Tag Archive for ‘economics’

Townhouse Production Holds Steady

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 14,000 for the first quarter of 2015, effectively unchanged from a year prior. Over the last four quarters, townhouse starts totaled 73,000 nationwide. Using a one-year moving average, the market share of new townhouses stands at 11% of all single-family… Read More ›

Consumer Prices in April – Energy Declines Again, But Overall Prices Remain Positive

The Bureau of Labor Statistics (BLS) reported consumer prices increased in April. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.2%. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 3.1%. Large swings in energy prices account for most of the divergence between CPI and the… Read More ›

Increase for Typical New Multifamily Residence Size

An elevated market share for rental multifamily homes is holding typical new apartment size below levels seen during the housing boom. However, as multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. The recent pattern of change in the size of new multifamily units stands in contrast to the post-recession increase in the size of… Read More ›

Declines for Single-Family Built-for-Rent Market

Single-family homes built-for-rent declined to approximately 2,000 starts for the first quarter of 2015, compared to about 4,000 at the start of 2014. The share and count of built-for-rent starts are off post-recession highs and will approach historical norms as the housing market continues to expand. However, given the relatively small size of this market, care must be taken when tracing changes in the estimates. According… Read More ›

Eye on the Economy: Home Building Jumps in April

Home builders ratcheted up construction in April to a level not seen since November 2007. Total starts increased 20.2% from March to a seasonally-adjusted annual rate of 1.135 million. The increase was broad based, with a 16.7% jump in single-family starts to an annual pace of 733,000, the highest since January 2008, and a multifamily increase of 27.2% to an… Read More ›

Custom Home Building During the First Quarter of 2015

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder acting as the general contractor) posted a slight decline on a year-over year basis from 27,000 starts at the beginning of 2014 to 26,000… Read More ›

New Single-Family Home Size Increases at the Start of 2015

The typical size of newly built single-family homes increased at the start of the year. The trend of increasing new home size leveled off in 2014, but new home size increased during the first quarter of 2015 with a decline in the volume of construction. As first-time buyers return to the market, typical home size is expected to trend lower. According to first quarter 2015… Read More ›

Winter Slump Over

Builders increased building activity in April to a level not seen since November 2007. Total starts increased 20.2% from March to April to a seasonally-adjusted annual rate of 1.135 million. The increase was broad based with a 16.7% increase in single-family starts to a level of 733,000, the highest since January 2008, and multifamily (2 or more units in the… Read More ›

Nearly 90% of NAHB Remodelers Commonly Use Low-E Windows

Energy efficient windows again ranked as green feature commonly used by the most remodelers in NAHB’s Remodeling Market Index (RMI) survey for the first quarter of 2015.  Nearly 9 out of 10 remodelers surveyed said they’d commonly used low-e windows during the past year. Next on the list were high efficiency HVAC systems, programmable thermostats, and ENERGY STAR appliances, each… Read More ›