Articles
Remodeling confidence improves year over year
"Demand for remodeling remains strong, and remodelers are doing quite well as long as they can adequately deal with material and labor shortages," said NAHB Remodelers chair Steve Cunningham, CAPS, CGP, a remodeler from Williamsburg, Va. "So far, a substantial share of their customers have been willing and able to tolerate the extra cost and delays of requested remodeling projects." Read More
Housing Affordability Continued to Improve in August
Compared to one year ago, affordability declined in August as the median family income rose by 3.9% while the monthly mortgage payment increased 13.9%. The effective 30-year fixed mortgage rate was 2.89% this August compared to 3.00% one year ago, and the median existing-home sales price rose 15.6% from one year ago. Read More
Consumer Spending Accelerated in August
Personal income increased $35.5 billion (0.2%) in August, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $18.9 billion (0.1%), and personal consumption expenditures (PCE) increased $130.5 billion (0.8%). Read More
Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2021
Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2021 The U.S. Bureau of Economic Analysis (BEA) has issued the following news… Read More