Economics

Nearly 90% of Builders Have Trouble Getting Appliances

Filed in Economics, Remodeling, Trends by on March 8, 2021 2 Comments
Nearly 90% of Builders Have Trouble Getting Appliances

While builders continue to report they are facing problems obtaining lumber and other building materials, you can add appliances to that list. 

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Housing Affordability Constraints are Rising

Housing Affordability Constraints are Rising

The housing industry is being squeezed. While the sector was the bright spot of the economy for 2020 and possesses considerable momentum at the start of 2021, a number of external factors are restraining the industry as well as the nation’s overall economic recovery.

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IRS Releases Guidance on Claiming Employee Retention Credit with PPP Loan

Filed in Economics, Tax Reform by on March 2, 2021 0 Comments
IRS Releases Guidance on Claiming Employee Retention Credit with PPP Loan

The IRS released guidance this week for taxpayers claiming the employee retention credit for tax year 2020. The IRS plans to release additional guidance in the near future for claims arising during 2021, including changes made to the employee retention credit for 2021.

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Suburban Shift for Construction in 2020

Filed in Economics, Trends by on March 2, 2021 0 Comments
Suburban Shift for Construction in 2020

The suburban shift in home building to meet growing buyer preferences for lower density, lower cost markets stemming from the COVID-19 pandemic that was first reported in the second quarter NAHB Home Building Geography Index (HBGI) has continued throughout the rest of 2020.

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New Priced Out Study Highlights the Housing Affordability Crisis

Filed in Economics, Housing Affordability by on March 1, 2021 3 Comments
New Priced Out Study Highlights the Housing Affordability Crisis

A new study by NAHB puts a spotlight on the nation’s housing affordability crisis and illustrates how even a relatively small increase in the price of a home can prevent hundreds of thousands of households from achieving the goal of homeownership.

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Multifamily Construction Sentiment Declines in Fourth Quarter

Filed in Economics, Multifamily by on February 25, 2021 0 Comments
Multifamily Construction Sentiment Declines in Fourth Quarter

Confidence in the market for new multifamily housing declined in the fourth quarter of 2020, according to results from the Multifamily Market Survey (MMS) released today by NAHB.

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New Home Sales Higher in January, Yet Supply Side Concerns Remain

Filed in Economics by on February 24, 2021 2 Comments
New Home Sales Higher in January, Yet Supply Side Concerns Remain

Strong demand stemming from low interest rates, favorable demographics and a suburban shift for home building to smaller, more affordable housing markets helped to lift new home sales in January. But rising lumber and material costs threaten to blunt this momentum.

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Builders Cite Building Material Prices as Top Challenge

Filed in Economics, Trends by on February 23, 2021 2 Comments
Builders Cite Building Material Prices as Top Challenge

Nearly nine out of 10 builders expect building material prices will be their top challenge in 2021, according to a December 2020 survey where builders were asked about the problems they confronted in 2020 and expect to face in 2021.

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Homeownership Remains Primary Driver of Household Wealth

Filed in Economics by on February 18, 2021 0 Comments
Homeownership Remains Primary Driver of Household Wealth

Homeownership increased from a low of 63.7% in 2016 to 64.9% in 2019, and the primary residence continued to be the largest asset on the balance sheets of households in 2019, according to the 2019 Survey of Consumer Finances (SCF).

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Construction Headwinds Pick Up in January

Filed in Economics by on February 18, 2021 3 Comments
Construction Headwinds Pick Up in January

Housing production softened in January as rising lumber prices continue to affect the housing industry. Overall housing starts decreased 6.0% to a seasonally adjusted annual rate of 1.58 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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