Eye On Housing
NAHB analysis of Census Construction Spending data shows that total private residential construction spending remained virtually unchanged in May at a seasonally adjusted annual rate of $451.9 billion. Private nonresidential construction spending fell for a second consecutive month in May. Within private residential construction, spending on single-family dropped to $239.2 billion in April, down 1.3% over the upwardly revised April… Read More ›
Spurred by a modest reduction in mortgage interest rates and favorable home prices, nationwide housing affordability in the first quarter of 2016 posted a slight increase, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). In all, 65.0 percent of new and existing homes sold between the beginning of January and end of March were affordable… Read More ›
Industry benchmarks on profit margins, asset levels, and equity positions are important because they allow businesses to compare their performance to their peers, and that can be extremely helpful in identifying areas for improvement and increasing efficiencies. This is the reason why NAHB periodically conducts a survey asking single-family builders nationwide to (confidentially) provide us their income statements and balance… Read More ›
The NAHB Multifamily Production Index (MPI) held steady with a reading of 54 for the first quarter of 2015. This is the 13th consecutive quarter with a reading of 50 or above. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its… Read More ›
Lower interest rates and home prices contributed to a solid boost in nationwide affordability in the first quarter of 2015, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). In all, 66.5 percent of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median… Read More ›
Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in the fourth quarter of 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). In all, 62.8 percent of new and existing homes sold between the beginning of October and end of December were… Read More ›
Firming home prices in markets across the country contributed to a slight dip in nationwide housing affordability in the third quarter of 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). In all, 61.8 percent of new and existing homes sold between the beginning of July and the end of September were affordable to families… Read More ›
The Remodeling Market Index (RMI) rose one point to 57 in the third quarter of 2014, the sixth consecutive 3-month period the index has been over 50. An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower. The overall RMI averages ratings of current remodeling activity with… Read More ›
In a recent study, NAHB examines eight key housing statistics from the 2012 American Community Survey (ACS). One statistic is the homeownership rate for all metropolitan (metro) areas in the United States. A metro area is an aggregation of counties that share a local labor and housing market based on commuting patterns. This post lists the ten metro areas with… Read More ›
In a recent study, NAHB examines eight key housing statistics from the 2012 American Community Survey (ACS). The study allows readers to compare the statistics for all metropolitan (metro) areas in the United States. A metro area is an aggregation of counties that share a local labor and housing market based on commuting patterns. This post lists the ten metro… Read More ›