Economics

Builder Confidence: High Demand Offsets Higher Costs – For Now

Filed in Economics by on February 17, 2021 17 Comments
Builder Confidence: High Demand Offsets Higher Costs – For Now

Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes inched up one point to 84 in February, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today.

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NAHB Announces Top Sustainable and Green Building Trends and Features in Homes

Filed in Economics, Sustainability and Green Building, Trends by on February 11, 2021 2 Comments
NAHB Announces Top Sustainable and Green Building Trends and Features in Homes

Energy efficiency is a primary driver in home buyer preferences, according to research from NAHB revealed today during a press conference held in conjunction with the 2021 IBSx.

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NAHB Identifies Top Features and Design Trends for 2021 in the Wake of COVID-19

Filed in Design, Economics, Trends by on February 10, 2021 6 Comments
NAHB Identifies Top Features and Design Trends for 2021 in the Wake of COVID-19

After declining for four years, a number of key trends — including the average size of the home and the number of bedrooms and bathrooms — reversed course in 2020 as a result of shifting buyer preferences in the wake of COVID-19.

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Housing an Economic Bright Spot but Regulatory, Affordability Challenges Persist

Filed in Economics, Trends by on February 9, 2021 0 Comments
Housing an Economic Bright Spot but Regulatory, Affordability Challenges Persist

As the country continues to rebound from the impact of the COVID-19 pandemic, housing has been a bright spot in the economic recovery. And while the home building industry is poised for another solid year in 2021, regulatory and supply-side challenges could harm housing affordability, slowing momentum and limiting growth, according to economists speaking at an online press conference in conjunction with the 2021 virtual International Builders’ Show.

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Housing Ends 2020 Strong, but Some Slowing is Ahead

Filed in Economics by on February 8, 2021 2 Comments
Housing Ends 2020 Strong, but Some Slowing is Ahead

Over the last few weeks, major housing data series have revealed how strong a year 2020 was, in spite of changes caused by the virus crisis and economic downturn.

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Housing Affordability Holds Steady; Challenges Loom

Filed in Economics, Housing Affordability by on February 8, 2021 1 Comment
Housing Affordability Holds Steady; Challenges Loom

Record-low mortgage rates offset record-high home prices to keep housing affordability steady in the fourth quarter of 2020, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today. Though affordability rates held firm, regulatory and supply-side challenges threaten to aggravate affordability problems in the year ahead.

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Expectations for Housing Availability Continue to Improve

Filed in Economics, Trends by on February 5, 2021 3 Comments
Expectations for Housing Availability Continue to Improve

NAHB’s latest Housing Trends Report shows home buyers’ perceptions about the availability of homes in the market significantly improved compared to the same period last year.

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Big Shift in Interest for New Homes

Filed in Economics, Trends by on February 4, 2021 2 Comments
Big Shift in Interest for New Homes

NAHB’s latest Housing Trends Report shows that in the final quarter of 2020, 41% of prospective buyers were looking for a newly-built home — more than twice the 19% share registered a year earlier. Conversely, the share interested in an existing home declined from 40% to 30%, while the share indifferent to either type of home fell from 41% to 29%.

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Builder Confidence in the 55+ Housing Market Remains High in Fourth Quarter

Filed in 55+ Housing, Economics by on February 4, 2021 1 Comment
Builder Confidence in the 55+ Housing Market Remains High in Fourth Quarter

Builder confidence in the single-family 55+ housing market remained high in the fourth quarter, inching down one point from an all-time high to 82, according to the NAHB 55+ Housing Market Index (HMI) released today.

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Top 10 Builders Account for 30% of Single-Family Market Share

Filed in Economics by on February 1, 2021 0 Comments
Top 10 Builders Account for 30% of Single-Family Market Share

For the second year in a row, the top 10 builders captured at least a 30% market share of new single-family home closings. The most recent findings show that these firms combined for 30.4% of new single-family home closings in 2019, according to data released by BUILDER Magazine. 

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