Articles

"The February numbers reflect the strong state of the market before coronavirus concerns set in," said NAHB chief economist Robert Dietz. "Given the momentum in the housing market at the start of the year, we do expect sales and construction activity to weaken during the third quarter; but housing's potential suggests it will be a sector that will help lead the economy during the eventual rebound once virus mitigation is complete." Read More

The Top 50 Retailer Listing serves as a benchmark for the industry — number of stores versus revenue for retailers across the country. While some businesses are forthcoming with their financials, others are more private. Read More

"Builder confidence remains solid, although sales expectations for the next six months dropped four points on economic uncertainty stemming from the coronavirus," said NAHB chairman Dean Mon, a home builder and developer from Shrewsbury, N.J. "Interest rates remain low, and a lack of inventory creates market opportunities for single-family builders." Read More

"As indicated by some of the softening in builder confidence in March, housing construction faces significant headwinds as we enter the spring season," said NAHB chief economist Robert Dietz. "With a rising number of economic sectors on a partial or full pause due to coronavirus mitigation, housing demand and the ability to continue full construction of homes is at significant risk." Read More

"Demand for apartments has been strong for the past several months, especially for apartments that are more affordably priced," said Barry Kahn, president of Hetting-Kahn Holdings in Houston and chairman of NAHB's Multifamily Council. "We are seeing an increased need for affordable housing in most markets around the country." Read More

Confidence in the market for new multifamily housing remained unchanged in the fourth quarter of 2019, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) remained even at 49, while the Multifamily Vacancy Index (MVI) also remained even with a reading of 40. Read More

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