Eye on the Economy

Eye on the Economy is a compilation of the up-to-date economic, demographic and government policy analysis featured in the Eye on Housing blog in newsletter format, sent to subscribers every two weeks. Look at the latest issues here, or subscribe to receive it free via email.

Eye on the economy
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Without a doubt, unseasonably cold temperatures reduced economic activity during the first quarter of 2014, including home sales and construction.
4/2/2014
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Census reported housing construction starts were virtually unchanged from slightly upwardly revised January figures: 907,000 in February on a seasonally adjusted annual basis.
3/20/2014
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New home sales in January as estimated by the Census Bureau and HUD were up 9.6% over the December pace, coming in at 468,000 seasonally adjusted annualized rate.
3/6/2014
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Weather and supply chain issues have taken a toll on builder confidence and housing production. The February NAHB/ Wells Fargo Housing Market Index fell 10 points to 46, dropping below the key 50 threshold for the first time since May 2013.
2/20/2014
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Total residential construction spending increased 18.3% from 2012 to 2013, but, data for the final months of the year suggest lingering impacts from the declines in consumer confidence associated with the political uncertainty of the partial government shutdown.
2/5/2014
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While construction activity remains below normal levels of production, the expansion experienced last year produced jobs and business growth. Headwinds remain: rising materials costs and policy risk.
1/23/2014
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NAHB is forecasting a nearly 25% gain in total housing starts, with a 32% pickup in single-family construction in 2014.
1/9/2014
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Some slowdown in housing was expected due to declines in consumer confidence and uncertainty produced by the partial government shutdown. However, the data add more evidence that housing recovery will continue into the new year.
12/12/2013
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The economy is beginning to emerge from the shadow of uncertainty created by the partial government shutdown of October and the temporary jump in mortgage rates earlier in the year.
11/26/2013
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The uptick stands in contrast to other elements of the housing market that are experiencing some weakness due to softening economic conditions in the second half of 2013.
11/14/2013
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The October NAHB/Wells Fargo Housing Market Index fell two points to 55 from a one-point downwardly revised September level of 57. The decline was broad based with a two-point fall in all three components.
10/17/2013
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The NAHB Remodeling Market Index rebounded in the second quarter of 2013, bouncing back up to the post-2004 peak of 55 reached at the end of 2012.
8/21/2013
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Members of the nation’s home building industry visited Capitol Hill this week, highlighting both the economic value and future potential of the industry for job creation and economic growth.
6/6/2013
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Eye on the Economy is a biweekly digest of the latest postings on NAHB’s free, housing and economics blog, Eye on Housing, featuring the latest economic and housing policy news, analysis and studies.   Eye on the Economy will keep you well informed on all news and developments …
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