Eye On Housing
Author Archives
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Top Posts of 2016: Most Likely Features in a New Single-family Home
With the end of 2016 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In February, Rose Quint examined the most common features of new homes. Successful businesses stay on top of what their competitors are doing. For home builders, this involves knowing what features other builders are putting in their new homes. In December 2015, a… Read More ›
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Top Posts of 2016: What Building 1,000 Homes Means to the U.S. Economy
With the end of 2016 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In June, Paul Emrath examined the economic impacts of home building. According to NAHB’s National Impact of Home Building model, building 1,000 average single-family homes generates 2,975 jobs and $111.0 million in taxes and fees for all levels of government. Similarly,… Read More ›
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Top Posts of 2016: Where are the Nation’s Second Homes?
With the end of 2016 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In March, Na Zhao examined the location and concentration of the nation’s second homes. According to NAHB estimates, the total count of the second home stock reached 7.5 million in 2014, an increase of 0.6 million over 2009 when NAHB Economics last produced… Read More ›
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Top Posts of 2016: Regulation is 24.3 Percent of the Average New Home Price
With the end of 2016 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In May, Paul Emrath examined the impact rising regulatory burdens are having on home costs. An NAHB study shows that, on average, regulations imposed by government at all levels account for 24.3 percent of the final price of a new single-family home built… Read More ›
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Top Posts of 2016: Lots in 2015 are Smallest on Record
With the end of 2016 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In July, Natalia Siniavskaia examined lot sizes in the face of the ongoing lot shortage. The median lot size of a new single-family detached home sold in 2015 dropped under 8,600 square feet for the first time since Census Bureau’s Survey… Read More ›
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Top Posts of 2016: Time to Build a Single-Family Home in 2015
With the end of 2016 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In July, Na Zhao examined typical construction durations for various types of single-family homes and regions. The 2015 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7 months, which usually includes almost… Read More ›
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New Home Sales Grow in November
Sales of newly-built, single-family homes grew 5.2% on a monthly basis in November to a 592,000 seasonally adjusted annual rate according to estimates from the Census Bureau and HUD. The growth in November is consistent with rising home builder confidence and an expectation of sales growth in 2017. The November rate was the second highest sales pace since the end of the… Read More ›
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Housing Starts Fall in November
Housing starts posted a notable drop in November after a strong October pace. Total starts were down 18.7%, falling to a 1.09 million seasonally adjusted annual rate after a 1.34 million rate in October. However, the decline was concentrated in the volatile multifamily sector. The single-family sector continues to show anon improving trend, consistent with rising home builder confidence. According… Read More ›
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Builder Confidence Closes Year on a High Note
Builder confidence in the market for newly-built single-family homes jumped seven points to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since July 2005. The increase in market confidence follows the November election results, increasing hopes among home builders and other stakeholders in the residential construction industry that… Read More ›
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Residential Construction Employment Grew in November
The count of unfilled jobs in the overall construction sector remained elevated in October, as residential construction employment continued to grow. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) came in at 205,000 in October, after reaching 221,000 in September. The cycle high was 225,000 set in July. The… Read More ›