Tag Archive for ‘single-family’

Builders’ Sentiment Improves

The NAHB/Wells Fargo Housing Market Index for June increased to 59, a five point rise from May and tied for the highest since September 2014. The increase in builder confidence aligns with other recent positive housing news. April starts and permits were up significantly from a depressed March. Single-family starts rose 16.7% from March and were the highest monthly level… Read More ›

More Easing for AD&C Lending Conditions

Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s survey on AD&C financing. In the first quarter of 2015, the overall net tightening index based on the AD&C survey was -33.7, which represents somewhat less easing than in the fourth quarter of 2014 when the index was -35.7. The index… Read More ›

AD&C Loan Growth at the Start of 2015

The volume of residential AD&C loans outstanding expanded 4.8% during the first quarter of 2015, marking the 8th consecutive quarter of growth. The tight availability of acquisition, development and construction (AD&C) loans has been a factor holding back a stronger rebound in home construction. According to data from the FDIC and NAHB analysis, the outstanding stock of 1-4 unit residential construction loans made… Read More ›

Custom Home Building During the First Quarter of 2015

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder acting as the general contractor) posted a slight decline on a year-over year basis from 27,000 starts at the beginning of 2014 to 26,000… Read More ›

New Single-Family Home Size Increases at the Start of 2015

The typical size of newly built single-family homes increased at the start of the year. The trend of increasing new home size leveled off in 2014, but new home size increased during the first quarter of 2015 with a decline in the volume of construction. As first-time buyers return to the market, typical home size is expected to trend lower. According to first quarter 2015… Read More ›

Winter Slump Over

Builders increased building activity in April to a level not seen since November 2007. Total starts increased 20.2% from March to April to a seasonally-adjusted annual rate of 1.135 million. The increase was broad based with a 16.7% increase in single-family starts to a level of 733,000, the highest since January 2008, and multifamily (2 or more units in the… Read More ›

Single-Family and Multifamily Construction Spending Continue to Increase

NAHB analysis of Census construction spending data found that on a 3-month moving average basis, from January 2014, single-family construction spending increased 11.4% and multifamily construction spending increased 28.9%. The seasonally adjusted annual spending for single-family construction was $204.9 billion and $48.9 billion for multifamily construction. Single-family and multifamily construction spending both experienced monthly increases over December estimates. Single-family spending… Read More ›

New Single-Family Home Size Declined in 2014

The typical size of newly built single-family homes declined during 2014. Despite the recent cooling, current typical new home size reflects post-recession increases due to an atypical mix of home buyers. As more first-time buyers return to the market, typical home size will continue to post slight quarterly declines. According to fourth quarter 2014 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor… Read More ›

The Construction Immigrant Worker Flow

New NAHB research estimates the immigrant labor flow into the construction industry over the housing boom and bust years. The results show that more than 135,000 immigrant workers entered the US construction industry at the height of the housing boom in 2005. By 2011, the construction immigrant flow plummeted to a low of 23,000, highlighting the role of new immigrant… Read More ›