Tag Archive for ‘housing’

Metro Area New Home Prices

The U.S. Census Bureau regularly tracks new home prices for the United States, Census Regions and Divisions. However, there is no systematic measurement of new home prices by states or metropolitan areas. To fill the void, NAHB Economics periodically estimates median new home prices for metropolitan areas. The most recent estimates show that median new home prices range from less… Read More ›

An Aging Housing Stock

The American owner-occupied housing stock is growing older. And this fact may signal future increased demand for both remodeling and new home construction over the long-term. Data from the Department of Housing and Urban Development American Housing Survey (AHS) reveal that the median age of an owner-occupied home in the United States was 34 years old as of the 2009 survey…. Read More ›

New NAHB Research: Apartment Rent Estimating Model

In October, NAHB released an updated version of the statistical model it maintains for estimating the average price of a single-family home. Economist Paul Emrath has now published a companion model designed to estimate average gross rent for an apartment in a building with five or more housing units. Like the house price model, the NAHB rent estimator is calibrated with… Read More ›

Construction Hiring Slows While Overall Hiring Increases, per November JOLTS Data

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 ›

Expiring Housing Tax and Finance Law: What’s on the 2012 Policy Agenda

Due to heated budget debates during the second half of last year, Congress failed to approve a 2011 “tax extenders”  bill, legislation that typically extends certain business and individual tax rules that expire every year or two. This development sets up a policy fight in 2012 during which advocates will seek a retroactive extension of now-expired tax rules. However, this is not… Read More ›