Tag Archive for ‘housing’

Mortgage Rates Rise

The Federal Housing Finance Agency (FHFA) reported that contract mortgage rates rose by four basis points to 4.05 percent in January 2018. After falling to 3.93 percent following its February 2017 peak of 4.18 percent, rates on purchases of newly built homes have risen 12 basis points over two months to 4.05 percent. At this level, mortgage rates remain below… Read More ›

Solid Fourth Quarter Economic Growth Confirmed

In its second estimate, the Bureau of Economic Analysis (BEA) reported that the nation’s economy, measured by real gross domestic product (GDP), grew by 2.5 percent in the fourth quarter of 2017 on a seasonally adjusted annual rate basis. The second estimate is 0.1 percent point less than the 2.6 percent growth rate recorded in the first or “advance” estimate…. Read More ›

New Single-family Home Sales Start 2018 Lower

According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, sales of new single-family homes fell by 7.8 percent over the month of January. The decrease in sales partly reflected an upward revision in the December estimate from 625,000 to 643,000. However, sales fell below the 600,000 level to 593,000. Despite the second consecutive decrease… Read More ›

Multifamily Built-for-Rent Share Remains Elevated

The market share of rental multifamily construction starts ticked back up to an elevated level of 95% in the fourth quarter of 2017, according to NAHB analysis of Census data. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. The average share of 80% was recorded during the 1980-2002… Read More ›

Small Gain for Custom Building in 2017

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that with a small gain for the year, 2017 set a post-recession peak for custom home building starts (homes built on an owner’s land, with either the owner or a builder acting as the general contractor). There were 40,000 total custom starts for the final… Read More ›

Townhouse Construction Expands

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts continue to post gains. Over the course of 2017, townhouse starts totaled 104,000, 7% higher than 2016. Townhouses, or single-family attached housing, accounted for 29,000 starts during the fourth quarter of 2017, 21% higher than the total during the fourth… Read More ›

Total Housing Starts Near Post-Recession High

Total housing starts increased in January, led by strong gains for multifamily development. Starts jumped 9.7% to a 1.33 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. The pace of single-family starts expanded in January, rising 3.7% to an 877,000 seasonally adjusted annual rate. The three-month moving average for single-family starts remained… Read More ›

Builder Confidence Stays at Strong Level in February

Builder confidence in the market for newly-built single-family homes remained unchanged at a healthy level of 72 in February on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Demand conditions are positive, but supply-side construction hurdles need to be managed, as scarce labor and building material price increases remain top concerns. In particular, the HMI gauge of… Read More ›

Inflation Steady with Growth in January

The Bureau of Labor Statistics reported that a measure of inflation, its Consumer Price Index – Urban Consumer (CPI), rose by 2.1 percent over the past 12 months, similar to the 12-month rate of growth recorded in December. Meanwhile, core inflation, which excludes the more volatile energy and food prices, rose by 1.8 percent, also matching its growth rate in… Read More ›

Most Buyers Actively Trying to Get a Home Have Been Searching for 3 Months+

NAHB regularly conducts national polls of American adults and home buyers in order to understand new trends and preferences in the housing market. This is the third in a series of posts highlighting poll results, as presented during the 2018 International Builders’ Show in Orlando, FL.  See previous posts on tiny homes and driverless cars. A recent poll revealed that… Read More ›