Articles

Real gross domestic product (GDP) increased at an annual rate of 7.0% in Q4 2021, following an increase of 2.3% in Q3, according to the Bureau of Economic Analysis.  Read More

The Architecture Billings Index (ABI) score for January was 51.0 compared to 51.0 in December, according to a new report from The American Institute of Architects (AIA).  Read More

Lowe's reported Q4 2021 sales were $21.3 billion, a 5% increase compared to $20.3 billion in Q4 2020. Comparable sales increased 5.0%. Comparable sales for the U.S. home improvement business increased 5.1% in Q4. Pro customer sales increased 23%. Read More

Home prices made a 18.8% annual gain in December, remaining the same from the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported.  Read More

The Home Depot announced sales for Q4 2021 were $35.7 billion, an increase of $3.5 billion, or 10.7% from Q4 2020. Comparable sales for Q4 2021 increased 8.1%, and comparable sales in the U.S. increased 7.6%.  Read More

Just under 1.6 million housing units were started last year, the best performance since before the Great Recession. While much has been written about the strength of the single-family market, often overlooked is that the almost half million multifamily homes started in 2021 was the highest number since 1986. The rental rebound in part reflects the rapid growth in for-sale house prices, as well as lack of inventory in the for-sale market, which has kept many renters from buying homes. Read More

Total existing-home sales climbed 6.7% from December to a seasonally adjusted annual rate of 6.50 million in January, according to the National Association of Realtors. Year-over-year, sales fell 2.3% (6.65 million in January 2021). Read More

Driven by strong buyer demand and the expectation of higher mortgage rates, new home sales ended the year on a strong note, reaching their highest level since March 2021. Read More

Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,638,000, 4.1% below the revised December estimate of 1,708,000 but 0.8% above the January 2021 rate of 1,625,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced. Read More

Builder confidence in the market for newly built single-family homes moved one point lower to 82 in February, marking the second straight month that confidence levels have declined by a single point, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Despite these monthly declines, the HMI has posted very solid readings at or above the 80-point mark for the past five months. Read More