Trends

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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New Home Size Increases as Demand for More Space Continues

Filed in Trends by on August 26, 2021 7 Comments
New Home Size Increases as Demand for More Space Continues

The size of new single-family homes increased in the second quarter, as the pandemic has sparked a need for more living space and people continue using their homes for more purposes, particularly teleworking.

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Building Material Prices Climbing at Record Year-to-Date Pace

Filed in Economics, Material Costs, Trends by on August 16, 2021 4 Comments
Building Material Prices Climbing at Record Year-to-Date Pace

Building material prices have increased 19.4% over the past 12 months and 13% year to date, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Prices paid for goods used in residential construction (excluding energy) rose 0.2% in July after climbing 3% in June (not seasonally adjusted). Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

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High Prices Most Common Reason Why Active Buyers Remain Sidelined

Filed in Economics, Housing Affordability, Trends by on August 13, 2021 44 Comments
High Prices Most Common Reason Why Active Buyers Remain Sidelined

The inability to find an affordably priced home is the primary reason active buyers have not pulled the trigger, with 39% citing high prices as their biggest obstacle in the second quarter of 2021, according to the latest Housing Trends report produced by the NAHB Economics team.

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What Are the Most Common Exterior Materials for New Homes?

Filed in Economics, Trends by on August 6, 2021 0 Comments
What Are the Most Common Exterior Materials for New Homes?

Stucco was the most common principal exterior material on new single-family homes started in 2020 (28%), followed by vinyl siding (26%), according to the data from the Census Bureau’s Survey of Construction (SOC).

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Prospective Buyers Continue to Turn into Active Buyers

Filed in Economics, Trends by on August 3, 2021 0 Comments
Prospective Buyers Continue to Turn into Active Buyers

Of the 17% of American adults considering a future home purchase, more than half (61%) have moved beyond planning and are now actively trying to buy. This share of active buyers has increased in each of the last six quarters.

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Buyers’ Outlook on Housing Availability and Affordability Declines

Filed in Economics, Housing Affordability, Trends by on July 30, 2021 64 Comments
Buyers’ Outlook on Housing Availability and Affordability Declines

The increased activity in the housing market in the wake of COVID-19, combined with rising housing prices, has hampered prospective buyers’ outlook on the housing market and their ability to buy a home.

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