Tag Archive for ‘home building’

Flat Trends Continue for New Single-Family Home Size

Size trends of typical newly built single-family homes posted a small decline from the end of 2015 to the first quarter of 2016. The current data is consistent with an end of the shift to the high-end of the housing market, a pattern that took hold during 2014. As builders develop more homes for entry-level buyers, typical home size is expected to trend lower. According to first quarter 2016 data from… Read More ›

April Starts Consistent with Builder Confidence Reading

Single-family housing starts were up 3.3% for the month of April to a seasonally adjusted annual rate of 778,000, according to estimates from the Census Bureau and the Department of Housing and Urban Development. This marks a 4.3% gain in the pace of single-family construction on a year-over-year basis and is consistent with recent flat readings of the NAHB/Wells Fargo… Read More ›

The Song Remains the Same: Builder Confidence Flat

Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The May reading marked the fourth straight month of the HMI standing at an index value of 58. While the HMI remains in positive territory, soft economic data for the start… Read More ›

Serious Delinquency Rates Continue to Fall

In its quarterly National Delinquency Survey, the Mortgage Bankers Association reported that 3.29% of 1-4 family mortgages were seriously delinquent in the first quarter of 2016. Measured on a not seasonally adjusted basis, the rate of serious delinquency, which includes both mortgages that are 90 or more days past due and mortgages in foreclosure, was 0.95 percentage point less than… Read More ›

Number of Unfilled Construction Sector Jobs Keeps Rising

The count of unfilled jobs in the overall construction sector reached another post-Great Recession high in March. 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 210,000 in March. The current estimate represents the highest monthly count of job openings since May 2007. The open position rate (job openings as a percent… Read More ›

Consumer Credit Grows on Eased Lending Standards

The Federal Reserve Board reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 10.0% over the month of March 2016, 5.2 percentage points faster than its growth rate in February. Over the first quarter of 2016, consumer credit outstanding expanded by 6.4%, 0.2 percentage points ahead of the 6.2% rate of growth in the fourth quarter of 2015…. Read More ›

Regulation: 24.3 Percent of the Average New Home Price

A new NAHB study shows that, on average, regulations imposed by government at all levels account for 24.3 percent of the final price of a new single-family home built for sale.  Three-fifths of this—14.6 percent of the final house price—is due to a higher price for a finished lot resulting from regulations imposed during the lot’s development.  The other two-fifths—9.7… Read More ›

Banks Report Continued Tightening on Multifamily, AD&C Loans

Credit standards on loan applications for commercial real estate loans (CRE), which includes land development and construction, multifamily, as well as nonfarm nonresidential loans, tightened over the first quarter of 2016. Moreover, the pace of tightening in each of these types of CRE loans has progressively grown over the past year. More specifically, banks indicate that tightened lending standards over… Read More ›