Eye On Housing
Author Archives
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New Home Sales End 2019 with 10% Gain
New home sales were effectively flat in December, after downward revisions for prior months. However, the sales pace for newly-built single-family homes ended 2019 with a gain of 10%, increasing to a total of 681,000. This marks 2019 as the best year for new home sales since the Great Recession. Contracts for new, single-family home sales declined slightly in December… Read More ›
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Year-over-Year Decline for Construction Job Openings
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings posted a monthly decline in November and a substantial decrease on a year-over-year basis. The estimated number of job openings declined from the October total (326,000) to 214,000 in November, after reaching a post-Great Recession high of 434,000 in April. The November 2019 count of… Read More ›
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Builder Confidence Begins Year Strong as Single-Family Growth Continues
Builder confidence in the market for newly-built single-family homes edged one point lower to 75 in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The last two monthly readings mark the highest sentiment levels since July of 1999. Low interest rates and a healthy labor market combined with a need for additional inventory… Read More ›
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A Decade of Home Building: The Long Recovery of the 2010s
Home building in the 2010s was a story of the Long Recovery. After the Great Recession, the number of home builders declined significantly, and housing production was unable to meet buyer demand. This deficit of housing in the United States continues to exist because of persistent supply-side headwinds for builders, creating a critical housing affordability challenge for renters and homebuyers…. Read More ›
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Top Posts of 2019: Highest Paid Occupations in Construction in 2018
As 2020 begins, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In October, Natalia Siniavskaia used BLS data to track the highest paid occupations in the construction sector. According to the 2018 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home… Read More ›
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Top Posts of 2019: Top 10 Features Millennials Want—and Don’t Want
As 2020 begins, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In August, Paul Emrath highlighted survey data explaining the top housing features demand by Millennials. At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage. Conversely, they give a thumbs down… Read More ›
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Top Posts of 2019: Reasons Why Home Buyers Move
As 2020 begins, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In February, Carmel Ford highlighted findings from a special study that examined reasons behind households moves. Data from the 2017 American Housing Survey (AHS) show that over half of recent home buyers – 55 percent – move ‘for a… Read More ›
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Top Posts of 2019: What Do Vacancy Rates Tell Us about the Shortage of Housing?
As 2019 ends, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In February, Natalia Siniavskaia used housing vacancy rates to estimate the current housing deficit in the U.S. Vacancy rates are one of the key statistics NAHB Economics tracks to judge the health and direction of the housing market. The currently… Read More ›
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November New Home Sales Trend Higher
New home sales posted a small gain in November, after downward revisions for prior months. However, the sales pace for newly-built single-family homes is ending the year strong, with solid demand pointing to additional construction gains in 2020. Contracts for new, single-family home sales increased slightly in November by 1.3% to a 719,000 seasonally adjusted annual rate according to estimates… Read More ›
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Year-over-Year Gains for Construction Job Openings
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings posted a monthly decline in October but remain higher on a year-over-year basis. The estimated number of job openings declined from the September total (327,000) to 311,000 in October, after reaching a post-Great Recession high of 434,000 in April. The October 2019 count of unfilled… Read More ›