Tag Archive for ‘housing’

Core Inflation Ticks Up

The Bureau of Labor Statistics reported that prices faced by urban consumers rose by 0.1 percent over the month of October, slowing down from the 0.5 percentage point increase in September and the 0.4 percentage point rise in August. Over the past year, headline CPI grew by 2.0 percent on a not seasonally adjusted basis, slower than then 2.2 percent… Read More ›

Declining New Home Size Trend Continues

After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during the third quarter of 2017. This change marks a reversal of the trend that had been in place as builders focused on the higher end of the market during the recovery. As the entry-level market expands, NAHB expects typical new home size… Read More ›

Housing Starts Rise in October

Total housing starts increased in October, with solid readings from the single-family sector. Total starts increased 13.7% to a 1.29 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. A jump in multifamily construction also increased the headline rate. Single-family starts increased for the month, rising to an 877,000 seasonally adjusted rate in… Read More ›

Home Features that Use Water

Almost exactly half of residential water use consists of water used outside the home (e.g., for watering lawns), according to a recent NAHB study.  Indoors, the biggest users of water are toilets, followed by showers, faucets, clothes washers and leaks. These results of the NAHB are based on data that became available in 2016 in the form of Residential End Uses of… Read More ›

Builder Confidence Climbs to 8-Month High in November

Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March. Despite the increase, builders continue to face supply-side constraints, such as lot and labor shortages and ongoing building material price increases. Nonetheless, demand for single-family housing is… Read More ›

Fed Survey Confirms Broader Economic Improvement

Information provided by the Federal Reserve Board in its October 2017 release of the Senior Loan Officer Opinion Survey (SLOOS) indicates that lending standards on commercial and industrial (C&I) loans to large and medium-sized firms continue to ease on net. The continued easing in standards on C&I loans suggests that that the loan stock of C&I loans continued to expand…. Read More ›

How Much Water Homes Use

The residential sector accounts for less than 8 percent of water used in the U.S., according to a recent study published by NAHB. The recent NAHB study draws on information published by the U.S. Geological Survey (USGS).  The USGS compiles data on water use  every five years.  The latest numbers (from 2010) were published in 2014.  The USGS labels water used by residences as “domestic.”  NAHB follows terminology… Read More ›

Construction Job Openings in September

The count of unfilled jobs in the construction sector declined in September. Given the significant need for repair and restoration work in the wake of Hurricanes Harvey and Irma, we can expect increases in the months ahead. 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)… Read More ›

Private Inventories Contribute to Q3 GDP Growth

The Bureau of Economic Analysis (BEA) reported that real gross domestic product (GDP) rose by 3.0 percent over the third quarter on a seasonally adjusted annual rate basis. However, residential fixed investment (RFI) fell by 6.0 percent over the quarter. Despite the decline in the RFI component, the contribution of gross private investment to GDP growth rose, reflecting a large… Read More ›

LMI Indicates Continued Improvement Across The Country In The Third Quarter

According to the NAHB/First American Leading Markets Index (LMI), 84 percent, 282 metropolitan statistical areas, recorded growth in their LMI Score over the third quarter of 2017. The index uses single-family housing permits, employment, and home prices to measure proximity to a normal economic and housing market. The index is calculated for 337 local markets, metropolitan statistical areas (MSAs), as well as… Read More ›