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Housing Preferences across Generations (Part II)

Findings from the latest NAHB study on housing preferences, Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers, shows there are some similarities and differences in what home buyers of different generations want in terms of square footage and number of bedrooms in a new home. When asked how much finished space they would like to… Read More ›

Housing Production Rebounds

Builders started production on 1,178,000 homes in February on a seasonally-adjusted annualized basis. That is a 5.2% increase over a modest slump in January and a 30.9% increase from last February. The increase was broad based with both single-family increasing 7.2% to its highest level since November 2007 and multifamily virtually unchanged at a 0.8% increase. As further evidence of… Read More ›

Consumer Credit Grows on Student, Auto Loans

Consumer credit outstanding grew by a seasonally adjusted annual rate of 3.6%, $126.5 billion, in the month of January 2016, 3.7 percentage points slower than the 7.3% rate of growth recorded in December 2015. Consumer credit outstanding now totals $3.544 trillion. According to the Federal Reserve Board’s Consumer Credit Report, the increase in total consumer credit outstanding reflected an expansion in the… Read More ›

Housing Preferences across Generations (Part I)

NAHB recently released its latest study tracking the evolution of home buyer preferences, titled Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers.   The study answers key questions on how various designs influence the home purchase decision as well as the location, features and size of the home consumers want.  Based on a nationwide survey of… Read More ›

Updates to the Snapshot of Local HBA Economic and Housing Statistics

NAHB recently updated an online tool that provides economic and housing statistics for all local associations.  The tool allows users to easily compare local area statistics to other associations, state and national figures. In addition to providing members with information on the local market, executive officers may find this tool helpful when responding to requests from local media. The statistics provided are… Read More ›

Multifamily Outlook Still Positive despite Index Dip in Fourth Quarter

The National Association of Home Builder’s Multifamily Production Index (MPI), which measures builder and developer confidence in the apartment and condominium markets, dropped four points to 52 in the fourth quarter of 2015 (Figure 1). Although the index declined, it is still above the break-even point of 50, and has been at or above the break-even point for 16 consecutive… Read More ›

Foreclosure Starts Rate Falls

The delinquency rate for first-lien mortgage loans on 1-4 unit residential properties decreased to a seasonally adjusted rate of 4.77% of all loans outstanding at the end of the fourth quarter of 2015, 22 basis points less than its level in the third quarter of 2015 and 91 basis points below its level one year ago. According to the report, released by… Read More ›

New Home Sales Pause

Consumers signed contracts to purchase new homes at an annual rate of 494,000 in January. The monthly number is 9.2% below the December level but the December report was higher than expected. The two month average is 519,000, which is more in line with expectations and trend. Two regions increased and two declined with the West falling 32.1% to 110,000…. Read More ›