Tag: economics

Strong Single-Family Permit Gains to Start the Year

Filed in Economics by on April 14, 2021 1 Comment
Strong Single-Family Permit Gains to Start the Year

The total number of single-family permits issued year-to-date (YTD) nationwide reached 164,901 — a 16.6% increase over February 2020.

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Home Owners Shift Expenses from Entertainment to Home Improvement

Filed in Economics, Remodeling, Trends by on November 23, 2020 2 Comments
Home Owners Shift Expenses from Entertainment to Home Improvement

HomeAdvisor’s latest “State of Home Spending” survey revealed that home owners spent an average of $13,138 on home-improvement projects in 2020, compared to $9,081 in 2019.

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Home Building a Leading Sector in the Q3 Rebound

Filed in Economics by on November 16, 2020 0 Comments
Home Building a Leading Sector in the Q3 Rebound

The housing industry has undoubtedly been a bright spot for the economy during this period of economic distress. Demand for homes has increased on historically low interest rates, a need for more residential space, favorable demographics for home buying, and an evolving geography of housing demand that favors low density, more affordable markets.

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Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low

Filed in Economics, Trends by on November 5, 2020 1 Comment
Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low

Record-low mortgage rates were not enough to offset inventory shortages and rising home prices as housing affordability continued to decline in the third quarter of 2020, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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Home Construction Must Increase to Keep Up with Sales

Filed in Economics by on October 30, 2020 2 Comments
Home Construction Must Increase to Keep Up with Sales

After a significant decline in the spring, home building has made a dramatic comeback. NAHB Chief Economist Robert Dietz explains why.

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Surge in Home Construction, Lumber Prices

Filed in Economics by on August 20, 2020 6 Comments
Surge in Home Construction, Lumber Prices

Residential construction is leading the economy, as housing demand remains strong and supply is tight. However, risks remain for the industry, especially regarding the quickly escalating prices for lumber.

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New Freddie Mac Study Reveals Growing Interest in ADUs

Filed in Economics, Housing Affordability by on July 22, 2020 0 Comments
New Freddie Mac Study Reveals Growing Interest in ADUs

Using the 1997-2019 Multiple Listing Service (MLS) transactions data, a new Freddie Mac study identified 1.4 million properties with ADUs in the United States. The South and West are the fastest growing regions for ADUs, with top markets including Portland, Dallas, Seattle, Los Angeles and Miami.

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Pandemic Concerns Weaken Multifamily Builder and Developer Confidence

Filed in Economics, Multifamily by on May 21, 2020 0 Comments
Pandemic Concerns Weaken Multifamily Builder and Developer Confidence

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

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Single-Family Market Grateful for Lower Rates

Filed in Economics by on December 4, 2019 0 Comments
Single-Family Market Grateful for Lower Rates

The single-family housing market rebound continues, largely thanks to lower mortgage interest rates. Because of the lower cost of home buying, most housing metrics have improved in recent months.

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New Home Sales Remain Stable in September

Filed in Economics by on October 24, 2019 0 Comments
New Home Sales Remain Stable in September

Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 701,000 units in September off a downwardly revised reading in August, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 7.2% higher than the same period in 2018.

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