Tag Archive for ‘home building’

In Every State, Over 1/3 of Households are 55+

In a recent study, NAHB used newly released American Community Survey data from the U.S. Census Bureau to show that, in the U.S. as a whole, there are a little over 48 million households headed by someone age 55 or older, accounting for roughly 42 percent of all U.S. households. Although the percentage is different in different states, the variation… Read More ›

New Home Sales: Sources of Financing

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals an ongoing long-run trend toward conventional mortgages. According to data from the Census Bureau’s Quarterly Sales by Price and Financing and NAHB calculations, new home sales due to FHA-backed loans were effectively unchanged at a quarterly count of 18,000 and a market share of 16% for the fourth… Read More ›

Existing Sales Surge

Existing home sales, as reported by the National Association of Realtors (NAR), surged 14.7% in December, including an increase in the first-time buyer share to 32%, the highest share since August. December sales snapped back from a November decline partially attributable to delays in closings from the rollout of the Know Before You Owe mortgage disclosure rule by the Consumer… Read More ›

Home Construction Up for 2015

With the December report on housing starts and permits, preliminary totals for 2015 are now available. Total housing starts at 1.11 million were up 10.8% in 2015 compared to 2014. Single-family starts were up 10.4% to 715,300 and multifamily starts were up 11.4% to 396,000. All four census regions also experienced increases in single-family starts for 2015. The monthly change… Read More ›

Builder Confidence Holds Firm in January

Builder confidence in the market for newly-built single-family homes held steady at 60 in January from a downwardly revised December reading of 60, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The January HMI reading is in line with NAHB’s forecast of modest growth for housing. NAHB expects growth in 2016 for the single-family, multifamily, and remodeling sectors… Read More ›

Eye on the Economy: Existing Home Sales Weak Despite Good Job Numbers

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. Sales of existing homes weakened at the end of 2015, despite ongoing good news for job creation. According to estimates from the National Association of Realtors (NAR), the seasonally adjusted volume of home resales declined 10.5% from October to November and were 3.8% lower than a year prior…. Read More ›

Stronger Growth for Residential Construction Employment

The count of unfilled jobs in the overall construction sector increased in November, as hiring in the home building sector accelerated. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 135,000 in November from 121,000 in October. The cycle high of 168,000 open positions was set during March…. Read More ›

Homebuilder and Remodeler Cost Breakdown

NAHB analysis of the latest Economic Census data shows that, on average, residential construction establishments were able to cover their hard and soft construction costs and generate positive profits in 2012. The 2012 data show that the direct costs of construction – consisting of construction payroll, costs of construction work subcontracted out to others, and costs for materials/supplies – vary… Read More ›

Pending Sales Fade

For the third time in four months, the Pending Home Sales Index decreased in November, but has increased year-over-year for 15 consecutive months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased 0.9% in November to 106.9 from an upwardly revised 107.9 in October, but remained 2.7%… Read More ›