Data rss

Existing Sales Pass 5 Million

Existing home sales continued to increase from the winter quarter and passed the 5 million mark for the first time since October 2013. This increase is positive news for future new home sales because each prospective repeat buyer must sell their existing home before buying a newly built home. Existing home sales increased 2.6% in June, but are still 2.3%… Read More ›

Green Building Certification

Among single-family builders, the NAHB National Green Building Standard (NGBS) is the most commonly used green building certification. McGraw Hill Construction’s data and analytics team surveyed a set of NAHB single-family and multifamily members in 2013. From 2011 to 2013, the percentage of single-family firms using the NGBS has grown from 21% to 30%. In contrast, 13% of single-family builders reported… Read More ›

Housing Construction Pauses

According to the Census Bureau and HUD, housing starts activity dipped 9.3% in June to an 893,000 seasonally adjusted annual rate. The drop was concentrated in the South region where single-family starts fell 70,000, accounting for more than the total national drop of 57,000. Multifamily starts also fell 88,000 units in the South accounting for more than the 35,000 total… Read More ›

Builder Confidence Surpasses Key Benchmark in July

Builder confidence in the market for newly-built single-family homes rose four points to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading over 50 indicates that more builders view sales conditions as good than poor. The July reading marks the first time since January that the index has been above a level of… Read More ›

The Economic Impact of the Affordable Housing Credit

In addition to ensuring the supply of affordable rental housing, the Low-Income Housing Tax Credit (LIHTC) supports jobs and provides benefits to the economy. Using the NAHB economic impact model of home building, revised industry estimates reveal that the LIHTC program supports almost 96,000 jobs in a typical year. NAHB recently updated its economic impact model of home building, which indicate that… Read More ›

FOMC Minutes From the June Meeting – October Surprise?

Last week the Federal Reserve released the minutes from the Federal Open Market Committee (FOMC) meeting held June 17-18. Following its standard procedure the Fed released a statement immediately following the meeting announcing the major policy decisions, and released the minutes from the meeting, providing a more in-depth view of the deliberations, three weeks later. It has become a foregone… Read More ›

Construction Job Openings Rise in May

The number of open, unfilled construction sector jobs rebounded in May as the overall economy improved from the start of the year. According to the BLS Job Openings and Labor Turnover Survey (JOLTS), the number of open construction sector jobs increased on a seasonally adjusted basis from 92,000 in April to 130,000 in May. The May count of unfilled construction jobs is the… Read More ›

Profile of NAHB’s Associate Members

Every year, NAHB conducts a census of its builder and associate members in order to better understand the composition and characteristics of its membership. The census collects company as well as demographic information. This post summarizes findings from the 2013 Associate member census, with a more extensive article available here. An earlier post summarized findings from the 2013 Builder member… Read More ›