Tag Archive for ‘remodeling’

Pending Sales Continue Momentum

The Pending Home Sales Index increased for the fifth straight month to the highest level in over nine years. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 0.9% in May to 112.6, and climbed to 10.4% above the May level a year ago. Regionally, the May… Read More ›

Housing’s Share of GDP Expanded at the Start of 2015

With the release of the final estimates of first quarter 2015 GDP growth (a decline of -0.2%), housing’s share of gross domestic product (GDP) grew to 15.45%, with home building and remodeling yielding 3.14 percentage points of that total. Housing-related activities contribute to GDP in two basic ways. The first is through residential fixed investment (RFI). RFI is effectively the measure of the home building… Read More ›

Elevated Number of Construction Job Openings for April

The number of open, unfilled construction sector positions has been elevated during 2015, with one measure of job openings for the industry reaching cycle highs. 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) declined from 168,000 to 153,000 from March to April. However, the 168,000… Read More ›

April Gains for Residential Construction Spending

NAHB analysis of Census construction spending data finds that the pace of residential construction spending improved on both a monthly and year-over-year basis for April. For the month, the seasonally adjusted annual rate of single-family construction spending was $206 billion, up 1.6% from March. The April rate of multifamily construction spending was $51 billion, 3.1% higher than March. On a year-over-year basis, the pace of single-family construction spending… Read More ›

Existing Home Sales Pause

Existing home sales declined 3.3% in April, despite the fact that almost half of April sales remained on the market less than one month. The National Association of Realtors (NAR) reported April 2015 total existing home sales at a seasonally adjusted rate of 5.04 million units combined for single-family homes, townhomes, condominiums and co-ops, down from an upwardly revised 5.21… Read More ›

Nearly 90% of NAHB Remodelers Commonly Use Low-E Windows

Energy efficient windows again ranked as green feature commonly used by the most remodelers in NAHB’s Remodeling Market Index (RMI) survey for the first quarter of 2015.  Nearly 9 out of 10 remodelers surveyed said they’d commonly used low-e windows during the past year. Next on the list were high efficiency HVAC systems, programmable thermostats, and ENERGY STAR appliances, each… Read More ›

Producer Prices in April – Up in March, Down in April

The Bureau of Labor Statistics (BLS) released the Producer Price Indexes (PPI) for April. Inflation in prices received by producers (prior to sales to consumers) fell 0.4% in April after a modest increase (0.2%) in March. The decline was dominated by goods, and mainly energy, but prices for services also declined by 0.1%. Prices for gypsum flattened out in April… Read More ›

What Builders are Building

Based on a December 2014 survey of builders, the Walk-in Closet in the Master Bedroom and the Laundry Room ranked as the top two features builders are most likely to include in new 2015 homes. Scored by a choice of Very Likely equal to 5 and a Not at All Likely choice equal to 1, these top two features rated… Read More ›