Tag Archive for ‘home building’

November New Home Sales Trend Higher

New home sales posted a small gain in November, after downward revisions for prior months. However, the sales pace for newly-built single-family homes is ending the year strong, with solid demand pointing to additional construction gains in 2020. Contracts for new, single-family home sales increased slightly in November by 1.3% to a 719,000 seasonally adjusted annual rate according to estimates… Read More ›

Lot Shortages Ease Slightly, But Remain a Problem

The shortage of lots that has been hindering the housing recovery eased somewhat in 2019, but remains elevated by historical standards, according to a recent survey conducted by the National Association of Home Builders (NAHB). The survey consisted of a set of special questions included on the instrument for the September 2019 NAHB/Wells Fargo Housing Market Index (HMI). The survey asked… Read More ›

Share of New Homes with Patios Edges Up Again

Of the roughly 876,000 single-family homes started in 2018, 59.4 percent came with patios, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD).  This is the highest the number has been since NAHB began tracking the series in 2005.  The incidence of patios on new homes… Read More ›

Single-Family Starts Rebound Continues in November

According to estimates from the Housing and Urban Development and Commerce Departments, single-family starts expanded in November, albeit off downwardly revised numbers from prior months. The three-month moving average for single-family construction is currently at a post-recession high, which combined with strong reporting from the NAHB/Wells Fargo Housing Market Index (HMI), indicates future growth ahead. Single-family starts increased 2.4% to… Read More ›

Builder Confidence Ends Year Strong on Solid Economic Fundamentals

Builder confidence in the market for newly-built single-family homes increased five points to 76 in December off an upwardly revised November reading, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This is the highest reading since June of 1999. Builders are continuing to see the housing rebound that began in the spring,… Read More ›

Regional Data on Single-Family Permits in October

Over the first ten months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 727,301. On a year-over-year (YoY) basis, this is a 1.6% decline over the October 2018 level of 739,120. Year-to-date ending in October, single-family permits reported declines in three regions and a slight increase in the South. The Northeast reported the steepest decline… Read More ›

Garages in New Homes: 2018 Data

A majority of new homes that completed construction in 2018 included two-car garages (64%), according to NAHB analysis of 2018 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions. Except for West North Central division, the 2-car garage was the largest share of completed homes in all other divisions…. Read More ›

Gain for Construction Loan Volume During Third Quarter

After a slight (and delayed) dip in interest rates for AD&C loans, the stock of outstanding residential construction loans expanded during the third quarter of 2019. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased 0.8%. The volume of loans increased by $628 million during the quarter, placing the total stock of loans at $80.3 billion…. Read More ›

Share of New Homes with Decks Declines in 2018

Of the roughly 876,000 single-family homes started in 2018, 22.6 percent included decks, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). This is down over a full percentage point from he 23.8 percent recorded a year earlier. From 2005 to 2008, the share of new… Read More ›