Tag Archive for ‘housing’

New Home Sales End 2019 with 10% Gain

New home sales were effectively flat in December, after downward revisions for prior months. However, the sales pace for newly-built single-family homes ended 2019 with a gain of 10%, increasing to a total of 681,000. This marks 2019 as the best year for new home sales since the Great Recession. Contracts for new, single-family home sales declined slightly in December… Read More ›

Age-Restricted Homes Slightly Smaller, Pricier than Others Started in 2018

Of the roughly 875,000 single-family and 375,0000 multifamily homes started in 2018, 29,000 and 31,000, respectively, were age-restricted according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD).  A housing development can legally restrict the ages of its residents, provided it conforms to one of the set… Read More ›

Custom Home Building Annual Share

According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share declined to 19.5 percent of all single-family homes started in 2018—lowest since mid-2000. Contractor-built or owner-built houses – that together make up the custom home market – are built one at a time for owner occupancy on owner’s land with either the owner or a… Read More ›

Builder Confidence Begins Year Strong as Single-Family Growth Continues

Builder confidence in the market for newly-built single-family homes edged one point lower to 75 in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The last two monthly readings mark the highest sentiment levels since July of 1999. Low interest rates and a healthy labor market combined with a need for additional inventory… Read More ›

A Decade of Home Building: The Long Recovery of the 2010s

Home building in the 2010s was a story of the Long Recovery. After the Great Recession, the number of home builders declined significantly, and housing production was unable to meet buyer demand. This deficit of housing in the United States continues to exist because of persistent supply-side headwinds for builders, creating a critical housing affordability challenge for renters and homebuyers…. Read More ›

Builders’ and Remodelers’ Use of Technology in 2019

According to a recent NAHB study, although use of some factory-produced components like trusses has become widespread, the newer and more innovative types of construction technology, such as 3D printing and robots, have so far penetrated the residential market only to a very limited extent.  This is true for both single-family builders and residential remodelers. Data on use of technology… Read More ›

Continued Rise in Community Associations in New Homes Built

According to data from the Census Bureau’s Survey of Construction (SOC), 62.5 percent of all homes started in 2018 were built within a community or homeowner’s association. A total of 543,000 homes with community associations were started in 2018, compared to 508,000 in 2017. The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common… Read More ›