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  • January Personal Income Up 10% Due to Stimulus

    The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income surged in January to a seasonally adjusted annual rate (SAAR) of $21,454 billion. The 10% increase in personal income was largely the effects of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act, which includes $1,660.9 billion in Economic impact payments. Compensation of employees… Read More ›

  • Savings Rate Remains Elevated in December

    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 $19,568 billion in December. It was up 0.6%, after a 1.3% decline in November and a 0.7% dip in October. This increase in personal income largely came from the gains for government social benefits and… Read More ›

  • Fourth Quarter of 2020 Homeownership Rate: Technical Issue Remains

    The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate declined to 65.8% in the fourth quarter of 2020. The national homeowner vacancy rate decreased over the fourth quarter of 2019 while the rental vacancy rate stayed flat. However, technical issues involved with data collection changes limit useful comparisons of the data of the last three quarters of… Read More ›

  • Private Residential Spending Up 3.1% in December

    NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 3.1% in December 2020 to a seasonally adjusted annual rate of $691.0 billion. Total private residential construction spending was 20.7% 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… Read More ›

  • 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 ›

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  • 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 ›