Author: Eye On Housing

  1. Home Buyers’ Perceptions on Affordability Are Largely Unchanged

    In addition to analyzing buyers’ perceptions about housing availability, the quarterly Housing Trends Report (HTR) also explores perceptions about housing affordability. The poll asks prospective home buyers to estimate the share of homes available in …

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  2. U.S. Banks Report Expectations of Tightening Standards on Loans in 2019

    Latest data from the Federal Reserve Board’s quarterly Senior Loan Officer Opinion Survey (SLOOS) show recent lending policies of eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The survey’s respondents reported…

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  3. Permit Growth Flat in November

    Over the first eleven months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 799,679. On a year-over-year basis, this is a 5.1% increase over the November 2017 level of 761,229. The preliminary results fr…

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  4. Share of Buyers Expecting an Easier House Search Drops from 27% to 19% in a Year

    In the last quarter of 2017, 27% of prospective home buyers expected the search for a home to get easier in the months ahead. Fast forward a year to the final quarter of 2018, and that share falls to 19%.  Logically, if fewer buyers think house hunting…

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  5. Share of Adults Planning to Buy a Home Drops From 24% to 13% In a Year

    In the final quarter of 2018, 13% of adults reported plans to purchase a home within a year. A year earlier, in the final quarter of 2017, a significantly larger portion – 24% – had the same plans.  This sharp decline in the share of prospective home b…

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  6. Multifamily Construction Spending Reaches Record High in November

    NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $542.5 billion in November. It was up 3.5%this month after three consecutive monthly decr…

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  7. Strong Job Growth Continues in January

    The U.S. economy entered 2019 with a strong gain in payroll employment. Total employment increased by 304,000 in January, while the unemployment rate edged up to 4.0%, reflecting the impact of the partial government shutdown. Residential construction e…

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  8. Unexpected Gain for New Home Sales in November

    Data for November indicated a surprise gain for the seasonally adjusted annual rate of new single-family home sales. The data was delayed due to the partial government shutdown. Survey data, including builder confidence, suggest December estimates, whe…

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  9. Student Loans Crowding Out Home Purchases

    Student and auto loans have historically dominated non-mortgage, non-revolving credit, as seen in the Federal Reserve’s G.19 Consumer Credit report. As of the third quarter of 2018, student loan debt totaled $1.6 trillion.  As student-loan debt has his…

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  10. 55+ Housing Market Ends Fourth Quarter on a Positive Note

    The National Association of Home Builders’ 55+ single-family housing market index rose 6 points to 66 in the fourth quarter of 2018, returning to levels seen in the first half of the year (Figure 1). A reading at or above 50 indicates that more builder…

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