Comments
Builder Confidence Edges Up as Strong Demand Offsets Supply-Side Challenges

Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest NAHB/Wells Fargo Housing Market Index (HMI) released today shows that builder confidence in the market for newly built single-family homes rose one point to 83 in April.

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Strong Single-Family Permit Gains to Start the Year

Filed in Economics by on April 14, 2021 0 Comments
Strong Single-Family Permit Gains to Start the Year

The total number of single-family permits issued year-to-date (YTD) nationwide reached 164,901 — a 16.6% increase over February 2020.

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Minority Households Face Housing Affordability Challenges

Filed in Economics, Housing Affordability, Trends by on April 13, 2021 0 Comments
Minority Households Face Housing Affordability Challenges

New NAHB analysis on housing affordability based on race and ethnicity shows a wide disparity regarding the number of households that can afford a new median priced home.

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Buyers Split on Exterior Design Preferences

Filed in Design, Economics, Trends by on April 12, 2021 0 Comments
Buyers Split on Exterior Design Preferences

When presented with four choices for exterior design, respondents for NAHB’s latest What Home Buyers Really Want edition did not choose a clear winner.

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Households View Housing as a Good Investment Versus Stocks

Filed in Economics, Trends by on April 9, 2021 0 Comments
Households View Housing as a Good Investment Versus Stocks

A recent study by the Federal Reserve Bank of New York found that most households view housing as a good investment in comparison to the stock market.

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Buyers are Split on Multigenerational Homes

Filed in Economics, Trends by on April 9, 2021 0 Comments
Buyers are Split on Multigenerational Homes

When it comes to the desire for a home designed to house the buyer as well as a younger generation and an older generation, home buyers are split down the middle.

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Who are NAHB’s Builder Members?

Filed in Economics, Membership by on April 8, 2021 0 Comments
Who are NAHB’s Builder Members?

NAHB’s recently published 2020 membership census reveals that the typical builder member today is a 57-year-old small business owner with a median number of five employees, a median five housing units started in 2020 and a median gross revenue of $2.6 million.

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Remodeling Industry Confidence Up Strongly Year Over Year

Filed in Economics, Remodeling by on April 8, 2021 0 Comments
Remodeling Industry Confidence Up Strongly Year Over Year

NAHB released its Remodeling Market Index (RMI) in the first quarter of 2021, posting a reading of 86, up 38 points from the first quarter of 2020. The finding is a signal of residential remodelers’ confidence in their markets for projects of all sizes.

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