Tag Archive for ‘home building’

Existing Home Sales Decline Slightly, but are Up from a Year Ago

March 2012 existing home sales declined 2.6 percent from the upwardly revised February level, but are up 5.2 percent from the same period a year ago. The National Association of Realtors (NAR) reported March 2012 total existing home sales were at a seasonally adjusted rate of 4.48 million single-family homes, townhomes, condominiums and co-ops. The upwardly revised February 2012 seasonally… Read More ›

Tax Week: The Real Estate Tax Deduction

As tax filing season comes to a close, now is a good time to take a look at some of the basic facts concerning the deduction for property taxes paid on an owner-occupied home. As homeowners past and present know, this deduction helps offset the cost of homeownership. A few facts about the deduction from 2010 data:  The property tax deduction… Read More ›

Tax Week: Small Business Tax Issues

As part of NAHB’s examination of tax issues and the housing sector, our focus now turns to small business tax concerns. Earlier today, Marty Mitchell of Mitchell and Best Homebuilders testified before Congressional Committee on Small Business on behalf of the nation’s home builders. His testimony included a number of facts that illustrate the importance of small businesses to housing. NAHB Census of Membership… Read More ›

Multifamily Starts Slow in March, but Permits Increase

In March, the (seasonally adjusted) annual rate of starts in buildings with five or more apartments was 178,000, according to the latest release from the Census Bureau’s Manufacturing and Construction Division.  This is a 20 percent decrease from the February starts rate (which was revised downward slightly) but is nearly 9% higher than the March 2011 rate.  And the long-run trend continues… Read More ›

Tax Week: The Mortgage Interest Deduction

As tax filing season comes to a close, now is a good time to take a look at some of the basic facts concerning the mortgage interest deduction (MID). As homeowners past and present know, the MID is a cornerstone of American tax and housing policy. Broadly claimed, the deduction facilitates homeownership.  A few facts about the MID from 2010… Read More ›

Builder Confidence Slips Three Points in April

Builder confidence in the market for newly built, single-family homes declined for the first time in seven months this April, sliding three notches to 25 on the National Association of Home Builders/Wells Fargo Housing Market Index, released today. The decline brings the index back to where it was in January, which was the highest level since 2007. Derived from a… Read More ›

Who Lives in New Housing?

April is New Homes Month, so we thought we would take a look at the demographic data from the most recent edition of the American Housing Survey (AHS) to see who lives in newly constructed homes. The AHS defines new construction as housing units no more than four years of age. Typically, larger households are relatively more likely to live in new homes…. Read More ›