Eye On Housing
Author Archives
-
Who Are NAHB’s Associate Members?
Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization. Similar to a previous post about builder members, NAHB conducted a related analysis of its associate members. In 2022, 65% of NAHB’s members were associate members—those involved in a wide range of… Read More ›
-
Multifamily Developer Confidence in Positive Territory for Second Quarter
Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the first quarter while the Multifamily Occupancy Index… Read More ›
-
Who Are NAHB’s Builder Members?
Every year, the National Association of Home Builders (NAHB) conducts a member census to better understand the composition and characteristics of the people who belong to its organization. In 2022, 35% of NAHB’s members were builders—those whose primary business is single-family home building, multifamily building, residential or commercial remodeling, commercial building, land development, or manufacturing of modular/panelized/log homes. The remaining… Read More ›
-
Remodeling Market Sentiment Edged Down in Second Quarter of 2023
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2023 posted a reading of 68, edging down 2 points from the first quarter of 2023. Even though the Fed has maintained a hawkish position when it comes to interest rates as inflation continues to moderate since it is still above their 2 percent target, the demand for… Read More ›
-
San Diego Has Largest Top 10 Builder Market Share in 2022
In a previous blog post, NAHB analyzed the national data released by BUILDER Magazine. Earlier this month, BUILDER Magazine also released Local Leaders data on the top 10 builders in the top 50 largest new-home markets in the U.S. (ranking determined by the number of single-family permits) (Figure 1). The 2022 data shows that the top 10 builders in each… Read More ›
-
Top 10 Builder Share Jumps in 2022
The Top 10 builders captured 43.2% of new single-family home closings (i.e., sales) in 2022, the highest percentage on record based on data released by BUILDER Magazine; this is a 9 percentage point increase from 2021, the largest year-over-year increase since NAHB’s tracking began in 1989. This share represents 276,941 closings out of the 640,500 new single-family home sales reported… Read More ›
-
NAHB Debuts New Index for Multifamily Activity
The National Association of Home Builders (NAHB) redesigned its Multifamily Market Survey (MMS) in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index (HMI) for single-family housing. The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 50 for the first quarter while… Read More ›
-
Grab Bars Remain the Most Common Aging-in-Place Remodel
The NAHB’s Remodeling Market Index (RMI) survey has asked questions about Aging-in-Place (AIP) periodically, beginning in 2004. According to results from the Q1 2023 survey, 63 percent of professional remodelers undertake projects designed to allow homeowners to Age-in-Place, down from 77 percent in Q4 2018. This is the lowest percentage since the Q2 2006 survey (60 percent). When asked… Read More ›
-
Remodeling Market Sentiment Edged Up in First Quarter of 2023
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2023 posted a reading of 70, edging up 1 point from the fourth quarter of 2022. While remodelers are generally more optimistic than their single-family builder counterparts, some are noting negative effects within the market including continued material shortages and higher interest rates. Current overall RMI reading of… Read More ›
-
Cost of Constructing a Home in 2022
The NAHB recently published its latest Cost of Construction Survey. Results show that 60.8% of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% posted in 2019. Since the inception of this series in 1998, this was the fourth time construction costs represent over 60% of the total price of the home (2013: 61.7%, 2015:… Read More ›