Housing Permits Decline in March

The single-family housing market continued to show signs of softening in March as permits and starts declined due to rising mortgage interest rates and ongoing supply chain bottlenecks that continue to delay construction projects and raise home building costs. Due to strong multifamily production, overall housing starts increased 0.3% to a seasonally adjusted annual rate of 1.79 million units, according…

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The Housing Affordability Challenge

Last month, I wrote about a recent report issued by the National Association of Home Builders/Wells Fargo Housing Opportunity Index, also known as the “HOI,” which showed that just 54.2% of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $79,900.  This is down from…

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Is The New Home Market Cooling?

I wrote recently about how the housing market continues to show strength, driven in part by buoyant builder sentiment, low inventories and high demand across all price points. That was back in the fall, and while all signs point to strong new home demand through this spring and summer, a new confluence of pressures could force a tamping down of…

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Home Shoppers Are Increasingly Active

By: Pierre G. Villere Last month, I wrote about the lack of impact that Millennials are having on the housing market, one of the reasons that new home starts have not returned to even their annual historical averages dating back to 1961. But the National Association of Home Builders recently published some research that is very telling about the current…

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Housing Will Continue to Climb Higher in 2017

Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando, Fla.

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Economists Predict Construction Industry Growth

Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast.

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Housing Recovery to Pick Up Steam in 2016

Steady employment and economic growth, pent-up demand, affordable home prices and attractive mortgage rates will keep the housing market on a gradual upward trend in 2016. However, persistent headwinds related to shortages and availability of lots and labor, along with rising materials prices are impeding a more robust recovery, according to economists who participated in the recent National Association of…

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