Tag Archive for ‘home building’

Improving Markets at 101

The number of metropolitan markets on the NAHB/First American Improving Markets Index (IMI) rose to 101 in April from 99 in March.  Markets on the list must have improved in the three critical indicators of employment, housing permits and home prices for six months or more.  In April, 88 markets remained from the March list, 13 more were added and… Read More ›

NAHB Completes Landmark 700th Local Impact of Home Building Study

Since 1996, NAHB has been producing customized studies that estimate the jobs, income, and taxes generated by home building in various metropolitan areas, non-metropolitan counties, and states across the country.   Early in 2012, NAHB delivered the 700th such study to the customer who commissioned it.   Parts of the country covered by the 700 NAHB local impact studies to date are shown in the map… Read More ›

What Will Unlocked Pent-Up Housing Demand Look Like?

NAHB has estimated that as a result of current economic conditions, there are approximately 2.1 million households that were expected to form in the last few years but did not. These “potential” households typically represent people doubling and tripling up on roommates and young adults living with parents. Unlocking this pent-up demand, a process that will be facilitated by an… Read More ›

NAHB’s Spring 2012 Construction Forecast Webinar

Sign up for NAHB’s April 25, 2012 Construction Forecast Webinar and join the conversation about the housing market.  David Crowe, NAHB Chief Economist Chris Varvares, President, Macroeconomic Advisers Robert Denk, NAHB Assistant Vice President for Forecasting and Analysis Listen to the experts. Ask your questions.   NAHB Wells Fargo Housing Market Index is up 14 points over the past six… Read More ›

New Home Sales Stall

The rate of new home sales fell in February to an annual pace of 313,000 down 1.6% from January’s 318,000 but off 6.8% from December’s revised 336,000, which marked a high point since the end of the home buyer tax credit in spring 2010. The three-month moving average sales pace remains the highest in almost two years. The fall off… Read More ›

Property Taxes Remain Historically High

Property taxes are an important source of revenue for state and local governments to finance government services, particularly education. And despite claims to the contrary, property tax payments continue to provide an outsized share of state and local tax collections. In fact, Census data of state and local government tax collections for the final quarter of 2011 indicate a small… Read More ›

Construction Employment Continues to Grow in 2012

The year 2011 was the first year since 2006 for which the overall construction sector added net jobs. And January data from the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics indicate that the construction sector continues to expand. For the economy as whole, hiring continues at rates that add net jobs to the economy. The… Read More ›