Tag Archive for ‘remodeling’

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 ›

Count of Open Construction Jobs in March

The number of open, unfilled construction sector positions remained elevated in March. Over the last few months, the construction labor market has experienced swings in the monthly count of new hires, as the share of open construction jobs has trended higher. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a… Read More ›

Residential Remodelers Account for 22% of NAHB Builder Membership

According to NAHB’s 2014 membership census, 22 percent of NAHB’s builder members are residential remodelers. The share of members reporting residential remodeling as their primary activity peaked in 2011 and has been steadily declining over the past three years. In 2011, 28 percent of NAHB’s builder members were residential remodelers, compared to 26 percent in 2012, 24 percent in 2013,… Read More ›

Declines for Residential Construction Spending in March

NAHB analysis of Census construction spending data finds that over the last year, the pace of private single-family construction spending increased 7.8% and multifamily construction spending increased 23.4%, despite monthly declines for March. For the month, the seasonally adjusted annual rate of single-family construction spending was $200.7 billion, down 1.8% from February. The March rate of multifamily construction spending was $49.2 billion, 2.1% lower than February. The… Read More ›