Eye On Housing
Tag Archive for ‘home building’
Montana’s At-Large Congressional District Has More Residential Construction Workers Than Any Other District
A new research paper from NAHB Economics presents the 2010 estimates of residential construction employment by state and Congressional district. Despite significant employment losses that took place in home building during the housing downturn the industry continues to employ a substantial number of workers in most parts of the country. NAHB estimates show that, nationally, close to 3.4 million people… Read More ›
Remodeling Per Home Highest on the Coasts, in Resort Areas
NAHB recently released new county estimates of remodeling in owner-occupied homes to members of NAHB Remodelers. The estimates are based on a model developed by NAHB using the American Housing Survey (HUD/U.S. Census Bureau) with county-level inputs from the Census Bureau’s American Community Survey. The inputs are based on data collected from 2006 to 2010, so the resulting estimates are for remodeling by home owners during… Read More ›
New Homes are Less Expensive to Maintain
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. Data from the 2009 American Housing Survey (AHS) offer proof. The AHS classifies new construction as homes no more than four years old. For example, for routine maintenance expenses, 26% of all homeowners spent… Read More ›
Improving Markets at 101
The number of metropolitan markets on the NAHB/First American Improving Markets Index (IMI) rose to 101 in April from 99 in March. Markets on the list must have improved in the three critical indicators of employment, housing permits and home prices for six months or more. In April, 88 markets remained from the March list, 13 more were added and… Read More ›
NAHB Completes Landmark 700th Local Impact of Home Building Study
Since 1996, NAHB has been producing customized studies that estimate the jobs, income, and taxes generated by home building in various metropolitan areas, non-metropolitan counties, and states across the country. Early in 2012, NAHB delivered the 700th such study to the customer who commissioned it. Parts of the country covered by the 700 NAHB local impact studies to date are shown in the map… Read More ›
What Will Unlocked Pent-Up Housing Demand Look Like?
NAHB has estimated that as a result of current economic conditions, there are approximately 2.1 million households that were expected to form in the last few years but did not. These “potential” households typically represent people doubling and tripling up on roommates and young adults living with parents. Unlocking this pent-up demand, a process that will be facilitated by an… Read More ›
NAHB’s Spring 2012 Construction Forecast Webinar
Sign up for NAHB’s April 25, 2012 Construction Forecast Webinar and join the conversation about the housing market. David Crowe, NAHB Chief Economist Chris Varvares, President, Macroeconomic Advisers Robert Denk, NAHB Assistant Vice President for Forecasting and Analysis Listen to the experts. Ask your questions. NAHB Wells Fargo Housing Market Index is up 14 points over the past six… Read More ›
Pending Home Sales Index Up Over Year, Down Slightly in February
The Pending Home Sales Index, a forward-looking indicator based on contracts signed, decreased 0.5 percent in February to 96.5, down from 97.0 in January. However, the PHSI is up 9.2 percent from the same period one year ago when the PHSI was 88.4. The National Association of Realtors (NAR) reported that over the past year the PHSI increased in the… Read More ›
New Home Sales Stall
The rate of new home sales fell in February to an annual pace of 313,000 down 1.6% from January’s 318,000 but off 6.8% from December’s revised 336,000, which marked a high point since the end of the home buyer tax credit in spring 2010. The three-month moving average sales pace remains the highest in almost two years. The fall off… Read More ›