Tag Archive for ‘multifamily’

Single-Family Starts Continue Improvement in July

According to estimates from the U.S. Housing and Urban Development and Commerce Department, the pace of single-family construction continued to improve in July. After reaching a post-winter low annualized rate of 814,000 in April, single-family starts expanded to an 876,000 pace in July, a 1.3% gain over the revised June estimate. However, single-family starts remain 3.3% lower a on a… Read More ›

Decline in Single-Family Permits Continues For The First Half of 2019

Over the first six months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 417,453. On a year-over-year (YoY) basis, this is a 6.1% decline over the June 2018 level of 444,600. Year-to-date ending in June, single-family permits reported declines in all four regions. The Midwest, Northeast, South, and the West declined by 9.8%, 3.0%, 3.7%,… Read More ›

Consumer Prices Rise Broadly in July

Headline inflation accelerated over the month of July, while core inflation remained unchanged. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3% on a seasonally adjusted basis in July, faster than the 0.1% increase in June and May. Excluding the volatile food and energy components, the “core” CPI increased by 0.3% in July,… Read More ›

Senior Loan Officer Opinion Survey Asks Banks About Standards Since 2005

The Federal Reserve’s latest Senior Loan Officer Opinion Survey shows an array of responses on the lending practices of various banks as of the second quarter of 2019 among various loan classes. The three main categories of these loans are residential real estate loans, commercial & industrial (C&I) loans, and commercial real estate (CRE) loans. In this quarter, the survey… Read More ›

Single-Family Starts Expand in June

According to estimates from the U.S. Housing and Urban Development and Commerce Department, single-family starts improved in June, consistent with the recent stabilization of the NAHB/Wells Fargo Housing Market Index (HMI). Single-family starts increased 3.5% to a 847,000 seasonally adjusted annual pace in June. However, total housing starts were down approximately 1% (1.253 million annual rate) due to a decline… Read More ›

Single-Family Permit Decline Continued in May

Over the first five months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 342,116. On a year-over-year (YoY) basis, this is a 5.8% decline over the May 2018 level of 363,327. Year-to-date ending in May, single-family permits reported declines in all four regions. The Midwest, West, South, and the Northeast declined by 10.6%, 11.0%, 2.8%,… Read More ›

Gain in Core Inflation in June

In June, core inflation increased relative to May, while headline inflation remained unchanged. The Bureau of Labor Statistics (BLS) released the Consumer Price Index for June. On a seasonally adjusted basis, the Consumer Price Index (CPI) rose by 0.1% in June, the same increase as in May. Excluding the volatile food and energy components, the “core” CPI increased by 0.3%… Read More ›

The Effect of Affordable Housing on the Surrounding Neighborhood

Although produced by NAHB’s Economists, Eye on Housing is intended for a fairly broad readership with an interest in housing, but not necessarily in the academic research published by technical journals.  Nevertheless, many EoH readers will want to know about a relatively recent technical paper published in Housing Policy Debate.  The paper is called The What, Where, and When of… Read More ›

Single-Family Permit Continues To Be Weak in April

Over the first four months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 261,119. On a year-over-year (YoY) basis, this is a 6.5% decline over the April 2018 level of 279,302. Year-to-date ending in April, single-family permits reported growth only in the Northeast region of the country. The South, Midwest, and the West regions declined… Read More ›