Articles

Confidence in the market for new multifamily housing turned downward in Q1 2022, according to results from the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). Read More

After expanding by 5.9% in 2021, The Conference Board expects global economic growth to slow to 2.9% this year, representing a downgrade of 1.0 percentage point from the February global economic outlook. Read More

Total existing-home sales slid 2.4% from March to a seasonally adjusted annual rate of 5.61 million in April, according to the National Association of Realtors. Year-over-year, sales dropped 5.9% (5.96 million in April 2021). Read More

The single-family housing market continued to show signs of slowing in April as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market. Read More

Housing affordability posted a modest gain for average conditions in the first quarter of 2022 as a strong jump in national median income helped to offset a gradual rise in interest rates. However, home builders warn of current deteriorating conditions as a sharp jump in mortgage rates in March and April coupled with ongoing building material supply chain disruptions, labor shortages and high inflation drive up housing costs. Read More

Prices of materials and services used in new nonresidential construction leaped nearly 21 percent in April from year-ago levels, according to an analysis of government data by the Associated General Contractors of America. Read More

Builder confidence in the market for newly built single-family homes fell eight points to 69 in May, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the fifth straight month that builder sentiment has declined and the lowest reading since June 2020. Read More

Advance estimates of U.S. retail and food services sales for April 2022 were $677.7 billion, an increase of 0.9% from the previous month and 8.2% above April 2021, according to the U.S. Census Bureau. Read More

The Home Depot reported net sales of $38.9 billion for Q1 2022, an increase of 3.8% from Q1 2021’s $37.5 billion. Read More

At the Starnet meeting in Colorado Springs, Alan Beaulieu of ITR Economics reported that the non-residential flooring market will remain strong through the middle of 2023. Read More