Author: Eye On Housing

  1. Modular and Other Non-Site Built Housing

    The total market share of non-site built single-family homes was 3.3% of single-family completions in 2017, according to Census Bureau Survey of Construction data and NAHB analysis. This share is expected to rise in 2018 and in the years ahead, due to …

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  2. Only 13% of Adults Plan to Buy a House in Next 12 Months

    According to the Housing Trends Report (HTR)* for the third quarter of 2018, only 13% of adults are planning to purchase a home in the next 12 months.  Most of these prospective buyers (58%) report this is the first time in their lives they would be bu…

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  3. Softwood Lumber Price Decline Largest in Seven Years

    Softwood lumber prices fell 10.3% in October—the largest drop since May 2011—according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. The producer price index for softwood lumber has fallen 21.2% since setting the c…

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  4. Housing Affordability Edges Lower in the Third Quarter

    A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 56.4 percen…

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  5. 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, including data on full and half bathrooms. In 2017, 4 percent of new single-family homes started had 1 full bathroo…

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  6. Open Construction Jobs Decline Off Cycle High

    The count of unfilled jobs in the construction sector pulled back in September, off a upwardly revised August estimate that marked a post-recession high. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number …

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  7. Problems with Lot Availability Remain Widespread

    In a recent NAHB survey, 65 percent of builders reported that the overall supply of developed lots in their areas was low to very low. This is up only one percent from June 2017, but significantly higher than the 42 percent posted in September 2012. Th…

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  8. 250,000 Jobs Added in October

    In the tenth month of 2018, total employment increased by 250,000 and the unemployment rate remained unchanged at 3.7%, suggesting a very strong job market. Residential construction employment increased by 16,600 in October and has risen by 143,500 ove…

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  9. 30-Year Mortgage Rate Continued to Increase in September

    Information compiled by Freddie Mac shows that mortgage rates are continuing to increase after a slight slowdown in the summer months. The 30-year FRM – Commitment rate, inched up by eight basis points to 4.63 percent from 4.55 percent in August….

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  10. Private Residential Spending Edges Up in September

    NAHB analysis of Census Construction Spending data shows that total private residential construction spending inched up 0.6 percent in September, after a dip of 0.4 percent in August. On a quarterly basis, private residential construction spending clim…

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