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Spending on remodeling and home improvements has gotten off to a slow start this year. Remodeling expenditures have declined in each of the last five months, with the March estimate down 1.4% for the month and significant downward revisions for January and February.
5/10/2013
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Builder confidence has declined slightly in 2013. The NAHB/Wells Fargo Housing Market Index dropped two points to 42 in April, the third monthly decline from a peak of 47 in December and January.
4/24/2013
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Continued tight credit access for buyers has the market more dependent on cash and investor buyers than in years past. And on the supply side, growth is challenging the ability of the housing pipeline β workers, lots and building materials β to meet rising demand.
4/12/2013
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Recent data suggest that continued tight credit access for buyers has the market more dependent on cash and investor buyers than in years past.
3/28/2013
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Housing construction activity has increased significantly over the last year across the three primary sectors of home building: single-family, multifamily and remodeling.
3/15/2013
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Home building is expanding, and that is good news for housing and the economy as a whole, but the growth of the industry off the lows set in the wake of the Great Recession has raised new challenges.
2/14/2013
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This has been a good year for home building. But these improving trends have not resulted in significant increases in home building employment thus far.
2/1/2013
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Single-family and multifamily construction will see strong growth rates, with remodeling experiencing lesser but still positive growth.
1/31/2013
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With consistent improvements in housing construction and prices, home building is once again contributing to economic growth.
1/17/2013
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Congress and the President agreed to a fiscal deal at the beginning of the new year. This is a positive development for home builders, 80% of whom are organized as pass-through entities and who pay business income taxes on individual income tax forms.
1/14/2013
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October new home sales were up 17.2% from a year earlier, in line with an expected 22% increase in sales for 2012 over 2011. They'll continue to rise at this modest pace as the pent-up demand is released and as the policy uncertainties at the end of 2012 are resolved.
11/29/2012
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The housing industry continues to make slow but sure gains. With a growing labor market and continued household balance sheet repair, household formations are up in 2012, increasing demand for both renter- and owner-occupied housing.
11/26/2012
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With data in from the Bureau of Economic Analysis, it is becoming clear that home building is a leading source of economic growth for 2012.
11/2/2012
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Home building has the potential to help transform a sluggish economic recovery into a more robust expansion. Itβs also true that a faster pace of job creation will in turn support demand. But an anemic labor market has held back housing demand.
10/18/2012
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While housing is adding to economic growth, home sale indicators slowed their improving trends in the past month.
10/4/2012
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A set of recent NAHB surveys are a promising sign for home builders, remodelers and other housing industry stakeholders and a hopeful indicator for the economy as a whole, which has underperformed in 2012.
9/20/2012
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Improvements for residential real estate seem to be accumulating, with positive news coming from all sectors of the housing industry.
9/6/2012
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Some analysts have questioned whether the good news for housing can continue in the face of slow growth, the impending fiscal cliff and continuing financial crises in Europe.
8/9/2012
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While there is significant geographic variation due to local labor markets and inventories, home building is generating an outsized contribution to economic growth.
7/26/2012
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Recent economic data clearly indicate that the economy is experiencing slowing growth rates, with job creation and growth in Gross Domestic Product (GDP) at weaker-than-expected levels. Despite these headwinds, the housing sector continues to be a source of relatively positive news.
7/12/2012
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