Articles

"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

With the adoption of countervailing and antidumping duties on Chinese tile imports in the US, the race is on for both US tile manufacturers and all the other supplying countries to win a slice of the 64.3 million sq.m of Chinese products. Read More

Apartment production has returned to pre-recession levels and vacancies are low, but more new apartment homes are needed, according to experts participating in a press conference today during the National Association of Home Builders (NAHB) International Builders' Show in Las Vegas. Read More

This most recent iteration of the decade-long collaboration between Dodge and NAHB to analyze the green home building market contained questions on emerging hot topics, including the use of renewable energy systems, smart home technology for energy management and resilient building. These results provide a snapshot of the current market trends and will be used as a benchmark moving forward in future studies. Read More

Spending on residential improvements will continue to grow over the next two years at a gradual pace, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers at the NAHB International Builders' Show (IBS) here. Professional remodelers from across the country agreed with the forecast, citing increased consumer confidence and demand. Read More

"Low resale inventory, favorable mortgage rates, historically low unemployment and accelerating wage growth are driving builder sentiment and point to single-family production gains in 2020," said NAHB chief economist Robert Dietz. "At the same time, builders are still underbuilding as they continue to struggle with rising construction costs stemming from excessive regulations, a chronic shortage of workers and a lack of buildable lots. These affordability headwinds are impeding more robust construction growth." Read More