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  1. Multifamily Developer Confidence Weakens in Third Quarter

    The National Association of Home Builders’ (NAHB) Multifamily Production Index (MPI) dropped 10 points to 46 in the third quarter of 2017 (Figure 1). This quarter marks the lowest MPI reading since the second quarter of 2011. The MPI measures builder a…

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  2. Townhouse Construction Growth Continues

    According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts continue to post gains. Over the last four quarters ending with the third quarter of 2017, townhouse starts totaled…

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  3. Core Inflation Ticks Up

    The Bureau of Labor Statistics reported that prices faced by urban consumers rose by 0.1 percent over the month of October, slowing down from the 0.5 percentage point increase in September and the 0.4 percentage point rise in August. Over the past year…

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  4. Declining New Home Size Trend Continues

    After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during the third quarter of 2017. This change marks a reversal of the trend that had been in place as builders focused on …

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  5. Housing Starts Rise in October

    Total housing starts increased in October, with solid readings from the single-family sector. Total starts increased 13.7% to a 1.29 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. A jump in …

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  6. Home Features that Use Water

    Almost exactly half of residential water use consists of water used outside the home (e.g., for watering lawns), according to a recent NAHB study.  Indoors, the biggest users of water are toilets, followed by showers, faucets, clothes washers and leaks…

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  7. Builder Confidence Climbs to 8-Month High in November

    Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March. Despite the …

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  8. OSB Price Declines Consistent with Random Lengths Data

    The price of OSB fell 1.0% in October, in contrast to prices paid for softwood lumber (+2.3%), gypsum products (+0.3%) and ready-mix concrete (+0.2%), which all increased. In addition, the price index measuring inputs to residential construction rose 0…

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  9. Fed Survey Confirms Broader Economic Improvement

    Information provided by the Federal Reserve Board in its October 2017 release of the Senior Loan Officer Opinion Survey (SLOOS) indicates that lending standards on commercial and industrial (C&I) loans to large and medium-sized firms continue to ea…

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  10. How Much Water Homes Use

    The residential sector accounts for less than 8 percent of water used in the U.S., according to a recent study published by NAHB. The recent NAHB study draws on information published by the U.S. Geological Survey (USGS).  The USGS compiles data on wate…

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