Eye On Housing
Job Openings and Labor Turnover Survey (JOLTS) data for November from the Bureau of Labor Statistics indicates improving hiring conditions for the overall economy. While total job openings for all non-farm sectors were essentially unchanged at 3.2 million, total hires increased to 4.1 million, which is tied with September of 2011 for the most number of hires since the Fall of 2008. The… Read More ›
Tag Archive for ‘home building’
Top 2011 Posts: Research on Pent-Up Housing Demand
With the end of 2011 approaching, the contributors of NAHB’s Eye on Housing thought it would be useful to take a look at the updates that attracted the most readers over the last year. One of the most important stories of 2011 (and 2012) is the growning phenomenom of pent-up housing demand. In February, an NAHB research paper quantified this… Read More ›
3rd Quarter 2011 AD&C Lending Update
According to FDIC Statistics of Banking for the third quarter of 2011, lending for acquisition, development and construction (AD&C) purposes continues to decline. However, the rate of decline is slowing, perhaps indicating that most troubled loans are now off bank balance sheets. Debt availability for home building purposes is significantly tighter than loans for commercial construction activities. Data from the FDIC, graphed below, confirm… Read More ›