Single-Family Permits End 2024 with Strong Momentum
Over 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 981,834. On a year-over-year (YoY) basis, this is an increase of 8.0% over the 2023 level of…
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A Pause for the Fed
…Trump win came into focus. A future risk for long-term interest rates and inflation expectations will be fiscal policy and government debt levels. Extension of the 2017 tax cuts will…
Top Posts of 2022: The Nation’s Stock of Second Homes
With the end of 2022 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In May, Na Zhao reported on concerning…
The Nation’s Stock of Second Homes
According to NAHB estimates, the total count of second homes was 7.15 million in 2020, accounting for 5.11% of the total housing stock. This represents the most recent data available….
Surprising Job Growth in February
Job growth accelerated in February with widespread gains across industries. Total nonfarm payroll employment increased by 678,000 in February, and the unemployment rate edged down to 3.8%. Construction industry employment…
HELOC Win Retains $760 Million in Remodeling Incentives
Ever since the inception of the U.S. income tax in 1913, home owners have been able to deduct interest paid on home equity loans (HELOCs). The Omnibus Budget Reconciliation Act…