Tag Archive for ‘home building’

Solid Housing Starts Report for November

Data for housing construction activity in November indicated ongoing high levels of activity as builder confidence remains positive. According to the data from the Census Bureau and HUD, the pace of total November housing starts was down slightly (1.6%) from an upwardly revised October number. The October housing starts estimate was revised up from the initial reading of 1.009 million units (on a… Read More ›

Construction Job Openings Rise in October

The number of open, unfilled construction sector positions increased in October. The number of construction sector job openings was also revised higher for September. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for October (on a seasonally adjusted basis) rose to 136,000, after the September count was revised higher to… Read More ›

Walking and Biking More Common in New Homes

Residents of newly built homes are more likely to bike or walk, according to 2013 American Housing Survey (AHS) data recently released by HUD and the Census Bureau.  The data show that nearly 44 percent of households in new construction either bike or walk, compared to about 40 percent of households overall (see the graph immediately below). In general, walking is more common than biking.  A little under… Read More ›

All Three Components of Home Construction Spending Post Gains

NAHB analysis of total private residential construction spending Census data finds that all three components increased in October. Single-family spending increased 1.8%, multifamily spending increased 1.0% and home improvement spending increased 0.6% from revised September estimates. Total private residential construction spending (all three components combined) increased from the revised September estimate to a seasonally adjusted annual rate of $353.8 billion…. Read More ›

Stock of Residential AD&C Loans Up 17% Over Last Four Quarters

One factor holding back a stronger rebound in home construction has been the tight availability of acquisition, development and construction (AD&C) loans. However, the stock of residential AD&C loans outstanding has been on the rise, posting a 17% gain since the third quarter of 2013. According to data from the FDIC and NAHB analysis, the outstanding stock of 1-4 unit residential AD&C… Read More ›

AD&C Lending Conditions Ease in the Third Quarter

According to an NAHB industry survey, lending conditions for acquisition, development and construction loans continued to ease during the third quarter. In the third quarter of 2014, the overall net tightening index based on the AD&C survey improved (i.e., declined) from -22.7 to -31.0. The index is constructed so negative numbers indicate easing of credit; positive tightening, so a lower… Read More ›

October New Home Sales

New home sales posted a slight gain in October after downward revisions for prior months, according to data released by the Census Bureau and HUD. Sales of new single-family homes were up 0.7% over a downwardly revised pace for September. The October seasonally adjusted annual sales rate came in at 458,000.  This is 1.8% higher than the October 2013 sales… Read More ›