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Data & Forecasts


13% of Adults Plan to Buy a House in Next 12 Months

According to the Housing Trends Report (HTR)* for the third quarter of 2018, only 13% of adults are planning to purchase a home in the next 12 months.  Most of these prospective buyers (58%) report this is the first time in their lives they would be buying a home. Planning to Buy a Home in Next 12 ... Read More

Single-Family Permits: Declines in the Midwest and Northeast

Over the first nine months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 664,665. On a year-over-year basis, this is a 5.7% increase over the September 2017 level of 628,858. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits over the first nine months of 2018 was, 663,800 which ... Read More

Community Associations Continue to Rise

According to data from the Census Bureau’s Survey of Construction (SOC), 60.7 percent of all homes started in 2017 were built within a community or homeowner’s association. The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common areas of a development and to enforce private deed restrictions; these organizations are usually ... Read More

Problems with Lot Availability Remain Widespread

In a recent NAHB survey, 65 percent of builders reported that the overall supply of developed lots in their areas was low to very low. This is up only one percent from June 2017, but significantly higher than the 42 percent posted in September 2012. The survey consisted of special questions appended to the instrument for the NAHB/Wells ... Read More

Garages in New Homes - 2017 Data

A majority of new homes that completed construction in 2017 included two-car garages, according to NAHB analysis of 2017 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions. Except for West North Central division, the 2-car garage was the largest share of the completed ... Read More

How to Make Sense of the Tax Law Changes in 2018

In a series of posts featured on the Eye on Housing blog, NAHB economists are helping builders and remodelers make sense of the changes in tax law that resulted from legislation passed in December. The initial two posts of this Tax Reform Toolkitdiscussed the basics of the pass-through deduction, or 199A, and how those rules apply to high-income taxpayers. Those ... Read More

What Millennial Home Buyers Want - 2018

It’s all about location, location, location – with a dash or two of compromise – as millennials, the nation’s largest demographic group at 90 million strong, is poised to dominate the home buying market. Two market researchers – who happen to be millennials themselves – offered insight into their generation in Two Millennials Tell All, an ... Read More

NAHB Revises Policy as Tax Reform Debate Heats Up

NAHB today unanimously voted to revise its policy regarding the nation’s tax code in light of recent discussions on tax reform between congressional leadership and the Trump administration. Today’s vote by the Executive Board gives NAHB greater flexibility as the tax debate unfolds and stakeholders seek consensus to shape a tax code that best serves ... Read More

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 Lengths Composite Price—a weighted-average measure consisting of multiple species and dimensions of softwood lumber products—increased 14% over just three weeks in February.  Certain framing lumber—such as spruce-pine-fir (S-P-F) studs—remains 40% more expensive than ... Read More

Home Prices in April – Slowing Growth

The S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) released their respective home price indices for April. National home prices increased at a more moderate annual growth rate, while local home price gains varied. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate ... Read More

May Gains for New Home Sales - NAHB 2017

Contracts for new home sales expanded by 2.9% in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace to 593,000. The growth in sales continues ... Read More

Community Banks Account for Nearly Half of Residential Construction Loans - 1st Q 2017

Residential Construction Loans on FDIC-insured banks’ balance sheets reached $70.7 billion in the first quarter of 2017 with community banks accounting for approximately 49 percent of these loans. The current share of residential construction loans held by community banks is higher than community banks’ share of other types of loans, with the exception of farm-related loans. However, ... Read More

The Distribution of Residential Construction Loans Among Banks

Smaller banks, those with assets of less than $10 billion, hold the majority of residential construction loans, according to NAHB analysis of Federal Deposit Insurance Corporation (FDIC) data. Unlike mortgages, a larger proportion of residential construction loans at FDIC-insured institutions are held by banks with assets between $100 million and $10 billion.In addition, a greater ... Read More

New Residential Energy Efficiency Tax Credit Estimates

In 2005, Congress established a number of energy-efficiency tax incentives related to housing that benefitted new home buyers and remodeling homeowners. These policies included the tax code section 45L credit for the construction of energy-efficient homes (including for-rent residences and low-rise apartments), the 25C credit for retrofitting/remodeling existing homes, and the 25D credit for the installation ... Read More