Author: Eye On Housing

  1. Fed Raises Key Rate, Balance Sheet Normalization to Accelerate in January

    In its statement following its December 12-13, 2017 meeting, the Federal Open Markets Committee (FOMC) decided to raise the target range for the federal funds rate to a range of 1.25 to 1.5 percent, a decision that was widely expected. Despite the incr…

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  2. State Economies Contribute to Nationwide GDP Growth in Q2 of 2017

    Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the second quarter of 2017, according to the U.S. Bureau of Economic Analysis. The majority of the states, 44, and the District of Columbia posted an acceleration …

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  3. Record-Setting Pace of Price Increases Continues

    Prices paid for inputs to residential construction (+0.7%), softwood lumber (+2.3%), gypsum products (0.4%), and OSB (+15.3%) all increased in November, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. Since…

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  4. Homeowners’ Equity Improves

    The Financial Accounts of the United States for the third quarter of 2017 were published by the Board of Governors of the Federal Reserve System recently. On a nominal and not seasonally adjusted basis, the aggregate market value of households’ real es…

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  5. Construction Job Openings Rise in October

    The count of unfilled jobs in the construction sector increased in October. This increase occurred during a period of expansion for repair and remodeling work in the wake of Hurricanes Harvey and Irma. According to the BLS Job Openings and Labor Turnov…

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  6. Garages in New Homes: 2016 Data

    A majority of new homes that completed construction in 2016 included two-car garages, according to NAHB analysis of Census Bureau Survey of Construction data.   For new single-family completions in 2016, 63% of homes offered a two-car garage. Another 2…

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  7. Solid Employment Gains in November

    According to the Employment Situation for November 2017 reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 228,000 in November and the unemployment rate was unchanged at 4.1%. Employment growth has averaged 174,0…

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  8. Impact of the Canadian Lumber Duties on the U.S. Economy in 2018

    On November 2, 2017, the Commerce Department announced its final decision to impose duties averaging 20.83 percent on Canadian softwood lumber shipments into the U.S. The impacts of these duties on the U.S. economy next year will include increased prod…

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  9. Number of Bathrooms in New Homes

    Every year, the US Census Bureau publishes data on the characteristics of new single-family homes started in its Survey of Construction. In 2016, 3.7 percent of new single-family homes started had 1 bathroom or less, 60.9 percent had 2 bathrooms, 26.7 …

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  10. Air Conditioning and Heating Systems in New Homes

    Air Conditioning Systems Every year, the US Census Bureau publishes information on characteristics of new homes started in its Survey of Construction (SOC), including air conditioning and heating systems. In 2016, 93.5 percent of new single-family home…

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