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55+ Housing Market Ticks Back Up to Record High

Builder confidence in the single-family 55+ housing market rose one point in the third quarter of 2019, returning to its record-high reading of 72, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI). This is the highest reading since the inception of the index in 2008. Read More

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Remodeling Market Expected to Stall in 2020

Annual gains in homeowner spending for improvements and repairs are set to give out by the second half of next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Read More

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Single-Family Construction Continues to Make Steady Gains in October

"Home builders are seeing more building opportunities as market conditions remain solid," said Greg Ugalde, chairman of the National Association of Home Builders (NAHB). "Builder sentiment remains strong, and we are seeing an uptick in buyer traffic." Read More

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Builder and developer confidence weakens in Q3

Confidence in the market for new multifamily housing weakened slightly in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). Read More

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Catalina releases 2019 industry trends report

According to the latest Floor Coverings Industry Trends Report from Catalina, during 2019, the value of U.S. floor coverings manufacturer sales (shipments minus exports plus imports) could increase by 1.2 percent to $27.6 billion. Square foot sales, however, could decline by 1.1 percent to 23.6 billion. Manufacturer sales were sluggish during 2019 due to an overhang of inventories accumulated from the rush to import Chinese-made flooring in late 2018 to beat rising tariffs, the report stated. Read More

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Builder confidence holds firm in November

"Single-family builders are currently reporting ongoing positive conditions, spurred in part by low mortgage rates and continued job growth," said NAHB chairman Greg Ugalde, a home builder and developer from Torrington, Conn. "In a further sign of solid demand, this is the fourth consecutive month where at least half of all builders surveyed have reported positive buyer traffic conditions." Read More

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October retail sales up 4.2 percent over last year

“Despite the gradual slowdown in the U.S. economy, consumers are in a good place and October’s retail sales are a step forward into the all-important holiday season,” NRF chief economist Jack Kleinhenz said. “Uncertainty around trade policy has impacted consumer sentiment recently but ongoing job growth, low interest rates, low inflation and the stock market hitting record highs provide support for consumer spending.” Read More

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Pending Home Sales Rise 1.5% in September

Pending home sales grew in September, marking two consecutive months of increases, according to the National Association of Realtors (NAR). The four major regions were split last month, as the Midwest and South recorded gains, but the Northeast and West reported declines in month-over-month contract activity. Read More

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Housing affordability hits 3-year high

"With mortgage rates at historic lows, consumers are experiencing greater buying power and increased affordability," said NAHB chairman Greg Ugalde, a home builder and developer from Torrington, Conn. "Despite this positive development, builders still struggle with rising construction costs due to labor shortages and excessive regulations, which will continue to make housing affordability a major challenge." Read More

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55+ housing market ticks back up to record high

"Demand for 55+ single-family housing remains strong, mirroring the gains we have seen in the overall market, which has been largely supported by low interest rates and healthy job growth," said NAHB chief economist Robert Dietz. "Sentiment about the 55+ multifamily market declined somewhat this quarter, but on balance remains positive. A modest decline was not surprising, given the post-Great recession record number of apartments currently under construction." Read More