Latest News

  • Builder confidence in the market for newly built single-family homes remained unchanged at 72 in February on the National Association of Home Builders/Wells Fargo Housing Market Index. “Builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth,” says NAHB Chairman Randy Noel. “However, they need to... more »
  • Overall housing and economic activity in metro markets across the nation remained on an upward trend in the fourth quarter of 2017 even as permit activity remained a lagging indicator, according to the National Association of Home Builders/First American Leading Markets Index. Markets in 195 of the 337 monitored metro areas nationwide returned to or exceeded their last normal levels of economic... more »
  • Nationwide housing starts fell 8.2 percent in December to a seasonally adjusted annual rate of 1.19 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family starts fell 11.8 percent to a seasonally adjusted annual rate of 836,000 units, while the three-month moving average for single-family production... more »
  • Builder confidence in the market for newly built single-family homes dropped two points to 72 in January on the National Association of Home Builders/Wells Fargo Housing Market Index after reaching an 18-year high in December 2017. “Builders are confident that changes to the tax code will promote the small business sector and boost broader economic growth,” says Randy Noel, NAHB... more »
  • Tax laws cited as favorable to housing production; rising mortgage rates may impact for-sale supply The National Association of Home Builders estimates 2017 saw 1.21 million total housing starts and expects overall production to grow an additional 2.7 percent this year to 1.25 million units. Single-family starts are expected to rise 5 percent in 2018 to 893,000 units and increase an additional 5... more »
  • Spending on residential remodels will continue to grow at a modest pace in the next two years, according to a panel of remodelers and industry experts hosted by the National Association of Home Builders which cited increased consumer confidence as a large factor in the trend. NAHB predicts that remodeling spending for owner-occupied single-family homes will increase 4.9 percent in 2018 over 2017... more »
  • According to a Yahoo! Finance analysis of Commerce Department data, U.S. construction spending saw a month-over-month rise of 0.8 percent to a seasonally adjusted annual rate of $1.26 trillion in November. This marks the fourth straight month of increases and sets a new high. The uptick in spending was due in part to a rise in single-family balancing out a slowdown in... more »
  • Market researchers forecast a global rise in demand for windows and doors of all types, including residential and commercial construction, according to a study from Freedonia Group, “Global Windows & Doors by Product, Material, Market and Region.” Yearly growth is estimated at 4.5 percent to $214 billion in 2021 for the overall market. The study also finds that the U.S. and China... more »
  • Nationwide housing starts rose 3.3 percent in November to a seasonally adjusted annual rate of 1.297 million units. This post-recession high comes after a downwardly revised October reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production rose 5.3 percent in November to a seasonally adjusted annual... more »
  • Builder confidence in the market for newly built single-family homes increased five points to 74 in December on the National Association of Home Builders/Wells Fargo Housing Market Index after a downwardly revised November reading. This was the highest report since July 1999. “The HMI measure of home buyer traffic rose eight points, showing that demand for housing is on the rise,”... more »