Tag Archive for ‘home building’

Five-Plus Starts Sustain Longest Stretch Above 200K Since 2008

In April, the (seasonally adjusted) annual rate of starts in buildings with five or more apartments increased by 4 percent from the revised figure for March, to 217,000.  However, the biggest multifamily news in the latest release from the Census Bureau’s Manufacturing and Construction Division lies in the revisions to previous numbers.  The five-plus starts rate for February was revised upward by 8… Read More ›

NAHB Remodelers Tackle Jobs of All Sizes, but Greatest Share of Revenue Comes from Large Projects

Answers to questions on NAHB’s Remodeling Market Index (RMI) survey show that remodeling projects in every price range account for at least 9 percent of NAHB remodelers’ business (in dollar volume).  Even jobs that bring in less than $2,500 each account for 10 percent. Given the small amount of revenue per job, and the challenges that scheduling a large number… Read More ›

Confidence in the 55+ Housing Market Still Below 50, but Improves Significantly in the First Quarter

According to NAHB’s latest 55+ Housing Market Index (HMI) survey, builder confidence in the 55+ housing market for single-family homes increased significantly in the first quarter of 2012 compared to the same period a year ago. The 55+ single-family HMI increased 10 points to 27, and although 27 is relatively low for an index that lies on a scale of 0… Read More ›

Eye on the Economy: Waiting for Stronger Growth

*Eye on the Economy is an NAHB newsletter that is published every two weeks and takes a larger view of recent economic and housing policy news. Beginning today, we will publish this biweekly economic overview on Eye on Housing as well. The new year opened with hope that the 3% growth rate of Gross Domestic Product (GDP) reported for the… Read More ›

Construction Jobs: Hiring Down but Open Positions Rising

March data from the Job Openings and Labor Turnover Survey indicate a noticeable slowdown in construction sector hiring. Evidence suggests that this slowdown is more likely related to unusually warm weather and not underlying economic factors. For the economy as a whole, hiring rates have remained basically flat since the beginning of 2010. This is reflected in recent payroll employment reports that… Read More ›

Bathrooms Top Kitchens as Most Popular Remodeling Project in 2011

Special questions included on NAHB’s Remodeling Market Index (RMI) survey show that home owners remain interested in updating the most heavily used rooms in their homes.  Bathroom remodeling was a common job in 2011 for 78 percent of the remodelers responding to the 1st Quarter 2012 RMI survey—highest for any type of remodeling project included on the questionnaire—followed by kitchen… Read More ›

NAHB Finds Problems of Existing Housing Stock Often Understated

The traditional method for measuring the quality of homes, developed by the Department of Housing and Urban Development (HUD), shows only about 1.5 percent as severely inadequate.  Using the same data source (the HUD/Census Bureau American Housing Survey), NAHB defined inadequate housing in a way that not only helps explain why prices and rents are sometimes lower than expected, but also shows… Read More ›