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  1. Vinyl and Stucco are the Most Common Siding On New Homes

    The most common exterior wall materials on homes started in 2017 were vinyl and siding. Vinyl siding was used on 27 percent of the new homes started in 2017, followed closely by stucco (25 percent), brick or brick veneer (21 percent), and fiber cement …

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  2. Existing Sales Steady

    Existing-home sales were unchanged in August, and are 1.5% below the level a year ago. The first-time buyer share of 31% was down from 32% last month and unchanged from a year ago. The National Association of Realtors reported that 52% of homes sold in…

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  3. Housing Starts Rise in August

    Total housing starts posted a gain in August, led by a jump in multifamily production. However, weaker single-family permit data and expected disruption effects from Hurricane Florence will place downward pressure on starts data next month. Total housi…

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  4. Builder Confidence Remains Firm in September

    Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 67 reading in September on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite rising affordability concerns, build…

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  5. Western and Southern States Posts Single-Family Residential Permits Growth

    Over the first seven months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 521,438. On a year-over-year basis, this is a 7.0% increase over the July 2017 level of 487,495. The preliminary results from th…

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  6. Lumber, OSB Prices Retreat in August as Gypsum Reaches New High

    Residential construction goods input prices declined, on average, in August as large monthly increases and decreases offset each other, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. Although the index for…

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  7. A Modest Increase in the “Core” CPI in August

    The CPI increased by 2.7% at a seasonally adjusted annual rate while the “core” CPI rose modestly in August. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), rose at a seasonally adjusted annual rate of 2.7% in August, …

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  8. Women in Construction

    Women remain underrepresented in the construction industry, although they currently make up almost half (47 percent) of the total working population. The share of women employed in construction has stayed relatively constant, around 9 percent since 200…

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  9. Construction Job Openings Rise Again in July

    The count of unfilled jobs in the construction sector increased in July, reaching yet another post-Great Recession high level. The rate of open construction sector jobs also matched a prior cyclical high. According to the BLS Job Openings and Labor Tur…

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  10. Labor and Subcontractor Costs Outpacing Inflation, Raising Home Prices

    Last Thursday’s post reported on the record share of single-family builders reporting shortages of labor and subcontractors.in the July survey for the NAHB/Well Fargo Housing Market Index. The same survey asked builders about the effects the shor…

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