Tag Archive for ‘housing’

Home Buyer Preferences for Green Features Remain Stable

In NAHB’s latest home buyer preference survey, buyers gave high marks to particular types of green features. Indeed, ENERGY STAR® rated appliances ranked second from the top among 150 different home and community features that buyers rated on a consistent scale.  Comparing results over the last several surveys shows a stable trend: preferences for particular green features in 2015 were about… Read More ›

Mortgage Debt Outstanding Expands On Growing Originations

According to the Household Debt and Credit Report released by the Federal Reserve Bank of New York, aggregate household debt outstanding totaled $12.252 trillion in the first quarter of 2016, 2.4%, $401 billion, greater than its level of one year ago. The report found that non-housing related debt outstanding (auto loans, credit cards, student loans and other debt) increased year-over-year… Read More ›

NAHB Releases Remodeling by Zip Code Estimates for 2016

NAHB has released its latest projections of spending on improvements to owner-occupied housing by zip code. The projections show total spending on improvements, the number of owner-occupied homes, as well as average spending per improvement, in each zip code for calendar year 2016.  Also shown for each zip are 2016 projections for the five key variables NAHB uses to estimate home improvement… Read More ›

New Home Sales Surge in April

Rising to the highest monthly pace since early 2008, new single-family home sales recorded strong gains in April, according to estimates from the Census Bureau and the Department of Housing and Urban Development. Increasing 16.6% on a monthly basis and 23.8% year-over-year, the pace of new home sales came in at 619,000 on an annualized basis. Sales increased for all regions… Read More ›

Lending Standards on AD&C Financing Continue to Ease, but at a Diminished Pace

According to NAHB’s Survey on Acquisition, Development & Construction Financing, builders and developers again reported easing credit standards for acquisition, development, and construction (AD&C) loans. However, the pace of easing continues to slow from previous periods. In the first quarter of 2016, 13.3% of survey respondents on net indicated that overall lending standards on AD&C loan availability had eased. In… Read More ›

Shortage of Lots Now Worse Than Ever

NAHB’s measure of lot shortages hit a new record in May. In answer to special questions on the survey for the NAHB/Wells Fargo Housing Market Index, 64 percent of builders reported that the supply of lots in their markets was low or very low—up from 62 percent last year and the highest the lot shortage percentage has been since NAHB began collecting the… Read More ›

Multifamily Production: 1st Quarter 2016

An elevated market share for rental multifamily homes is holding typical new apartment size below levels seen during the pre-recession period. However, as multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. The recent pattern of change in the size of new multifamily units stands in contrast to the post-recession increase in the size of… Read More ›

15% Tariff on Canadian Lumber Would Cost 4,666 U.S. Jobs

Recent NAHB estimates show that a 15% tariff on softwood lumber imported from Canada would have resulted in a loss of had it been applied to all Canadian producers in 2014.  NAHB analyzed 15%, because that was the maximum tariff in the Softwood Lumber Agreement that expired last year.  NAHB analyzed 2014, because that was a recent year with complete data, seemed representative… Read More ›

Eye on the Economy: Builders Remain Cautiously Confident

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. April’s home construction data and May’s builder confidence reading tell a similar story with respect to home building at the start of the second quarter. Housing demand is promising, particularly given constrained conditions for existing home inventory. But while home building continues to grow, the industry is… Read More ›