Birmingham Builders of Alabama

The Greater Birmingham Association of Home Builders strives to protect the American Dream in Central Alabama for housing opportunities for all, while working to promote professional success for its members who build, remodel, and maintain communities, create jobs and improve our local economy.

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Eye On Housing

Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years

Nov 06^th 2019 : With mortgage rates at a three-year low and a healthy job market housing affordability rose to its highest level in three years in the third quarter of according to the National Association of Home Builders NAHB Wells Fargo Housing Opportunity Index HOI In all percent of new and existing homes sold between the beginning of July and end of ...
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Senior Loan Officer Opinion Survey: Multifamily Lending Market Neutral Conditions

Nov 05^th 2019 : The Federal Reserve s latest Senior Loan Officer Opinion Survey contains the reported lending practices as of the third quarter of of large domestically chartered commercial banks and up to large U S branches and agencies of foreign banks The questions that comprise most of the survey are those relating to Commercial amp Industrial C amp I loans Commercial Real Estate ...
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Share of New Homes with Porches Up to 94% in East South Central

Nov 05^th 2019 : Of the single-family homes started in percent came with porches according to NAHB tabulation of data from the Survey of Construction SOC conducted by the U S Census Bureau with partial funding from the Department of Housing and Urban Development Historically the SOC shows the share of single-family homes with porches increasing regularly to a high of percent in ...
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Construction Job Openings Continue Year-over-Year Gains

Nov 04^th 2019 : Data from the BLS Job Openings and Labor Turnover Survey JOLTS indicate that construction job openings increased in September on a year-over-year basis The estimated number of job openings declined from the August total to in September after reaching a post-Great Recession high of in April The September count of unfilled jobs represents a year-over-year gain relative to ...
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Top Bathroom Features Among Millennial Home Buyers

Nov 04^th 2019 : The most wanted bathroom feature among Millennial home buyers is both a shower stall amp tub in the master bath according to a report recently published by the National Association of Home Builders NAHB What Home Buyers Really Want Edition Seventy-six percent of Millennial home buyers want this feature The report is based on a survey that asks prospective ...
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Modular and Other Non-Site Built Housing In 2018

Nov 03^rd 2019 : The total market share of non-site built single-family homes was of single-family completions in according to Census Bureau Survey of Construction data and NAHB analysis This share is expected to rise moderately in and in the years ahead due to the ongoing labor shortage in the residential construction sector and the need to lift labor productivity amid declining housing affordability ...
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