December 5, 2013
Sales of newly built, single-family homes rose 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, as reported by the National Association of Home Builders.
The government also reported that new-home sales fell 6.6 percent in September. The release of... more »
November 12, 2013
FMI, provider of management consulting and investment banking to the engineering and construction industry, released its 2014 U.S. Markets Construction Overview, in which the firm predicts that growth rates for construction put in place will be slightly ahead of GDP in 2014. Specifically, FMI anticipates residential CPIP to grow from $338.2 billion in 2013 to $379.6 million in 2014. ... more »
October 25, 2013
McGraw Hill Construction released its 2014 Dodge Construction Outlook, which predicts that total U.S. construction starts for 2014 will rise 9 percent to $555.3 billion, higher than the 5 percent increase to $508 billion estimated for 2013. Single-family housing will grow 26 percent in dollars, corresponding to a 24 percent increase in units to 785,000. The positives for single-family housing... more »
October 24, 2013
The Remodeling Market Index continued to climb at a modest pace in third quarter 2013, rising two points to 57, the highest reading since the first quarter of 2004, according to the National Association of Home Builders.
"The growth in home equity and home sales prompted homeowners to remodel as they prepare to move or undertake upgrades that they put off during tough times,"... more »
October 21, 2013
The home remodeling market continues to improve, with strong gains expected for the remainder of 2013 and the beginning of 2014, according to the Leading Indicator of Remodeling Activity released, October 17, by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. While the LIRA continues to project annual improvement spending increasing at a double-digit... more »
October 15, 2013
Planese, Inc., a consulting firm focused on helping homeowners through the remodeling process, announced that homeowners across the country are now willing to spend 30 percent of the value of their home when they remodel. The findings are part of the Fall 2013 Remodeling Sentiment Report, a forward-looking report based on data from the Planese and www.remodelormove.com survey of homeowners... more »
October 15, 2013
Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the new National Association of Home Builders/First American Leading Markets Index. The index’s nationwide score of .85 indicates that the nationwide housing market is running at 85 percent of normal activity.
Baton Rouge, La.,... more »
October 3, 2013
With home prices and household formations rising and household balance sheets healing, the ongoing housing recovery is expected to gain momentum next year, even as several challenges remain, according to economists who participated in the National Association of Home Builders Fall 2013 Construction Forecast Webinar.
"The cards are in play for a decent and fairly strong recovery in 2014 and... more »
September 27, 2013
According to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes rose 7.9 percent to a seasonally adjusted annual rate of 421,000 units in August, partially offsetting a dip in sales activity in July as consumers reacted to higher interest rates, according to the National Association of Home... more »
September 3, 2013
The American Architectural Manufacturers Association and the Window & Door Manufacturers Association jointly released the August update to the AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast containing information on window, door and skylight market trends and product relationships.
For at least the next two years, total housing starts will follow a... more »