A previous post discussed how the current shortage of subcontractors in residential construction is becoming more acute. This is significant, because subcontractors are very important to the construction of the typical home. Periodically, NAHB has found it worthwhile to remind the public just how important….
As a share of total taxes collected, real estate property taxes in the United States are responsible for a relatively high share of total government revenues. According to statistics produced by the Organisation for Economic Cooperation and Development (OECD), the average share of total government tax collections due…
In the United States, the majority of households own their home. NAHB analysis of international data indicates that the same is true across the European Union (EU). The vast majority of European households own their home as well. However, the incidence of homeownership across the…
Home building, remodeling and the overall residential construction industry support many types of jobs. BLS data from the 2014 Occupational Employment Statistics (OES) Survey, and NAHB analysis, provide a count of these occupation classes. The OES survey defines employment as the number of workers who can be…
A recent Eye on Housing post reported on NAHB’s 800th customized local impact study. In addition to studies customized to a particular area, NAHB has traditionally produced a “typical local” report using national average inputs. This report—showing the jobs, income and taxes generated by residential construction in a…
New NAHB research shows that millennials tend to buy homes that are smaller, older, and less expensive than homes bought by older generations. Being the youngest home buyers with little or no accumulated wealth also affects how millennials shop and buy their homes. The majority…
A new study of California affordable housing developments provides important findings concerning the role and benefits of the Low-Income Housing Tax Credit (LIHTC). The affordable housing credit ensures a supply of equity financing for the development of needed rental housing. The report was prepared for…
