Latest News

  • The National Association of Home Builders' Remodeling Market Index posted a reading of 54 in the first quarter of 2019, falling three points from the previous quarter. The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared to the prior quarter than report it is lower—since the second quarter of 2013. The overall RMI averages... more »
  • Gross hiring across all U.S. industries has shown a 2.9 percent decrease compared to the beginning of 2018, with construction and manufacturing alike experiencing a 6.6 percent decrease in hiring, according to the most recent report by the U.S Bureau of Labor Statistics. The report also showed that businesses posted nearly 7.6 million jobs at the beginning of 2019, indicating a shift within the... more »
  • Houzz Inc.'s Q2 2019 Houzz Renovation Barometer—which tracks residential renovation market expectations, project backlogs and recent activity among businesses in the residential construction sector and the residential architectural and design services sector in the U.S.—points to optimism among home renovation professionals for business activity in the second quarter of the... more »
  • Total housing starts fell 8.7 percent in February to a seasonally adjusted annual rate of 1.16 million units from an upwardly revised reading in January, according to a report from the U.S. Housing and Urban Development and Commerce Department. The February reading of 1.16 million is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this... more »
  • According to Dodge Data & Analytics, residential building in February was $299.3 billion (annual rate), down 3 percent as both sides of the housing market showed decreased activity. “The pace of construction starts has been lackluster in early 2019,” says Robert A. Murray, chief economist for Dodge Data & Analytics. “For residential building, single-family housing... more »
  • The January new home sales report from the government indicates an increasing demand for homes sold in an affordable price range. In January 2019, 66 percent of new single-family home sales were priced between $200,000 and $400,000 versus 22 percent of homes that were sold in the $400,000-$750,000 range. This compares to 51 percent of homes sold in the $200,000-$400,000 range in January 2018... more »
  • Builder confidence in the market for newly built single-family homes held steady at 62 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. "Builders report the market is stabilizing following the slowdown at the end of 2018 and they anticipate a solid spring home buying season," says NAHB Chairman Greg Ugalde, a home builder and... more »
  • The home remodeling market in the U.S. expanded by more than 50 percent since the end of the Great Recession, according to Improving America’s Housing 2019, a new report by the Harvard Joint Center for Housing Studies. The 20th anniversary report in the series produced biennially by the Center’s Remodeling Futures Program finds that, as homebuilding struggled to meet the nation’... more »
  • Housing starts fell 11.2 percent in December to a seasonally adjusted annual rate of 1.08 million units, according to a report from the U.S. Department of Housing and Urban Development and the Commerce Department that was delayed due to the partial government shutdown. Multifamily starts fell 20.4 percent to a seasonally adjusted annual rate of 320,000 units while single-family production posted... more »
  • Residential improvement spending will continue to grow during the next two years, according to experts at the National Association of Home Builders International Builders’ Show in Las Vegas. Professional remodelers cited increased consumer confidence and demand as drivers for the growth. NAHB predicts remodeling spending for owner-occupied single-family homes will increase 1.6 percent this... more »