Tag Archive for ‘eye on the economy’

Custom Home Building Annual Share

According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share declined to 20 percent of all single family homes started in 2017—lowest since mid-2000. Contractor-built or owner-built houses – that together make up the custom home market – are built one at a time for owner occupancy on owner’s land with either the owner or… Read More ›

Eye on the Economy: Labor Market Data Pauses the Fed

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. A surprisingly weak labor market report clearly influenced the Federal Reserve’s decision to keep interest rates steady this week. The Fed noted that jobs gains have slowed and business investment has been soft. Housing, however, remains a bright spot as the economy picks up speed entering the… Read More ›

Eye on the Economy: Home Sales Accelerate in April

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. Building on the recent good news for home construction, new and existing home sales posted gains in April as the economy improved after a weak first quarter. Revised figures from the Bureau of Economic Analysis indicated that the economy grew at a 0.8% rate at the start… Read More ›

Eye on the Economy: Builders Remain Cautiously Confident

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. April’s home construction data and May’s builder confidence reading tell a similar story with respect to home building at the start of the second quarter. Housing demand is promising, particularly given constrained conditions for existing home inventory. But while home building continues to grow, the industry is… Read More ›

Eye on the Economy: Cautious Optimism Heading Into Mid-Spring

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. Builder confidence in the market for newly built single-family homes was unchanged in April, remaining at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). April marked the third consecutive month the index has stayed at this level, indicating that… Read More ›