Data rss

The Employment Situation in January – A Cold Wind?

A soft jobs report: a bad month or a cold wind in the face of economic recovery? The Bureau of Labor Statistics (BLS) reported payroll employment expanded by 151 thousand in January (from the survey of payrolls at establishments), an unexpected slowdown from prior months. Results from the household survey were more encouraging, showing the unemployment rate ticking down to… Read More ›

In Every State, Over 1/3 of Households are 55+

In a recent study, NAHB used newly released American Community Survey data from the U.S. Census Bureau to show that, in the U.S. as a whole, there are a little over 48 million households headed by someone age 55 or older, accounting for roughly 42 percent of all U.S. households. Although the percentage is different in different states, the variation… Read More ›

AD&C Credit Standards Tighten, Even as Outstanding Loan Amounts Rise

Credit standards on loan applications for construction and land development loans or credit lines tightened, on net, over the fourth quarter of 2015. According to the most recent iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey, a net share of 12.7% said that lending standards at their respective commercial bank tightened. The net share represents the difference between… Read More ›

Savings Rate Trending Up

Total personal income increased to $15,648 billion, up by 0.3% in December 2015 on a month-over-month basis according to the most current data from the Bureau of Economic Analysis. Personal income growth in 2015 remained strong, with the highest increase (0.64%) in April following a weak or nearly 0% increase in March. Disposable personal income – income remaining after deducting… Read More ›

Features Most Likely to Show up in Typical Single-family Home in 2016

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 nationwide survey asked builders about the likelihood that a number of features would be included in the typical single-family home they will build in 2016. Using a scale from… Read More ›

Construction Spending Rises in December

NAHB analysis of Census construction spending data shows that total private residential construction spending for December increased to a seasonally adjusted annual rate of $430 billion. On a month-over-month basis, private single-family spending was $231 billion, up by 1% over the revised November estimate. Private multifamily spending also increased to $53 billion, up by 2.66%. Over the same period, private… Read More ›

FHFA and S&P/Case-Shiller Home Prices in November

Recently, S&P Dow Jones Indices and the Federal Housing Finance Agency (FHFA) released their home price indexes for November. The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, rose at a 10.9% seasonally adjusted annual pace in November. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate… Read More ›

Gen-X Homeownership Increases, Household Formations Rise

According to the Census Bureau’s Housing Vacancy Survey (HVS), the nation’s homeownership rate in the last quarter of 2015 was 63.8%. However, the homeownership rate was still down by 20 basis points on a nonseasonally adjusted basis from the last quarter of 2014 to the last quarter of 2015. Compared to the peak at the end of 2004, the homeownership… Read More ›

Optimistic Consumer Confidence in January

The Conference Board released the Consumer Confidence Index for January 2016. The Consumer Confidence Index rose slightly to 98.1 in January. The present situation index in January was unchanged, remaining at the same level of 116.4 as that in December; the expectations index rose to 85.9 in January from 83.0 in December. In January, consumers’ optimism about the short-term outlook… Read More ›