NAHB - Eye on Housing
Housing Starts Relatively Flat in May
Tue, 18 Jun 2019 14:52:55 +0000
Total housing starts posted a 0.9 percent decrease in May (1.269 million units) compared to an upwardly revised April estimate of 1.281 million units, according to the joint data release from the Census Bureau and HUD. Relative to May 2018, total starts are 4.7 percent below the annual pace of 1.332 million units. Single-family production in May posted a monthly... Read More ›
Builder Confidence Solid in June Amidst Growing Economic Uncertainty
Mon, 17 Jun 2019 14:03:18 +0000
Builder confidence in the market for newly-built single-family homes fell two points to 64 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Sentiment levels have held at a solid range in the low- to mid-60s for the past five months. While demand for single-family homes remains sound, builders continue to report rising... Read More ›
Single-Family Permit Continues To Be Weak in April
Fri, 14 Jun 2019 13:00:47 +0000
Over the first four months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 261,119. On a year-over-year (YoY) basis, this is a 6.5% decline over the April 2018 level of 279,302. Year-to-date ending in April, single-family permits reported growth only in the Northeast region of the country. The South, Midwest, and the West regions declined... Read More ›
Homeowners Cautious with Lines of Credit Despite Equity Gains
Thu, 13 Jun 2019 17:33:26 +0000
The current release of the Federal Reserve’s Z.1 Financial Accounts report of the U.S., also known as the flow of funds report, shows a continuing increase in the market value of households in the U.S. Mortgage debt continues to expand as well, albeit at a much slower pace. The aggregate market value of houses represents assets on households’ balance sheets,... Read More ›
CPI Growth Slows in May
Wed, 12 Jun 2019 14:44:00 +0000
In May, headline inflation rose slower relative to April, while core inflation remained unchanged. On a seasonally adjusted basis, the Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), rose by 0.1% in May, after a 0.3% increase in April. It was the smallest gain since January 2019. Excluding the volatile food and energy components, the “core”... Read More ›
Building Materials Prices Flat as Gypsum, Lumber Slow Overall Growth
Tue, 11 Jun 2019 20:02:10 +0000
Prices paid for goods used in residential construction did not change in May (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. As a result, building materials prices have grown much more slowly in 2019 (+3.1%) than they did over the same period in 2018, during which they increased 4.7%. Consistent... Read More ›