Latest News

  • 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 »
  • Total housing starts rose 5.7 percent in April to a seasonally adjusted annual rate of 1.24 million units from an upwardly revised reading in March, according to a report from the U.S. Housing and Urban Development and Commerce Department. The April reading of 1.24 million is the number of housing units builders would begin if they kept this pace for the next 12 months. Within this overall number... more »
  • Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. However, the HOI was little changed on a year-over-year basis, as home buyers continue to face ongoing challenges in terms of limited inventory, especially... more »
  • The American Architectural Manufacturers Association released the "AAMA 2018/2019 U.S. Industry Statistical Review and Forecast." This report delivers information about window, door and skylight market trends and product relationships. Historic data for 2010 through 2018 and forecast data for 2019 through 2021 are also included in the report. Forecasts are based on projections of... more »
  • 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 »