Tag Archives: National Association of Home Builders

The National Association of Home Builders (NAHB) will release its Housing Market Index Report on Wednesday, January 17, at 10 a.m. ET. The report provides an outlook for the housing market as well as homebuyer and seller trends. The report ...

Residential construction spending has been trending upwards in recent years, but is that holding true as we wind toward the end of 2017?

The Housing and Insurance Subcommittee held a hearing Thursday titled “Sustainable Housing Finance: Private Sector Perspectives on Housing Finance Reform,” inviting several private sector leaders and policy researchers to provide their opinion on necessary changes for the mortgage and housing industry.

A recent estimate of single-family tear-down starts in 2016 calculated that the number has increased from 2015’s average. A tear-down start is defined by a home that was built on land that was once previously the sight of another structure. And while these figures are only estimates, the report finds that the increase in tear-down starts in indicative of the continued recovery of the single-family housing market.

Recovery nationwide is rising at a steady pace and is inching closer to the last-observed state of normalcy in the housing market, according to data from the National Association of Home Builders.

David Crowe, Chief Economist with the National Association of Home Builders, talks with DS News on housing inventory, housing demand, and retirement in this installment of Ask the Economist.

The Bureau of Labor Statistics’ stellar October employment summary, which reported 271,000 jobs added during the month, is believed by many to be sufficient economic improvement for the Fed to finally raise rates. That October employment summary many not be so rosy after digging a little deeper into the data, Crowe said.

Although this increase may seem marginal, this one point rise up places the market closer to the one point goal, indicating that it has returned to normal. In addition, 66 percent of markets have shown improvement year-over-year.

Sales of new single-family homes rose 18 percent year-over-year in June with a seasonally adjusted annual rate of 482,000 compared to June 2014's pace of 408,000, according to the survey.

In the NAHB's Eye on Housing blog, Crowe cited a number of positive housing statistics that indicate that April was a prosperous month for the industry in spite of the U.S. economy contracting at an annualized rate of minus 7 percent in Q1. The lack of economic growth in Q1 did nothing to damper economists' predictions about housing recovery for 2015, however, largely because of strong April numbers.