Market Share of FHA-Backed New Home Sales Smallest Since 2007
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 77.8% of new home sales in the…
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Existing Home Sales Strongest Since 2006 Despite Supply Limits
Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR). However, supply has continued…
Remodeler Sentiment Continues to Improve Year-over-Year
The NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter posted a reading of 83, up four points from the fourth quarter of 2020. The reading is a…
Housing Starts End 2021 with Annual Gains
Home building ended 2021 with strong annual gains as demand accelerated in the wake of the pandemic. These annual gains were realized despite supply-chain limitations for materials and ongoing access…
Job Gains Slow in December
Job gains slowed sharply for the second straight month in December as the Omicron variant began to spread. Nonfarm payrolls increased by 199,000 in December, and the unemployment rate fell…
Domestic Sawmill Output Continues to Lag Home Construction
The failure of domestic sawmills to sufficiently boost output in the face of ongoing strong home buyer demand was a primary factor that contributed to record-high lumber prices and price…
One Public School Child for Every Three Homes
…non-mover household: 0.35 per mover household vs. 0.39 per non-mover household. For particular types of structures, however, the opposite is true. The only type of structure with fewer public school…