Author: Eye On Housing

  1. Existing Home Sales Jumped in February

    After three consecutive months of decline, existing home sales, released by the National Association of Realtors, rebounded strongly in February. This is the largest monthly gain since December 2015. Total Existing home sales, including single-family h…

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  2. Builders’ Profit Margins Continue to (Slowly) Increase

    Typically, one of the best-kept secrets in a private company is the share of total revenue that stays in the company after paying all operating costs and expenses. For a number of personal, business, or strategic reasons, that number – also known as ne…

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  3. Fed Adopts A More Dovish Stance

    The Federal Open Market Committee (FOMC), the Fed’s monetary policymaking body, held the federal funds rate steady at a top rate of 2.5% at the conclusion of its March meeting. This was no surprise for financial markets, as this approach had been teleg…

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  4. Gypsum Prices Down 10% Since 2018 Peak

    The downward trend in prices paid for gypsum products continued in February, as prices declined 5.1% (seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. Prices paid for gypsum products ha…

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  5. Colors and Finishes for Kitchen Appliances, Cabinets, and Countertops

    Last week’s post on NAHB’s recently released report, What Home Buyers Really Want, highlighted the most wanted kitchen features. This post provides more detail on the colors and finishes home buyers want for their kitchen appliances, cabinets, and coun…

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  6. Updated Snapshot of Local HBA Economics and Housing Statistics

    NAHB recently updated the online tool that provides economic and housing market statistics for all local Home Builder Associations (HBAs). It covers twelve key economic and demographic statistics at three different levels, which allows local HBAs to ea…

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  7. Top Challenges for Builders: Materials in 2018, Labor in 2019

    Building material prices topped the list of problems builders faced in 2018, but cost and availability of labor is expected to return to the number one spot in 2019, according to special questions on the January survey for the NAHB/Wells Fargo Housing …

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  8. Builder Confidence Holds Steady in March

    Builder confidence in the market for newly-built single-family homes held steady at 62 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builders report the market is stabilizing following t…

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  9. Construction Job Openings Hold Steady In January

    After significant data revisions for 2018, new data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings remained near a cycle high as of January, an indication that the skilled labor shortage continues in…

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  10. North Carolina Leads Job Gains in January

    On an annual basis, total nonfarm employment in January increased by 2.8 million jobs, which is a 1.9% increase compared to January 2018. During this time, total nonfarm employment in the Western region increased by 1.9% and in the Southern region by 1…

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