Latest News

  • Sales of newly built, single-family homes in October rose 6.2 percent to a seasonally adjusted annual rate of 685,000 units from a downwardly revised September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since October 2007. Year-to-date, new home sales are 8.9 percent higher than the... more »
  • ConstructConnect released its Q4 2017 Forecast Quarterly Report, which predicts robust growth for the residential market. “Out to 2021, residential will be the main driver of total construction starts, recording year-over-year increases of nearly six percent or more,” says Alex Carrick, chief economist, ConstructConnect. The report registers 2017 total starts at 7.9 percent, with... more »
  • Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest housing production reading since October 2016, when total starts hit a post-recession... more »
  • Builder confidence in the market for newly built single-family homes rose two points to a level of 70 in November on the National Association of Home Builders/Wells Fargo Housing Market Index. This was the highest reading since March, and the second highest on record since July 2005. “November’s builder confidence reading is close to a post-recession high—a strong indicator that... more »
  • Dodge Data & Analytics released its 2018 Dodge Construction Outlook. The report predicts that total U.S. construction starts for 2018 will climb 3 percent to $765 billion. “The U.S. construction industry has moved into a mature stage of expansion. After rising 11 percent to 13 percent per year from 2012 through 2015, total construction starts advanced a more subdued 5 percent in 2016,... more »
  • Based on current permit, price and employment data, the nationwide average of normal economic and housing activity is running at 103 percent, according to the National Association of Home Builders/First American Leading Markets Index. The Index shows that markets in 197 of the 337 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in... more »
  • Sales of newly built, single-family homes rose 18.9 percent to a seasonally adjusted annual rate of 667,000 units in September according to newly released data 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. This is the highest sales rate since October 2007. Year-to-date, new home sales are 8.6... more »
  • Accelerating growth in residential improvement and repair expenditures is anticipated through the third quarter of 2018, according to the Leading Indicator of Remodeling Activity released October 19 by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual gains in home renovation and repair spending will increase from 6.3... more »
  • Builder confidence in the market for newly built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index. This was the highest reading since May. “This month’s report shows that home builders are rebounding from the initial shock of the hurricanes,” says NAHB Chairman Granger MacDonald.... more »
  • Nationwide housing starts fell 4.7 percent in September to a seasonally adjusted annual rate of 1.13 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Nationwide single-family production fell 4.6 percent to 829,000 units due to a 15.3 percent decline in the hurricane-ravaged South. All other regions posted... more »