Eye On Housing
Author Archives
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Strong Year-over-Year Gains for July Single-Family Permits
Over the first seven months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 525,623. On a year-over-year (YoY) basis, this is an 5.8% increase over the July 2019 level of 496,726. Year-to-date ending in July, single-family permits across the four regions ranged from an increase of 8.6% in the South to a decline of 1.7% in the Northeast…. Read More ›
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COVID-19 Pandemic Impact on Global Construction and Housing Sectors
Jack Rutherford served as an intern for the NAHB Economics Group during the summer of 2020. He authored the following post. COVID-19 Pandemic Impact on Global Construction and Housing Sectors The impact of COVID-19 on the home building industry is a key concern for most, if not all, countries. There are common vulnerabilities in the global home building industry that… Read More ›
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Unemployment Rates in the Top Single-Family Building Metros
Like much of the nation, the top single-family home building metros are facing elevated jobless rates. Reported below are the top 10 metro areas by number of single-family permits authorized over the first six months of 2020. Combined, these top building markets issued 30.6% of all single-family permits through June. Metropolitan Statistical Area Single-family Permits: June (Units #YTD, NSA) Houston-The… Read More ›
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New York Led with Employment Gains in July
Nonfarm payroll employment increased in 47 states and the District of Columbia, in July compared to the previous month. The largest increase came from New York, which added 176,600 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 1.8 million over the month of July, following an increase of 4.8 million… Read More ›
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Housing Rebound: Year-over-Year Gains for June Single-Family Permits
Over the first six months of 2020 – and after the onset of the impact of the coronavirus – total single-family permits issued year-to-date (YTD) nationwide reached 433,484. On a year-over-year (YoY) basis, this is an 3.8% increase over the June 2019 level of 417,453. Year-to-date ending in June, single-family permits across the four regions ranging from an increase of… Read More ›
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California Led with Employment Gains in June
Nonfarm payroll employment increased in all 50 states and the District of Columbia, in June compared to the previous month. The largest increase came from California, which added 558,200 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 4.8 million over the month of June, following an increase of 2.7 million… Read More ›
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Single-Family Permits Slow-Down in May
Over the first five months of 2020 – and at the onset of the impact of the coronavirus, total single-family permits issued year-to-date (YTD) nationwide reached 348,898. On a year-over-year (YoY) basis, this is an 2.0% increase over the May 2019 level of 342,116, but a slowdown compared to April YoY rate of 8.5%. Year-to-date ending in April, single-family permits… Read More ›
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GDP Decreases in All States and D.C. in the First Quarter of 2020
Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the first quarter of 2020 compared to the last quarter of 2019, as a result of the widespread shutdowns across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis,… Read More ›
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Texas Led with Substantial Employment Gains in May
Nonfarm payroll employment increased in 49 states and decreased in Hawaii and the District of Columbia, in May compared to the previous month. The largest increase came from Texas, which added 237,800 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 2.5 million over the month of May, following a revised… Read More ›
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Single-Family Permits Robust in April
Over the first four months of 2020 – and at the onset of the impact of the coronavirus, total single-family permits issued year-to-date (YTD) nationwide reached 283,344. On a year-over-year (YoY) basis, this is an 8.5% increase over the April 2019 level of 261,119. Year-to-date ending in April, single-family permits across the four regions ranging from an increase of 11.5%… Read More ›