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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.


Eye On Housing

Specialty Rooms Wanted by Millennial Home Buyers

Dec 04th 2019 : A laundry room is the most popular specialty room anything other than a bedroom bathroom or kitchen among Millennial home buyers with percent of them reporting that it is a desirable percent or essential must have percent room Figure This data comes from a recent NAHB report What Home Buyers Really Want Edition which is based ...
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Air Conditioning and Heating Systems in New Homes

Dec 04th 2019 : The Census Bureau s Survey of Construction SOC provides valuable information on the characteristics of new homes started construction such as air conditioning and heating system installations In percent of new single-family homes started had a central AC system almost the same share as in percent The trend going back to shows a steady rise in the share ...
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Mortgage Application Volume Declines

Dec 03rd 2019 : In the latest tally of mortgage activity for the week ending November the Mortgage Bankers Association s Weekly Application Survey showed a drop from the previous week in conventional mortgage activity which includes both purchases and refinances on a seasonally adjusted basis Overall the market composite index which includes conventional mortgages saw a increase on a seasonally ...
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New Homes Built with Private Wells and Individual Septic Systems in 2018

Dec 03rd 2019 : NAHB Economics analysis of the Survey of Construction SOC data shows that about of new single-family homes started in were served by individual wells and almost have private septic systems These shares however vary widely across the nine Census divisions with the corresponding shares reaching and in New England the highest occurrence rates in ...
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Millennial Areas Front and Center to Housing Affordability Challenges

Dec 02nd 2019 : The third cut of NAHB s Home Building Geography Index HBGI defines Millennial counties as those having at least a share of total population belonging to the Millennial generation born between - The top of counties with a high millennial concentration represent of the U S population These counties also constitute and of single-family and multifamily construction ...
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Gain for Construction Loan Volume During Third Quarter

Dec 01st 2019 : After a slight and delayed dip in interest rates for AD amp C loans the stock of outstanding residential construction loans expanded during the third quarter of The volume of - unit residential construction loans made by FDIC-insured institutions increased The volume of loans increased by million during the quarter placing the total stock of loans at billion ...
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