Eye On Housing
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Builders Say Lumber Prices Are Hurting Affordability
In a recent NAHB survey, over 40 percent of builders said construction costs in general are causing home buyers to hold back from purchasing a new home, and over 90 percent said that lumber prices specifically are hurting affordability. The results are consistent with yesterday’s post, which described a surge in the number of builders reporting a shortage of framing lumber. The new results… Read More ›
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Number of Builders Reporting a Shortage of Framing Lumber Surges
Shortages of framing lumber are now more widespread than at any time since NAHB began tracking the issue in a consistent way in 1994, according to results from the May 2018 survey for the NAHB/Wells Fargo Housing Market Index. Over 30 percent of single-family builders responding to the survey’s special questions in May reported a shortage of framing lumber, outdistancing the other 22… Read More ›
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Regulation: Over 30 Percent of the Cost of a Multifamily Development
Regulation imposed by all levels of government (whether local, state or federal) accounts for 32.1 percent of the cost of an average multifamily development, according to a new study conducted jointly by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC). The study is based primarily on a survey of multifamily developers from both organizations. The results… Read More ›
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Over Three-Fifths of Builders Have Encountered Cluster Mail Boxes
The United States Post Office has been attempting to reduce or eliminate sidewalk and curbside delivery of mail to individual homes, especially in new subdivisions. Instead, the Post Office now wants to deliver mail primarily to centralized or “cluster” mail boxes, each serving multiple homes in a development. So far, implementation of this policy has varied across the country, as local post offices… Read More ›
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Have You Seen These Posts for National Home Remodeling Month?
May is National Home Remodeling Month. As has become a tradition, Eye on Housing recognizedthe occasion with a series of posts related to the topic. As the month draws to a close, we provide a summary of those posts for readers who may have missed them: Remodeling in 2017: Baths Reclaim Top Spot from Kitchens: May 2, 2018. For Remodelers,… Read More ›
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NAHB Releases Remodeling by Zip Code Estimates for 2018
With this post NAHB announces the release of its latest estimates of spending on improvements to owner-occupied homes at the zip code level. The new estimates are for calendar year 2018 and include the number of owner-occupied homes, the number with improvement spending during the year, the average spending per improved home, total spending on improvements within the zip code, and the drivers of remodeling activity used to… Read More ›
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Aging in Place on the Rise as a Reason to Remodel
According to a recent NAHB survey, “desire for better/newer amenities” and “need to repair/replace old components” once again ranked as the top reasons owners remodel their homes. However, several other reasons to remodel are gaining ground, particularly the desire to be able to age in place. The survey took the form of a special question on NAHB’s Remodeling Market Index (RMI) instrument for the first quarter of 2018. … Read More ›
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For Remodelers, Labor Shortages Resume Aggravating Trend
Ninety-one percent of remodelers reported shortages of labor available to perform finished or rough carpentry work, and over 40 percent said these shortages were serious, in response to special questions on NAHB’s Remodeling Market Index (RMI) survey for the 3rd quarter of 2017. The RMI survey asked remodelers about availability of labor in 15 specific occupations that were either specifically recommended by Home Builders… Read More ›
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Remodeling in 2017: Baths Reclaim Top Spot from Kitchens
May is National Home Remodeling Month. Following the tradition established in recent years, the month’s first related post covers the most common types of remodeling projects performed by NAHB Remodelers during the previous calendar year. Results come from a special question on NAHB’s Remodeling Market Index (RMI) survey for the first quarter of 2018. The results show kitchen and bathroom remodeling… Read More ›
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Builders’ Use of Aerial Drones Takes Off
About two years ago, NAHB reported that 22 percent of single-family builders had used aerial drones (or unmanned aircraft systems, as the Department of Defense calls them) at least once in their construction businesses. But the times they are a-changing. When we revisited the issue in March of this year, we saw that the percentage of builders using drones had… Read More ›