NAHB - Eye on Housing
Single-Family Permits: Declines in the Midwest and Northeast
Fri, 16 Nov 2018 14:00:17 +0000
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 is... Read More ›
Most Buyers Don’t Expect House Hunting to Get Easier Soon
Thu, 15 Nov 2018 15:00:43 +0000
Only about 2 out of every 10 prospective home buyers (people looking to buy a home in the next year) expect the search for a home to get easier in the months ahead. The majority, about 7 out of 10, instead think house hunting will get harder or stay about the same.  This opinion is shared among buyers of all... Read More ›
Energy Prices Pushed CPI Higher in October
Wed, 14 Nov 2018 14:55:05 +0000
The CPI accelerated over the month of October reflecting an increases in energy prices and the “core” CPI. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3% on a seasonally adjusted basis in October, faster than the 0.1% increase in September. It was the fastest monthly growth rate in the past nine months.... Read More ›
Modular and Other Non-Site Built Housing
Tue, 13 Nov 2018 14:01:43 +0000
The total market share of non-site built single-family homes was 3.3% of single-family completions in 2017, according to Census Bureau Survey of Construction data and NAHB analysis. This share is expected to rise in 2018 and in the years ahead, due to the ongoing labor shortage in the residential construction sector and the need to lift labor productivity amid declining... Read More ›
Only 13% of Adults Plan to Buy a House in Next 12 Months
Mon, 12 Nov 2018 15:00:10 +0000
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 Months: Prospective Home Buyers... Read More ›
Softwood Lumber Price Decline Largest in Seven Years
Fri, 09 Nov 2018 21:36:46 +0000
Softwood lumber prices fell 10.3% in October—the largest drop since May 2011—according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. The producer price index for softwood lumber has fallen 21.2% since setting the cycle and all-time high in June (see below). Even after the decrease, however, the index currently sits just 4.7% lower than... Read More ›