Economics

August Housing Starts Lifted by Multifamily Development

Filed in Economics, Multifamily by on September 21, 2021 0 Comments
August Housing Starts Lifted by Multifamily Development

Strong multifamily production helped push overall housing starts up in August as single-family starts edged lower due to ongoing supply chain issues and labor challenges.

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House Democrats Seek Overhaul of Energy Tax Incentives

Filed in Advocacy, Tax Reform by on September 20, 2021 0 Comments
House Democrats Seek Overhaul of Energy Tax Incentives

The House is moving forward with its $2 trillion tax plan, which includes significant changes to energy tax incentives used for residential construction and remodeling.  Many of these proposed changes are positive, but some would diminish the utility of these credits moving forward. 

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Builder Confidence Steadies as Material and Labor Challenges Persist

Filed in Economics by on September 20, 2021 23 Comments
Builder Confidence Steadies as Material and Labor Challenges Persist

Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges. Ending a three-month decline, builder sentiment in the market for newly built single-family homes edged up one point to 76 in September, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.

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Number of Women in Construction Edges Higher

Number of Women in Construction Edges Higher

The number of women employed in the construction industry in the United States grew slightly in 2020, rising to around 1.17 million workers. The number reflects about 10.9% of the construction workforce, up from 10.3% in 2019, a recent analysis of labor force statistics from the Current Population Survey (CPS) showed.

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NAHB Opposes House Democrats’ Plan for $2 Trillion in New Taxes

Filed in Advocacy, Housing Affordability, Tax Reform by on September 14, 2021 16 Comments
NAHB Opposes House Democrats’ Plan for $2 Trillion in New Taxes

NAHB is sounding the alarm to lawmakers as House Democrats within the Ways and Means Committee begin consideration of a massive overhaul of the tax code which would generate over $2 trillion in additional tax revenue over the next 10 years.

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Proposed Changes to Partnership Tax Rules Would Raise $172 Billion

Filed in Tax Reform by on September 10, 2021 2 Comments
Proposed Changes to Partnership Tax Rules Would Raise $172 Billion

Senate Finance Committee Chairman Ron Wyden (D-Ore.) released the outline of a bill that would significantly alter the tax rules for partnerships.

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Which Heating and Cooling Systems are Most Common for New Homes?

Filed in Economics, Trends by on September 10, 2021 0 Comments
Which Heating and Cooling Systems are Most Common for New Homes?

See which heating and cooling systems are most prevalent geographically, based on information from the Census Bureau’s Survey of Construction (SOC).

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Building Material Prices: Large Increases Year to Date

Filed in Economics, Material Costs, Trends by on September 9, 2021 10 Comments
Building Material Prices: Large Increases Year to Date

Although the recent drop in softwood lumber prices since mid-May is helping bring costs down (after having driven them up drastically earlier in the year), the decline has been offset by large increases in the prices of several other building material products.

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Fastest Home Building Activity Continues in Suburban, Exurban Communities

Filed in Economics, Trends by on September 7, 2021 0 Comments
Fastest Home Building Activity Continues in Suburban, Exurban Communities

Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released today by NAHB.

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Slab Foundations Continue to Overtake Basements in New Homes

Filed in Trends by on August 31, 2021 1 Comment
Slab Foundations Continue to Overtake Basements in New Homes

NAHB analysis of the latest Survey of Construction (SOC) shows the gap between slab and full/partial basement foundation adoption rates is growing: The share of new homes built on slabs steadily increased from 46% in 2000 to 65% in 2020, while the share of new homes with basements dropped from 36.8% to 22%.

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