Economics

Construction Cools as Costs Climb

Filed in Economics, Material Costs by on May 18, 2021 6 Comments
Construction Cools as Costs Climb

Housing production fell in April due to the increased costs of building materials that have priced out potential home buyers. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Single- and Multifamily Permits Post Gains Across the U.S.

Filed in Economics, Multifamily by on May 17, 2021 0 Comments
Single- and Multifamily Permits Post Gains Across the U.S.

The total number of single-family permits issued year-to-date nationwide reached 276,110 in March, up 25.3% over the March 2020 level of 220,416, with gains across the nation. In addition, multifamily permits were also robust in March compared to last year, with all four regions of the country showing double digit percentage gains.

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Building Materials Top Housing Concerns

Filed in Economics, Material Costs, Trends by on May 17, 2021 18 Comments
Building Materials Top Housing Concerns

Builder confidence held stable in May, despite growing concerns over the price and availability of most building materials, including lumber.

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Record-High Prices on All Building Materials Threaten Housing Affordability

Record-High Prices on All Building Materials Threaten Housing Affordability

It’s not just lumber. The rapidly rising prices for other heavily relied upon building materials – like steel, concrete and gypsum products – are causing widespread concerns throughout the housing industry.

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More Buyers are Pumped Up Over Exercise Rooms

Filed in Economics, Trends by on May 13, 2021 6 Comments
More Buyers are Pumped Up Over Exercise Rooms

Over the past five years, there’s been a big jump in the percentage of prospective home buyers who want an exercise room, according to a recent study by NAHB.

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The Most Common Reason Active Buyers Can’t Close the Deal

Filed in Economics, Trends by on May 11, 2021 1 Comment
The Most Common Reason Active Buyers Can’t Close the Deal

A recent Eye on Housing blog post revealed that 64% of buyers who were actively engaged in the process of finding home in the first quarter of 2021 have spent upwards of three months searching for a home without success. The most common reason long-time searchers have come up empty-handed is not because they can’t find a home at an affordable price but rather due to a rising trend that is occurring in the marketplace.

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Housing Affordability Shows Signs of Weakening as Challenges Lie Ahead

Filed in Economics, Housing Affordability by on May 6, 2021 10 Comments
Housing Affordability Shows Signs of Weakening as Challenges Lie Ahead

Housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages along with expected increases in mortgage rates stemming from a growing economy are likely to exacerbate affordability challenges in the year ahead.

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NAHB Launches New Video Series With SGC Horizon

Filed in Advocacy, Economics, Membership by on May 5, 2021 0 Comments
NAHB Launches New Video Series With SGC Horizon

NAHB is excited to launch a new video series, featuring members of NAHB’s senior management team, in conjunction with our media partner, SGC Horizon. The series will comprise four videos each month on key topics of interest for the Federation.

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More Buyers are Looking for a New Home

Filed in Economics, Trends, Uncategorized by on May 3, 2021 1 Comment
More Buyers are Looking for a New Home

A growing number of buyers are looking specifically at new home construction from the onset of their home search.

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Is the Housing Market Too Hot?

Filed in Economics by on April 29, 2021 2 Comments
Is the Housing Market Too Hot?

NAHB Chief Economist Robert Dietz summarizes a number of unsustainable trends that have developed in the housing market, underscoring the industry’s widespread supply and demand issues.

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