Author Archives

  • Apartment Absorptions and Completions Grew in 2015

    The rental apartment market continued to post solid growth in 2015. Both multifamily starts and completions increased. Data from the US Census Bureau shows that multifamily for-rent starts totaled to 372,000 units in 2015, which is 13 percent higher than in 2014. According to the Survey of Market Absorption (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments in buildings… Read More ›

  • Who Are NAHB’s Associate Members?

    Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization.  In 2015, 68 percent of NAHB’s members were associate members—those indirectly involved in home building.  The remaining 32 percent were builder members—those directly involved in home building.  Last month we gave readers… Read More ›

  • Who are NAHB’s Builder Members?

    Who are NAHB’s Builder Members? Every year the National Association of Home Builders conducts a member census in order to better understand the composition and characteristics of the people who belong to its organization.  In 2015, 32 percent of NAHB’s members were builders—those directly involved in home building.  The remaining 68 percent were associate members—those involved in supportive industries and… Read More ›

  • First Quarter GDP Revised Up, But Trend Is Still Down

    The US Bureau of Economic Analysis (BEA) released the second estimate of US real gross domestic product (GDP) growth for the first quarter of 2016 (Exhibit 1). Real GDP grew at a seasonally adjusted annual rate of 0.8 percent, which is higher than the previously released advance estimate of 0.5 percent. Exhibit 1: US Real Gross Domestic Product (GDP), Seasonally… Read More ›

  • Apartment and Condominium Market Remains Steady in the First Quarter

    The National Association of Home Builder’s Multifamily Production Index (MPI) increased one point to 53 in the first quarter of 2016 (Exhibit 1). This quarter marks the 17th consecutive quarter in which the index has been above its breakeven point of 50, which means that more builders and developers report that current conditions in the apartment and the condominium market… Read More ›

  • Specialty Retailers, Lumber Yards, and Wholesale Distributors Are the Most Popular Places to Buy Materials for Remodeling Projects

    Where do remodelers, their subcontractors or customers generally purchase materials for projects? The National Association of Home Builders recently posed this question to remodelers across the country in its quarterly Remodeling Market Index (RMI) survey. Although subcontractors and customers purchase materials too, it turns out that remodelers often know where these products are being purchased. Remodelers were asked to identify… Read More ›

  • Desire for New or Better Amenities is the Top Reason to Remodel

    In last quarter’s Remodeling Market Index (RMI), remodelers across the country were asked to rate the reasons why customers want to remodel on a scale of 1=Never/Almost Never to 5=Very Often. The reason that received the highest average rating was ‘Desire for better/newer amenities’ (4.3), followed by ‘Need to repair/replace old components’ (4.2), and ‘Desire/need for more space’ (3.8) (Exhibit… Read More ›

  • Overall Builder Confidence in the 55+ Housing Market Remains Positive in the First Quarter of 2016

    According to the National Association of Home Builders, confidence in the single-family 55+ housing market remained in positive territory in the first quarter of 2016. The 55+ single-family HMI dropped five points to 56, but is still above the breakeven point of 50, which indicates that more builders view conditions as good than poor (Exhibit 1). The 55+ single-family HMI… Read More ›

  • Kitchen and Bath Remodeling More Common Than Ever in 2015

    As part of National Home Remodeling Month, the following analysis focuses on the most common remodeling jobs performed in 2015. This data was collected from the National Association of Home Builder’s Remodeling Market Index (RMI) survey, which measures conditions in the remodeling market. In 2015, the top two most common remodeling jobs were bathroom remodeling (81 percent) and kitchen remodeling… Read More ›

  • Remodeling Market Index Dips in First Quarter of 2016

    The National Association of Home Builder’s Remodeling Market Index (RMI) dropped four points to 54 in the first quarter of 2016 (Exhibit 1). Although the index posted a decline, it is still above the breakeven point of 50, which signals that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower. Exhibit 1:… Read More ›