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Many Construction Firms Need Only $5,000 to Start Their Businesses
Blog 2 days ago
Many Construction Firms Need Only $5,000 to Start Their Businesses

Of 638,839 construction firms surveyed by the U.S. Census Bureau in its Annual Survey of Entrepreneurs (ASE), 20.1% report they raised less than $5...

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Townhouse Construction Flat
Blog 3 days ago
Townhouse Construction Flat

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts have...

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New Single-Family Home Size Trends Lower
Blog 4 days ago
New Single-Family Home Size Trends Lower

After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during the second...

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Single-Family Starts Flat in July
Blog 4 days ago
Single-Family Starts Flat in July

The pace of single-family starts was effectively flat in July, after a strong rate was recorded in June. In contrast, the multifamily market...

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Builder Confidence Springs Back with Four-Point August Jump
Blog 5 days ago
Builder Confidence Springs Back with Four-Point August Jump

Builder confidence in the market for newly-built single-family homes rose four points in August to a level of 68 on the National Association of...

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Share of Builders Reporting Labor Shortages Rises Again
Blog 6 days ago
Share of Builders Reporting Labor Shortages Rises Again

Labor and subcontractor shortages have become even more widespread in July of 2017 than they were in June of 2016, according to single-family...

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Gypsum Prices Continue to Climb
Blog 1 week ago
Gypsum Prices Continue to Climb

The prices of gypsum, softwood lumber, and ready-mix concrete increased by 1.4%, 0.6%, and 0.3%, respectively, in July according to the latest...

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Housing Affordability Inches Lower in Second Quarter
Blog 1 week ago
Housing Affordability Inches Lower in Second Quarter

Rising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of...

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Home Equity Used to Start Seven Percent of U.S. Businesses
Blog 1 week ago
Home Equity Used to Start Seven Percent of U.S. Businesses

Equity in a home was used as a source of capital to start 284,618 businesses—7.3% of all businesses in the U.S.—according to a new source of data...

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Number of Open Construction Jobs Climbs in June
Blog 1 week ago
Number of Open Construction Jobs Climbs in June

The count of unfilled jobs in the construction sector increasing significantly in June, after falling in May. According to the BLS Job Openings and...

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LMI Indicates Continued Improvement Across the Country
Blog 1 week ago
LMI Indicates Continued Improvement Across the Country

According to the NAHB/First American Leading Markets Index (LMI), 89 percent, 299 metropolitan statistical areas, recorded growth in their LMI...

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Solid Job Gains in July
Blog 2 weeks ago
Solid Job Gains in July

At the start of the third quarter, employment gains and the unemployment rate ticked down. According to the Employment Situation for July 2017...

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Top Ten Sources of Softwood Lumber Imports
Blog 2 weeks ago
Top Ten Sources of Softwood Lumber Imports

The softwood lumber trade dispute between the U.S. and Canada has sent prices significantly higher in the first seven months of 2017. The Random...

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Senior Loan Officer Survey As A Barometer of the Economy
Blog 2 weeks ago
Senior Loan Officer Survey As A Barometer of the Economy

Lending standards on business loans to large and medium-sized firms eased on net over the second quarter of 2017 according to the Federal Reserve...

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Builder Confidence in the 55+ Housing Market Strengthens in Second Quarter
Blog 2 weeks ago
Builder Confidence in the 55+ Housing Market Strengthens in Second Quarter

The National Association of Home Builders’ (NAHB) single-family 55+ housing market index (55+ HMI) posted a reading of 66 in the second quarter of...

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June Personal Income and Consumption Expenditures Nearly Flat
Blog 2 weeks ago
June Personal Income and Consumption Expenditures Nearly Flat

According to the most recent data release from the Bureau of Economic Analysis (BEA), personal income remained virtually unchanged (-0.02%) since...

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Private Residential Construction Spending Dips in June
Blog 2 weeks ago
Private Residential Construction Spending Dips in June

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual...

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Mortgage Rates on New Home Purchases Tick Up
Blog 2 weeks ago
Mortgage Rates on New Home Purchases Tick Up

Information provided by the Federal Housing Financing Agency indicates that mortgage rates on purchases of newly built homes ticked up by 3 basis...

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Pending Sales Break Losing Streak
Blog 2 weeks ago
Pending Sales Break Losing Streak

The Pending Home Sales Index increased for the first time since February and investors retreated, giving first-time buyers a better chance to enter...

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Economy Grew At a Faster Pace in Q2
Blog 3 weeks ago
Economy Grew At a Faster Pace in Q2

In the second quarter of 2017, the nation’s economy grew at a faster pace than in the first quarter. According to the Bureau of Economic Analysis,...

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Homeownership Rate Bottomed Out?
Blog 3 weeks ago
Homeownership Rate Bottomed Out?

According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate was 63.7% in the second quarter 2017, which is...

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FHA-backed Loans Finance Smallest Share of New Home Sales Since 2014
Blog 3 weeks ago
FHA-backed Loans Finance Smallest Share of New Home Sales Since 2014

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that FHA-backed loans were...

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FOMC Balance Sheet Normalization Coming “Relatively Soon”
Blog 3 weeks ago
FOMC Balance Sheet Normalization Coming “Relatively Soon”

In a statement following its two-day meeting covering July 25 and 26, the Federal Open Market Committee (FOMC or the Committee) decided to ...

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New Home Sales Expand Moderately
Blog 3 weeks ago
New Home Sales Expand Moderately

Sales of new single-family homes rose 0.8 percent in June 2017 to 610,000 as reported jointly by the Census Bureau and the Department of Housing...

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Home Prices in May – Another Slow Growth Month
Blog 3 weeks ago
Home Prices in May – Another Slow Growth Month

In May national home prices rose slowly, while the pace of gains varied by market. The Case-Shiller U.S. National Home Price Index, reported by S&P...

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June Existing Sales Slow
Blog 3 weeks ago
June Existing Sales Slow

Existing home sales decreased 1.8 % in June, but remain 0.7% above the pace a year ago. Some 54% of homes sold last month were on the market less...

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Builders Concerns of Lot Availability Unchanged from 2016
Blog 1 month ago
Builders Concerns of Lot Availability Unchanged from 2016

The monthly NAHB/Wells Fargo Housing Market Index (HMI) survey includes a set of “special” questions on a topic of current interest to the housing...

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Remodeling Market Indicator Remains in Positive Territory
Blog 1 month ago
Remodeling Market Indicator Remains in Positive Territory

The Remodeling Market Index (RMI) dropped 3 points to 55 in the second quarter of 2017, according to the National Association of Home Builders ...

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Single-Family Starts Bounce Back in June
Blog 1 month ago
Single-Family Starts Bounce Back in June

Total housing starts bounced back in June after a weak May. Total starts increased 8.3% to a 1.215 million seasonally adjusted annual rate,...

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Shelter Prices Contribute to Consumer Inflation
Blog 1 month ago
Shelter Prices Contribute to Consumer Inflation

Consumer prices faced by urban consumers nationwide, as measured by the Bureau of Labor Statistics’ Consumer Price Index – Urban Consumer (CPI),...

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