Articles
Multifamily sentiment improves in Q3
Confidence in the market for new multifamily housing improved in the third quarter, 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) increased five points to 53 compared to the previous quarter. The Multifamily Occupancy Index (MOI) also increased by five points, up to 75-the highest reading since the inception of the index in 2003. Read More
NKBA Releases 2022 Design Trends Report
The National Kitchen & Bath Association (NKBA) released its annual Design Trends report. The 2022 study, a deep dive into all aspects of both kitchen and primary bathroom design, forecasts the styles, features, materials and innovations expected to be most popular over the next two to three years. Read More
October Housing Starts Down 0.7% from September, but Up 0.4% YOY
Washington, DC, November 17, 2021- Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,520,000, 0.7% below the revised September estimate of 1,530,000 but 0.4% above the October 2020 rate of 1,514,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced. Read More
Construction Starts Up 16% in October
Total construction starts pushed 16% higher in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network. Nonresidential building starts gained 29% and nonbuilding moved 52% higher in October, while residential starts lost 8%. Read More
Builder Sentiment Rose 3 Points to 83 in November
Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges-including building material bottlenecks and lot and labor shortages-remain stubbornly persistent. Read More
Premium Ocean Shipping Rates Fell 25% Last Week, Ports Still Clogged
The cost to move a container across the Pacific fell by more than one-quarter last week, the biggest decline in two years, reports the Wall Street Journal. This applies to premium, not contract buy, rates; most flooring importers don't buy at this premium rate. Read More