Author: Eye On Housing

  1. Most Areas See Growth in Single-Family Starts

    NAHB analysis of the Survey of Construction (SOC) shows that, nationally, there were 847,830 new single-family units started in 2017, 9% higher than the units started in 2016. Among all of the nine Census divisions, new single-family units started in t…

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  2. Remodeling Confidence Increases Despite Rising Costs

    The Remodeling Market Index (RMI) rose one point to 58 in the second quarter of 2018, according to the National Association of Home Builders (NAHB). A RMI reading above 50 indicates that more remodelers report market activity is higher than report it i…

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  3. Residential Construction Down in June

    Following two consecutive monthly increases, single-family starts fell by 9.1 percent over the month of June to a seasonally adjusted annual rate of 858,000, according to a joint release by the Census Bureau and the Department of Housing and Urban Deve…

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  4. Builder Confidence Stays at Healthy Level in July

    Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 68 reading in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builders are optimistic about housing market cond…

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  5. Western States Lead Single-family Residential Permits Growth, Northeast Lags

    Over the first five months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 363,327. On a year-over-year basis, this is an 8.0% increase over the May 2017 level of 336,410. The results from the SOC are sim…

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  6. Apartment Construction Times Lengthened in 2017

    The average length of time to complete construction of a multifamily building, after obtaining authorization, was 15.7 months according to the 2017 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time has been on an…

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  7. Slightly Longer Hours Worked Makes Up For Faster Inflation

    The Bureau of Labor Statistics (BLS)┬áreported that, on a seasonally adjusted basis, headline consumer prices, grew over the month of June, but at a slower pace than in May. The monthly slowdown partly reflected a decline in energy prices, electricity a…

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  8. Lumber Prices Increase While Gypsum Falls in June

    The prices of building materials generally increased in June, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. For the second consecutive month, softwood lumber (+4.0%) led the way, followed by oriented stra…

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  9. Count of Unfilled Construction Jobs Remains Near Cycle High

    The count of unfilled jobs in the construction sector was flat in May, remaining near post-Great Recession high levels. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs c…

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  10. Time Needed to Build a Single-Family Home in 2017

    The 2017 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.5 months, which usually includes almost a month from authorization to start and another 6.5 months to finish the co…

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