Author Archives

  • Private Residential Spending Is on the Rise

    NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 2.7% in November to a seasonally adjusted annual rate of $658.1 billion. Total private residential construction spending was 16.1% higher than a year ago. The monthly gains are largely attributed to the strong growth of spending on single-family and improvements. Single-family construction spending rose to… Read More ›

  • Personal Income Declined in November

    The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income decreased in November to a seasonally adjusted annual rate (SAAR) of $19,493 billion. It declined 1.1% in November, primarily as a result of the tapering of government economic recovery payments. However personal income from wages and salaries inched up 0.4%, as the economy continued… Read More ›

  • Private Residential Construction Spending Strong in October

    NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $637.1 billion in October. It was up 2.9% over the upwardly revised September estimates. Total private residential construction spending was 14.5% higher than a year ago. The monthly gain is largely attributed to the steady growth of… Read More ›

  • Personal Income Dipped in October

    The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income decreased in October to a seasonally adjusted annual rate (SAAR) of $19,726 billion. It declined 0.7% in October, primarily as a result of the tapering of government economic recovery payments. However personal income from wages and salaries inched up 0.7%, as the economy continued… Read More ›

  • Slab Foundations Are More Common in New Single-family Homes

    NAHB analysis of the Survey of Construction (SOC) shows that 63.2% of all new single-family started in 2019 were built on slab foundations, followed by 22.6% with a full/partial basement and 13.0% with a crawl space. The gap between slab and full/partial basement foundation adoption rates is growing: the share of new homes built on slabs steadily increased from 46.0%… Read More ›

    Tags: ,

  • Private Residential Construction Spending Up 2.8% in September

    NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $610.9 billion in September. It was up 2.8% over the August estimates, marking the fourth consecutive month of growth. Total private residential construction spending was 9.9% higher than a year ago. The monthly gain is largely attributed… Read More ›

  • September Gains in Personal Income

    The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased to a seasonally adjusted annual rate (SAAR) of $19,804 billion in September. It was up 0.9%, after a 2.5% decline in August when the weekly unemployment supplement payment of $600 expired. This increase in personal income largely came from the gains of proprietors’… Read More ›

  • Homeownership During the Third Quarter: Technical Issues

    The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate declined to 67.4% in the third quarter of 2020, from 67.9% in the prior quarter. The elevated homeownership rates are line with increases in both existing and new home sales in the second quarter. The national rental vacancy rate increased, while the homeowner vacancy rate remained unchanged. However,… Read More ›

    Tags:

  • Nation’s Stock of Second Homes

    According to NAHB estimates, the total count of second homes was 7.5 million, accounting for 5.5% of the total housing stock in 2018, the most recent data available. As of 2018, the state with the largest stock of second homes was Florida (1.1 million), accounting for 14.5% of all second homes. South Dakota had the smallest stock, approximately 20,000 second… Read More ›

  • Personal Income Declined in August

    The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income decreased in August to a seasonally adjusted annual rate (SAAR) of $19,493 billion. It dropped 2.7% in August due to the expiration of the expanded unemployment insurance benefit, which provided a weekly supplement payment of $600 for the unemployed through the end of July…. Read More ›