NAHB - Eye on Housing
Only 12% of Adults Plan to Buy Home in Next 12 Months
Mon, 11 Nov 2019 15:00:34 +0000
Only 12% of adults are considering the purchase of a home within the next 12 months, according to NAHB’s Housing Trends Report for the third quarter of 2019. This share of ‘prospective home buyers’ is essentially unchanged from where it stood a year earlier, at 13%. For the majority of these buyers (60%), this will be their first time buying... Read More ›
Lot Values Hit Record Highs
Mon, 11 Nov 2019 13:45:41 +0000
According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, median single-family lot prices outpaced inflation once again (4.4% vs 2.4%) and reached new record high in 2018, with half of the lots selling at or above $49,500. The most dramatic rise in lot values is observed in the West South Central division where median lot values... Read More ›
Consumer Credit Increases in Third Quarter Despite Bank Lending Tightening
Fri, 08 Nov 2019 17:00:04 +0000
The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through September 2019. In September, consumer credit increased at a seasonally adjusted annual rate of 2.8 percent from the previous month, with revolving debt1 decreasing by 1.2 percent and nonrevolving debt2 increasing by 4.2 percent. Consumer credit totaled $4.1 trillion... Read More ›
Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years
Thu, 07 Nov 2019 15:00:21 +0000
With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 63.6 percent of new and existing homes sold between the beginning of July and end of... Read More ›
Senior Loan Officer Opinion Survey: Multifamily Lending Market Neutral Conditions
Wed, 06 Nov 2019 19:00:43 +0000
The Federal Reserve’s latest Senior Loan Officer Opinion Survey contains the reported lending practices, as of the third quarter of 2019, of 80 large domestically chartered commercial banks and up to 24 large U.S. branches and agencies of foreign banks. The questions that comprise most of the survey are those relating to Commercial & Industrial (C&I) loans, Commercial Real Estate... Read More ›
Share of New Homes with Porches Up to 94% in East South Central
Wed, 06 Nov 2019 06:06:08 +0000
Of the single-family homes started in 2018, 64.9 percent came with porches, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial funding from the Department of Housing and Urban Development). Historically, the SOC shows the share of single-family homes with porches increasing regularly to a high of 65.7 percent in 2011... Read More ›