Tag Archive for ‘home building’

NAHB’s Construction Forecast Webinar

NAHB’s Fall 2012 Construction Forecast Webinar will be held on Wednesday, October 17, 2012 from 2:00pm to 4:00pm ET. How is the market unfolding as the housing recovery quickens? David Crowe, Chief Economist, NAHB Mark Zandi, Chief Economist, Moody’s Economy.com Robert Denk, Assistant Vice President for Forecasting and Analysis, NAHB The fragile state of the national and world market Foundations… Read More ›

Existing Home Sales Increase

Existing home sales in August increased 7.8% from July, and were up 9.3% from the same period a year ago. The National Association of Realtors (NAR) reported August 2012 total existing home sales were at a seasonally adjusted rate of 4.82 million units combined for single-family homes, townhomes, condominiums and co-ops. That compares to 4.47 million units in July and… Read More ›

Multifamily Starts Post Small Drop in August, Remain Strong

In August, the seasonally adjusted annual rate of starts  in buildings with five or more apartments was 208,000, according to the latest release from the Census Bureau’s Manufacturing and Construction Division.  This is a 2.8% decrease from the downwardly revised July starts rate. Despite the monthly drop, this rate is nearly 37% higher than the August 2011 rate of 5+ unit starts. … Read More ›

Housing Starts Continue Recovery

Housing starts increased 2.1% in August to a 750,000 seasonally-adjusted annualized (SAAR) level.  The increase was concentrated entirely in the single-family sector increasing 5.5% to an SAAR of 535,000, the highest since early 2010 just before the home buyer tax credit expired.  The improvement was broad based with increases in all four Census regions.  Multifamily starts dropped back to 215,000 SAAR, but the… Read More ›

The Geographic Distribution of Households with Nonrelatives

A component of pent-up housing demand is the situation of collapsed households — individuals who reside with another household. From a data perspective, we can identify some of these households by estimating the number of housing units that contain individuals who are not related to each other. This is just a part of pent-up demand of course, as it excludes adult children who live with… Read More ›

Custom Home Building Market Share Remains Elevated

The onset of the housing crisis and the Great Recession interrupted a 15-year long increasing trend toward a growing share for spec home building. As housing production slowed in 2006 and 2007, the share of non-spec building, particularly custom home building, increased. This not-for sale single-family housing construction is classified in Census housing starts data as either owner- or contractor-built. The share increased because… Read More ›

JOLTS Data: Construction Hiring Continues Small Summer Rebound

July data from the Job Openings and Labor Turnover Survey (JOLTS) suggest that construction hiring continued a slight rebound for the months of July and August. While total hiring became more positive after weak months in the spring, the pace of hiring remains lackluster, especially given the strength in housing construction activity for 2012. For the economy as a whole, the July JOLTS data reveal that the hiring… Read More ›

Improving Markets Index Expands To 99 in September

The number of improving housing markets across the country rose to 99 in September, up from 80 metros that were listed as improving in August. The index now includes representatives from 33 states as well as the District of Columbia. The index identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at… Read More ›