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  1. Apartment and Condominium Confidence Rebounds to Positive Territory in Second Quarter

    Builder and developer confidence in the multifamily market strengthened in the second quarter of 2019, according to the National Association of Home Builders’ (NAHB) Multifamily Market Survey (MMS). The MMS consists of two indices measuring supply and …

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  2. Contrasting Built-for-Rent and For-Sale New Single-Family Homes

    How do homes built-for-rent differ from more common for-sale new single-family homes? This is an important question given recent attention on the built-for-rent sector of the residential construction industry. Second quarter data for 2019 reveal that a…

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  3. Existing Home Sales See First Year-Over-Year Gain in a Year, Boosted by Lower Mortgage Rates

    After a minor decline in June, existing home sales, released by the National Association of Realtors (NAR), rebounded in July. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, climbed 2.5% to a seasonally ad…

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  4. Townhouse Construction Weaker

    According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction slowed during the second quarter of 2019 after a strong 2018 performance. This market softness matches recent data in the …

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  5. Flat Conditions for Custom Home Building

    NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building was effectively flat over recent quarters. There were 49,000 total custom starts for the second quarter of 2019. This w…

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  6. Homebuyer Preferences: Millennials vs. Other Generations

    A recent study by NAHB reveals that millennials have a much stronger desire for certain bathroom features relative to older generations. The report compiled survey data between 2007 and 2018 and found that the share of home buyers who want whirlpool tu…

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  7. New Single-Family Home Size Continues Trending Lower

    New single-family home size decreased during the second quarter of 2019 as interest rates declined. According to second quarter 2019 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family squ…

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  8. Texas Leads Job Gains in July

    Total nonfarm employment, seasonally adjusted (SA) increased by 2.2 million jobs, year-over-year (YoY), or 1.5% from July 2018 to July 2019. During this time, total nonfarm employment in the Western region increased by 2.1%. The South, Northeast, and M…

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  9. Flat Conditions for Single-Family Built-for-Rent Construction

    The number of single-family homes built-for-rent has held steady over the last year amidst declines for other forms of home construction. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose an…

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  10. Single-Family Starts Continue Improvement in July

    According to estimates from the U.S. Housing and Urban Development and Commerce Department, the pace of single-family construction continued to improve in July. After reaching a post-winter low annualized rate of 814,000 in April, single-family starts …

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