Latest News

  • Sales of newly built, single-family homes increased 7 percent to a seasonally adjusted annual rate of 646,000 units in June from a downwardly revised reading in May, according to data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 2.2 percent higher than the same period in 2018. "Though there is a clear... more »
  •       Growth in residential remodeling spending is expected to slow considerably by the middle of next year, according to the Leading Indicator of Remodeling Activity by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual gains in homeowner expenditures for improvements and repairs will shrink from 6.3... more »
  • The National Association of Home Builders' Remodeling Market Index posted a reading of 55 in the second quarter of 2019, rising one point 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 »
  • Builder confidence in the market for newly built single-family homes rose one point to 65 in July, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. This marks the sixth consecutive month of sentiment levels holding at a steady range in the low- to mid-60s. "Builders report solid demand for single-family homes. However, they continue to grapple... more »
  • Near-record levels of rainfall, continued labor shortages and the impact of tariffs challenge construction business sentiment, according to Houzz Inc.'s Q3 2019 Houzz Renovation Barometer. The barometer tracks residential renovation market expectations, project backlogs and recent activity among businesses in the construction sector and the architectural and design services sector in the U.S. It... more »
  • Residential window and door growth decelerated slightly in 2018 with modest growth over 2017. The expectation is for the market to stay at or slightly above these levels until subsiding in 2020, according to the WDMA 2019 U.S. Industry Market Study released by the Window & Door Manufacturers Association. Sliding patio door growth is forecasted to decrease in 2019 and taper slightly in... more »
  • The overall size of new homes peaked in 2016 for this cycle and for the last three years has continued to moderate, according to new survey results from the American Institute of Architects. The Home Design Trends Survey for the second quarter of 2019—focusing on home and property design—also found that homeowners continue to place a priority on accessibility features. Other findings... more »
  • Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, however, new home sales for 2019 are 4 percent higher than the same period in 2018. "The report shows growth in sales in the $200,... more »
  • Builder confidence in the market for newly built single-family homes fell two points in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. Sentiment levels have held at a solid range for the past five months. "While demand for single-family homes remains sound, builders continue to report rising development and construction costs, with some... more »
  • As of the first quarter of 2019, exurbs were the only region that registered single-family permit growth on a year-over-year basis, according to the new National Association of Home Builders Home Building Geography Index (HBGI). The HBGI is a quarterly measurement of building conditions across the country and uses county-level information about single- and multifamily permits to gauge housing... more »