Uncategorized rss

The Delayed American Household

According to a recent report by the Census, married couples with children account for only 19.6% of all households in the U.S.  The new figure represents a drop of 4.5 percentage points from 2000 when 24.1% of all households in the U.S. were married couples with children. The share of total households in 1970 was 40.3%. As the share of… Read More ›

Consumer Prices Increasing at a Slower Pace

In August, consumer prices rose by 0.1% on a seasonally adjusted month-over-month basis according to data released by the Bureau of Labor Statistics (BLS). Over the past twelve months, prices on expenditures made by urban consumers increased 1.5% before seasonal adjustments. The August release shows a slower pace of growth in prices for urban consumers for the second consecutive month…. Read More ›

New Index Shows Regulation High in New England, Pacific States

A recent study is the first to construct an annual measure of housing supply regulations for the contiguous United States. The new housing supply regulation index constructed by Peter Ganong and Daniel Shoag examines the scaled count of state appeals court decisions that mention “land use.” States with a higher share of court decisions mentioning “land use” are thought to… Read More ›

Consumers Expecting Higher Interest Rates

Another set of monthly mixed results for consumer confidence was reported as the Consumer Sentiment Index decreased while the Consumer Confidence Index increased slightly. According to Thomson Reuters and the University of Michigan, the Consumer Sentiment Index fell in August by 3 points from the previous month’s six-year high of 85.1. Meanwhile after declining in July, the Conference Board reported that the Consumer… Read More ›

Construction Spending: Improving at a Slower Rate

Total private residential construction spending increased marginally to a seasonally adjusted annual rate of $334.6 billion in July 2013 according to Census estimates. Spending continues to improves, but remains well below the peak pace of $676.4 billion in March 2006. The current reading is 17.2% higher than a year ago. Single-family spending registered a slight increase of 0.5% for the month, while the home improvement category… Read More ›

More Americans Move in 2012

According to the Current Population Survey (CPS) conducted by the U.S. Census Bureau in 2012, 35.3 million individuals moved within the United States. This increase in moves is an important component of pent-up housing demand. An individual is classified as a mover if the place of residence at the March survey differs from the place of residence one year earlier…. Read More ›

New Home Sales Falter

The annual rate of new home sales dropped 13.4% to an annual rate of 394,000 in July. All four census regions experienced a decline ranging from 5.7% in the Northeast to 16.1 % in the West. The July rate takes annual sales levels back to the late 2012 levels and below the 448,000 first half of 2013 average. The decline… Read More ›

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 ›