Tag: Eye on the Economy

Elevated Inflation and Higher Interest Rates in 2022

Filed in Economics, Housing Affordability, Material Costs by on January 13, 2022 2 Comments
Elevated Inflation and Higher Interest Rates in 2022

For the first time since the early 1980s, the U.S. economy is experiencing a period of elevated inflation. NAHB Chief Economist Robert Dietz provides more details in this overview of key issues impacting the housing industry.

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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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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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Housing Shines Amid Economic Rebound

Filed in Economics by on October 2, 2020 2 Comments
Housing Shines Amid Economic Rebound

NAHB’s chief economist lists further evidence of why housing was a bright spot for the economy, most notably as single-family new home sales climbed 4.8% to a 1.01 million seasonally adjusted annual rate — the highest pace since 2006.

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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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Supply Constraints Hinder Sales and Affordability

Filed in Business Management, Economics by on August 3, 2018 4 Comments
Supply Constraints Hinder Sales and Affordability

A dearth of inventory has resulted in price growth, making prospective home buyers more cautious about a potential purchase.

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Builders Say Lumber Tops Labor as Biggest Challenge

Filed in Business Management, Economics, Material Costs by on May 25, 2018 5 Comments
Builders Say Lumber Tops Labor as Biggest Challenge

In his bi-weekly overview of the housing market, NAHB’s chief economist describes the most serious headwind facing housing markets today: the escalation of framing lumber prices — up 59% since the start of 2017.

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Low Inventories Pushing Prices Higher

Filed in Economics by on April 26, 2018 0 Comments
Low Inventories Pushing Prices Higher

As result of limited supply, solid demand and rising construction costs, home prices continue to exceed income growth and have now increased more than 6% over the last year.

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Housing Industry Could Get ‘Choppy’ in the Months Ahead

Filed in Economics by on October 6, 2017 1 Comment
Housing Industry Could Get ‘Choppy’ in the Months Ahead

Despite ongoing positive market conditions, recent home sales data have come in below expectations. And the economic impacts of hurricanes Harvey and Irma will surface in the months ahead.

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Finance Changes Shaping the Housing Market

Finance Changes Shaping the Housing Market

In his remarks in the latest issue of Eye on the Economy, NAHB Chief Economist Robert Dietz provided his insights on the state of the economy as it relates to the home building industry, highlighting changes in interest rates, loan availability and housing demand.

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