Tag Archive for ‘housing’

House Prices Remain Stable in October

House prices remained steady in October, with the Federal Housing Finance Agency (FHFA) reporting a slight 0.2% (SA) decrease in the monthly purchase-only house price index (HPI). This follows a revised 0.4% increase in September. Despite some minor month-over-month variability, the index has exhibited a slight upward trend since April. The decline following the expiry of the homebuyer tax credit… Read More ›

Moderate Growth in Existing Home Sales in November ….. Benchmark Revisions Released

Existing home sales continued to grow at a moderate rate on a month-to-month basis in November and also improved upon their year ago level. The National Association of Realtors (NAR) reported sales of existing homes, completed transactions of single-family, townhomes, condominiums and co-ops rose 4.0% in November to a seasonally adjusted annual rate of 4.42 million. This follows a modest… Read More ›

Top 2011 Posts: The Importance of Independent Contractors for Construction

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. In June we examined data concerning the construction sector labor market. Comparing these numbers to those associated with the economy as a whole highlights the importance of independent contract status for… Read More ›

Property Tax Receipts Stabilize in the Third Quarter of 2011

Property taxes are an important source of revenue for state and local governments to pay for government services, particularly education. When factoring in revisions, Census data of state and local government tax collections for the third quarter of 2011 indicate a small increase from the previous quarter to $467 billion on an annualized basis. Nonetheless, total property tax collections from the fourth quarter of 2010 through the third quarter of 2011 were… Read More ›

Multifamily Shows Continued Strength

The Census Bureau’s preliminary estimate of starts in buildings with five or more apartments for November surged 32 percent to a seasonally adjusted annual rate of 230,000. While growth in this sector is typically more volatile than the single family sector, the trend is clearly upward, with production more than doubling since the trough in late 2009, and recovering to… Read More ›

Single-Family and Multifamily Starts: Long-Run Trends

Growth in multifamily construction is leading the recent increase in housing starts. And with many analysts focusing on multifamily development, we thought it would be useful to consider the long-run relationship between single-family and multifamily housing starts. Over the last 40 years, a discernible trend has emerged with respect to the ratio of single-family to multifamily housing starts. Overall, both types of starts have been subject… Read More ›

Top 2011 Posts: The Geography of Rent-Burdened Households

With the end of 2011 approaching, the contributors who work on 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. In October, we used Census data to examine the geography of “rent-burdened” households. The analysis indicated that  25% of renters were paying more than 50% of their income in… Read More ›

Top 2011 Posts: The Rental Housing Stock

With the end of 2011 approaching, we here at NAHB’s Eye on Housing thought we would take a look at the updates that attracted the most readers over the last year. In July we examined the composition of the rental housing stock in the United States. The NAHB analysis of 2009 Census data found that one-third of rental housing consisted of… Read More ›