Articles

Personal income increased 0.6 percent in January after increasing 0.1 percent in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.1 percent in December. Read More

Real gross domestic product (GDP) increased 2.1 percent in the fourth quarter of 2019, according to the "second" estimate released by the Bureau of Economic Analysis. The growth rate is the same as in the "advance" estimate released in January. In the third quarter, real GDP also increased 2.1 percent.  Read More

Sales of newly built, single-family homes rose 7.9 percent to a seasonally adjusted annual rate of 764,000 units in January, coming off an upward revision in December, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The monthly number is 18.6 percent higher than the January 2019 rate and the highest monthly sales pace since July 2007. Read More

"The housing recovery continues, as single-family housing starts have surpassed 1 million for the second consecutive month and multifamily production has been running above 500,000 for the same period," said Dean Mon, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Shrewsbury, N.J. "Meanwhile, builder confidence remains solid as demand continues to pick up." Read More

“A strong Q4 is great news for industry professionals and consumers going into 2020,” said Bill Darcy, NKBA CEO. “As we move into the new year, we’re encouraged that this dynamic industry continues to grow and business outlooks are positive.” Read More

"Steady job growth, rising wages and low interest rates are fueling demand but builders are still grappling with increasing construction and development costs," said NAHB chairman Dean Mon, a home builder and developer from Shrewsbury, N.J. Read More

Summing up these components, housing starts should total just over 15 million over the coming decade, or just over 1.5 million a year. That would put the 1.44 million that we saw in the fourth quarter just a bit below the typical expected levels. Read More

California likes to brag about being the fifth largest “nation” in the world, which is true economically. Our Gross Domestic Product keeps moving upward. This past year, our GDP totaled $3.0 trillion. Since 2012, the state’s GDP has been moving upward at a pace of 4.0-4.5% annually. Read More

"High levels of home builder confidence, coupled with an insufficient existing housing supply to meet current demand, suggest growth ahead for new home sales this year," said NAHB Chairman Dean Mon, a home builder and developer from Shrewsbury, N.J. Read More

"Overall, builder and developer sentiment in the 55+ housing market remains positive," said Harry Miller III, chairman of NAHB's 55+ Housing Industry Council and president of Regal Builders LLC in Dover, Del. "However, development costs and lack of labor are contributing to affordability concerns and preventing even more robust growth in the market." Read More