Tag Archive for ‘eye on the economy’

Eye on the Economy: Rising Home Prices and Construction

Rising home prices and increasing residential construction have been the clearest signs of the housing rebound that took hold in 2012 and continues into 2013. Data from the start of the summer are consistent with these long-run trends, offering a bright spot in otherwise lackluster economic environment. Total private residential construction spending increased to a seasonally adjusted annual rate of… Read More ›

Eye on the Economy: Highlighting a Nation of Builders

Members of the nation’s home building industry visited Capitol Hill this week, highlighting both the economic value and future potential of the industry for job creation and economic growth and making the case on policy issues that could affect the industry: tax reform, housing finance reform, immigration reform and production credit. Because the home building industry is dominated by small… Read More ›

Eye on the Economy: Rising Home Values Fail to Lift Remodeling in Early 2013

Spending on remodeling and home improvements has gotten off to a slow start this year, according to newly revised Census data. Remodeling expenditures have declined in each of the last five months, with the March estimate down 1.4% for the month and significant downward revisions for January and February. This dip comes after a healthy surge for improvement spending between… Read More ›

Eye on the Economy: Short-Term Ups and Downs for Housing

Recent housing market data have illustrated that while the long-run trend for housing remains one of improvement, there will be bumps along the road. In particular, availability of building lots and skilled labor, rising building material prices, and big picture economic and policy developments will present month-to-month challenges for home builders and other housing businesses. For instance, the share of… Read More ›

Eye on the Economy: Home Building Job Growth Ahead

*Eye on the Economy is an NAHB newsletter that is published every two weeks and takes a larger view of recent economic and housing policy news. Housing construction activity has increased significantly over the last year across the three primary sectors of home building: single-family, multifamily and remodeling. And that growth in turn means good news for those businesses that… Read More ›