In addition to ensuring the supply of affordable rental housing, the Low-Income Housing Tax Credit (LIHTC) supports jobs and provides benefits to the economy. Using the NAHB economic impact model of home building, revised industry estimates reveal that the LIHTC program supports almost 96,000 jobs in a typical year. NAHB recently updated its economic impact…
April is new homes month. And one of the virtues of a newly constructed home is the savings that come from reduced energy and maintenance expenses. In a previous analysis, we used data from the 2009 American Housing Survey (AHS) to offer proof. The AHS classifies new construction as homes no more than four years…
The top ten publicly-traded builder share of new home closings ticked up as a share of total US new home sales to 25.3% in 2013 from 23.9% in 2012. The 25.3% share in 2013 is out of the 430,000 new home sales reported by the Census Bureau for 2013. 2013 The composition of the top…
Subcontractors are an often over looked but essential part of the home building industry. Many outside the industry do not understand how large a part subcontractors have in the construction of a home. Home builders, as well as remodelers, typically subcontract a large portion of their construction work out to trade contractors who can more…
New NAHB Economics research shows that the share of young adults ages 18 to 34 living with parents or parents-in-law increased sharply in the late 2000s. According to the most recent American Community Survey (ACS), one in three young adults ages 18 to 34, or more than 24 million, lived in homes of their parents…
A national survey of 271 jurisdictions conducted by Duncan Associates in 2012 reveals wide cross-country differences in impact fees that individual jurisdictions charge. The map below presents state averages for standardized single-family units (three-bedroom, 2,000 square-foot units, at density of 4 units per acre and value of $200,000). These averages are for communities that actually…
