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Data & Forecasts


AD&C Loan Volume Contracts

Despite broader interest rate declines for government bonds and mortgages, NAHB industry survey data for the second quarter of 2019 indicates that interest rates for acquisition, development and construction (AD&C) remain stubbornly elevated. For example, loans for spec single-family home building averaged a 6.2% rate for the second quarter. These higher interest rates have caused the volume ... Read More

Minority Homeownership Rate Continues to Decline

The minority homeownership rate declined again in the second quarter of 2019, edging down to 46.9 percent from 47.4 percent in the second quarter of 2018. This is its lowest level since the third quarter of 2017. The most recent release of the US Census’ Housing Vacancies and Homeownership Survey (CPS/HVS)also shows that the overall U.S. ... Read More

263,000 Jobs Added in April

Total nonfarm payroll employment increased by 263,000 in April, while the unemployment rate declined to 3.6%. Residential construction employment increased by 600 in April, after the increase of 11,200 jobs in March. The total construction industry (both residential and nonresidential) gained 33,000 jobs in April. According to the Employment Situation Summary for April, released by the Bureau ... Read More

Builder Confidence Posts Solid Gain in May

Builder confidence in the market for newly-built single-family homes rose three points to 66 in May, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder sentiment is at its highest level since October 2018 after declines in late 2018 due to higher interest rates and concerns over slower growth. ... Read More

EPA Announces Results of Lead Paint Enforcement Initiative

EPA Announces Results of Lead Paint Enforcement Initiative in New Hampshire and Maine In 2018, EPA conducted a targeted lead paint compliance initiative in coastal New Hampshire and Maine communities. EPA distributed outreach materials to renovation firms then completed 59 lead paint inspections, resulting in at least four enforcement action. EPA also saw an increase in firms ... Read More

How Does Your Business Measure Up?

Nobody likes to operate in a vacuum, but in a competitive industry such as home building, it can be very difficult to determine how your business measures up to your competitors. Industry benchmarks on profit margins, asset levels and equity positions are important because they allow businesses to compare their performance to their peers, and ... Read More

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