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Positive Trend for New Home Sales
Blog 1 day ago
Positive Trend for New Home Sales

Contracts for new home sales expanded by 6.1% in February, according to estimates from the joint data release of HUD and the Census Bureau. The...

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Existing Sales Hit Inventory Wall
Blog 2 days ago
Existing Sales Hit Inventory Wall

Existing home sales, as reported by the National Association of Realtors (NAR), reversed a January gain and decreased 3.7% in February. At the...

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Rental Apartment Absorption Flat While Condominium Absorption Jumps
Blog 3 days ago
Rental Apartment Absorption Flat While Condominium Absorption Jumps

The US Census Bureau, in collaboration with the US Department of Housing and Urban Development, releases data on completions and absorption rates...

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Young Construction Workers Mean More Monitoring, Longer Projects
Blog 4 days ago
Young Construction Workers Mean More Monitoring, Longer Projects

As described in a previous post, employment in the residential construction industry reached 2.68 million in January of this year. Although this is...

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Job Growth Continues for Builders and Remodelers
Blog 1 week ago
Job Growth Continues for Builders and Remodelers

The count of unfilled jobs in the construction sector was below trend for the second consecutive month, as hiring has accelerated in the industry....

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Solid Gain for Starts in February
Blog 1 week ago
Solid Gain for Starts in February

Total housing starts posted an increase in February, with a solid gain for single-family construction and ongoing elevated levels of multifamily...

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March Meeting of the Federal Open Market Committee – Meeting Expectations
Blog 1 week ago
March Meeting of the Federal Open Market Committee – Meeting Expectations

Expectations were high that the March meeting of the Federal Open Market Committee (FOMC) would end with an announcement of a 25 basis point...

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Consumer Price Index Rose Slightly in February
Blog 1 week ago
Consumer Price Index Rose Slightly in February

The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), rose in February. The CPI rose at a seasonally adjusted annual...

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Builder Confidence Reaches Cycle High
Blog 1 week ago
Builder Confidence Reaches Cycle High

Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home...

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Softwood Lumber, Gypsum Products Lead Price Increases Among Building Materials
Blog 1 week ago
Softwood Lumber, Gypsum Products Lead Price Increases Among Building Materials

The prices of softwood lumber, gypsum, ready-mix concrete, and OSB all increased in February, according to the latest Producer Price Index (PPI)...

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Home Equity Reaches A New Peak
Blog 1 week ago
Home Equity Reaches A New Peak

According to the Federal Reserve Board's fourth quarter of 2016 release of its Financial Accounts of the United States report, household holdings...

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The Average Builder Uses 10 Different Green Products and Practices
Blog 1 week ago
The Average Builder Uses 10 Different Green Products and Practices

On average, single-family builders use 10.2 different green products or practices, and 22 percent always or almost always have their homes...

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The Employment Situation in February – Fits Like A Glove
Blog 2 weeks ago
The Employment Situation in February – Fits Like A Glove

The Bureau of Labor Statistics (BLS) released its Employment Situation report for February. Nonfarm payrolls expanded by 235 thousand and the prior...

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Non-Mortgage Consumer Debt Grows But at a Slower Rate
Blog 2 weeks ago
Non-Mortgage Consumer Debt Grows But at a Slower Rate

The total amount of consumer credit outstanding rose in January 2017 reflecting growth in non-revolving credit, auto loans and student loans....

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How Much Do Residential Remodelers Earn in a Year?
Blog 2 weeks ago
How Much Do Residential Remodelers Earn in a Year?

Findings from the recently released Remodelers' Cost of Doing Business Study: 2017 Edition show that the net profit margin for the typical...

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Top Ten Publicly-Traded Builder Share Jumps in 2016
Blog 3 weeks ago
Top Ten Publicly-Traded Builder Share Jumps in 2016

The 2016 top ten publicly-traded builders captured a 27.4% share of new single-family home closings, up from 25.6% in 2015. The 27.4% share in 2016...

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Consumer Confidence Rebounded in February
Blog 3 weeks ago
Consumer Confidence Rebounded in February

Consumer confidence increased in February after a decline in January. Consumers were more optimistic about both the current situation and the near...

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Pace of Residential Construction Spending Continues Positive Trend
Blog 3 weeks ago
Pace of Residential Construction Spending Continues Positive Trend

Private residential construction got off to an auspicious start in 2017, continuing the growth trend that began in October of last year. NAHB...

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Mortgage Rates in January
Blog 3 weeks ago
Mortgage Rates in January

Results from a survey administered by the Federal Housing Finance Agency (FHFA) indicate that mortgage rates rose in January 2017*. Over the month,...

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AD&C Lending Expansion Slows
Blog 3 weeks ago
AD&C Lending Expansion Slows

The volume of residential construction loans increased by 1.8% during the fourth quarter of 2016, marking 15 consecutive quarters of growth....

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Another Look at GDP Growth in the Fourth Quarter
Blog 3 weeks ago
Another Look at GDP Growth in the Fourth Quarter

The second estimate of real GDP growth in the fourth quarter of 2016 from the Bureau of Economic Analysis (BEA) shows negligible revisions,...

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House Prices Ten Years After the Peak
Blog 3 weeks ago
House Prices Ten Years After the Peak

The S&P CoreLogic Case-Shiller (CS) US Home Price Indices for December were released today. The national index reached a new high for the month of...

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Pending Sales Hampered by Insufficient Supply
Blog 3 weeks ago
Pending Sales Hampered by Insufficient Supply

The Pending Home Sales Index decreased 2.8% in January 2017 to its lowest level in a year, although it remained 0.4% above last January. The...

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New Home Sales Post Slight Increase
Blog 4 weeks ago
New Home Sales Post Slight Increase

New home sales contracts expanded by 3.7% in January over a soft December reading, according to estimates from the joint data release of HUD and...

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Apartment and Condominium Market Momentum Continues
Blog 4 weeks ago
Apartment and Condominium Market Momentum Continues

The National Association of Home Builders' Multifamily Production Index (MPI) increased two points to 55 in the fourth quarter of 2016. For five...

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Minutes From the FOMC January/February Meeting – We’ll Let You Know
Blog 1 month ago
Minutes From the FOMC January/February Meeting – We’ll Let You Know

Minutes From the FOMC January/February Meeting – We'll Let You Know The minutes from the Federal Open Market Committee (FOMC) meetings, released...

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Existing Sales Fast Out of 2017 Gate
Blog 1 month ago
Existing Sales Fast Out of 2017 Gate

Existing home sales, as reported by the National Association of Realtors (NAR), increased 3.3% in January, reaching the fastest pace since February...

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NAHB Survey: AD&C Financing Standards Continue to Ease
Blog 1 month ago
NAHB Survey: AD&C Financing Standards Continue to Ease

NAHB Survey: AD&C Financing Standards Continue to Ease Builders and developers continue to report easing credit conditions for acquisition,...

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Small Gains for Single-Family Built-for-Rent Construction
Blog 1 month ago
Small Gains for Single-Family Built-for-Rent Construction

The number of single-family homes built-for-rent posted small gains over the course of 2016. However, the built-for-rent market is a small portion...

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Serious Delinquency Rates Tick Up
Blog 1 month ago
Serious Delinquency Rates Tick Up

Serious delinquency rates on 1-4 family mortgages rose over the 4th quarter of 2016 from the previous quarter. According to the National...

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