NAHB - Eye on Housing
Florida Leads Job Gains in February
Mon, 25 Mar 2019 14:10:59 +0000
Total nonfarm employment, seasonally adjusted (SA) increased by 2.5 million jobs, year-over-year (YoY), or 1.7% from February 2018 to February 2019. During this time, total nonfarm employment in the Western and Southern regions increased by 1.7%. The Midwest and the Northeast recorded the lowest gains at 0.7% and 0.8% respectively, during this time. According to the Bureau of Labor Statistics,... Read More ›
Existing Home Sales Jumped in February
Fri, 22 Mar 2019 16:12:25 +0000
After three consecutive months of decline, existing home sales, released by the National Association of Realtors, rebounded strongly in February. This is the largest monthly gain since December 2015. Total Existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 11.8% to a seasonally adjusted annual rate of 5.51 million in February, the highest level in the past eleven... Read More ›
Builders’ Profit Margins Continue to (Slowly) Increase
Fri, 22 Mar 2019 13:30:30 +0000
Typically, one of the best-kept secrets in a private company is the share of total revenue that stays in the company after paying all operating costs and expenses. For a number of personal, business, or strategic reasons, that number – also known as net profit margin – tends to remain the purview of owner(s) and accountants.  Despite these company-specific realities,... Read More ›
Fed Adopts A More Dovish Stance
Thu, 21 Mar 2019 02:21:35 +0000
The Federal Open Market Committee (FOMC), the Fed’s monetary policymaking body, held the federal funds rate steady at a top rate of 2.5% at the conclusion of its March meeting. This was no surprise for financial markets, as this approach had been telegraphed by the Fed in January. However, the Fed communicated two other elements that indicate that the central... Read More ›
Gypsum Prices Down 10% Since 2018 Peak
Wed, 20 Mar 2019 15:19:45 +0000
The downward trend in prices paid for gypsum products continued in February, as prices declined 5.1% (seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. Prices paid for gypsum products have fallen 8.6% and 9.8% since the start of 2019 and August 2018, respectively. The trend is notable as prices have fallen... Read More ›
Colors and Finishes for Kitchen Appliances, Cabinets, and Countertops
Wed, 20 Mar 2019 14:15:10 +0000
Last week’s post on NAHB’s recently released report, What Home Buyers Really Want, highlighted the most wanted kitchen features. This post provides more detail on the colors and finishes home buyers want for their kitchen appliances, cabinets, and countertops. The report is based on a nationally representative survey asking home buyers (people who bought homes in the previous three years... Read More ›