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Living at Home as an Investment

Even with improving economic conditions, a record number of Millennials live with their parents. According to a recent study published by the Pew Institute, the share of the U.S. population aged 18 to 31 living in their parent’s home increased to 36 percent or a record 21.6 million young adults in 2012. The share of the same age group living with… Read More ›

55+ HMI Index Soars in 2nd Quarter

All components of NAHB’s 55+ Housing Market Index showed major growth in the 2nd Quarter of 2013. Compared to the 2nd Quarter of 2012, both the single-family and the multifamily indices jumped 24 points: the single-family from 29 to 54 points, and the multifamily from 19 to 43 points.  Both indices are comprised of several components and all of the… Read More ›

Welcome to Our New Economist Joshua Miller

This week Dr. Joshua Miller joined the staff of the Economics and Housing Policy Group here at NAHB. Among other research responsibilities, Josh will be working with NAHB’s local economic impact model, which estimates job creation and economic benefits that flow from home building. You can read the biographies of Josh and the other economics staff who contribute to Eye on… Read More ›

NAHB/First American Improving Markets Index Up Again

The number of markets that continue to show improvement increased to 263 or 73 percent of all markets measured. The June NAHB/First American Improving Markets Index counts the number of metropolitan areas that have seen at least six months of improvement in single-family housing permits, house prices and employment. The index is up 5 from May which had dropped 15… Read More ›

Remodelers Report Labor Shortages

A recent NAHB survey reveals that professional remodelers have begun to see some shortages of directly employed labor as well as of subcontractors.  The findings come from the Labor Availability Report EXTERNAL for the first quarter of 2013, which asked remodelers about shortages for 12 different trades:   Rough Carpenters   Finished Carpenters   Electricians   Excavators   Framing crews  … Read More ›

Existing Sales and Prices Increase

Existing home sales increased 0.6% in April from an upwardly revised level in March, and were up 9.7% from the same period a year ago. The National Association of Realtors (NAR) reported that April 2013 total existing home sales were at a seasonally adjusted rate of 4.97 million units combined for single-family homes, townhomes, condominiums and co-ops. That compares to… Read More ›

Government Issues New Definitions for Metropolitan Statistical Areas

The Office of Management and Budget (OMB) recently issued new delineations  for the nation’s Metropolitan Statistical Areas (MSAs) and Metropolitan Divisions, based on data from the 2010 Census.  Major changes to MSA definitions take place every 10 years, when population counts and commuting patterns are revised following the decennial census.  In 2013, 23 brand new areas were designated as MSAs:… Read More ›

How Big a Home Do Home Buyers Want?

In the world of home buyer preferences, there is one question that pops up more often than any other:  how much space are home buyers looking for?  NAHB’s study What Home Buyers Really Want answers this important question, based on responses from more than 3,600 home buyers, sampled to represent all home buyers in the country[1]. Among all home buyers… Read More ›

Housing Affordability Increases at Year-End 2012

Exceptionally low interest rates helped ensure a slight gain in nationwide housing affordability amid relatively stable house prices in the final quarter of 2012. The NAHB/Wells Fargo Housing Opportunity Index (HOI) rose to 74.9 percent, up from 74.1 percent in the third quarter. The HOI is the share of new and existing homes sold in a quarter affordable to a… Read More ›

Securitizations of Household Debt Accounted For Bond Market Growth

U.S. bonds outstanding have grown from $2.5 trillion in 1980 to $36.9 trillion in 2011. Over this period mortgage-related and asset-backed securities accounted for much of this increase. According to Chart 1, the amount of mortgage-related and asset-backed securities outstanding grew from $0.1 trillion in 1980 to $10.2 trillion by 2011. The growth in mortgage-related and asset-backed securities exceeded the… Read More ›