Author: Eye On Housing

  1. Single-Family Permit Decline in February

    Over the first two months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 116,189. On a year-over-year basis, this is a 6.2% decline over the February 2018 level of 123,871. Year-to-date ending in Februar…

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  2. How Much Are Buyers Willing to Pay for Energy Efficiency?

    On average, home buyers are willing to pay an additional $8,728 upfront on a home in order to save $1,000 a year in utility bills, according to NAHB’s recently released study, What Home Buyers Really Want (2019 Edition) (Figure 1). The study is based o…

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  3. Prices of Construction Inputs Rise Despite Declines in Lumber, Gypsum

    Prices paid for goods used in residential construction increased 1.5% in March (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. Prices have risen more quickly thus far in 2019 than…

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  4. Bedrooms, Kitchens Consume Copious Space in New Homes

    In the average new home, 28.0 percent of the finished floor space is allocated to bedrooms and 11.2 percent to the kitchen area, according to a recent NAHB study.  The study is based on special questions appended to the November 2018 survey for the NAH…

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  5. Energy Prices Rose Sharply in March

    The Bureau of Labor Statistics (BLS) released the Consumer Price Index for March. On a seasonally adjusted basis, the Consumer Price Index (CPI) rose by 0.4% in March, after a 0.2% increase in February. Excluding the volatile food and energy components…

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  6. Government Issues New Definitions for Metropolitan Statistical Areas

    The Office of Management and Budget (OMB) issued new definitions for some of the nation’s Metropolitan Statistical Areas (MSAs) and Metropolitan Divisions in 2018.  In this context, the definition of a metro area is simply the list of counties(y) that …

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  7. Construction Job Openings Fall Back in February

    Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings fell back in February but remain higher on a year-over-year basis, consistent with the ongoing challenge of the availability of labor for builders….

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  8. Nonrevolving Consumer Credit Decelerates in February

    The current G.19 Federal Reserve Consumer Credit report has been updated to show the preliminary figures for February 2019 consumer credit. In February, consumer credit increased at a seasonally adjusted annual rate of 4.5%. Revolving1 credit increased…

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  9. Nonrevolving Consumer Credit Decelerates in February

    The current G.19 Federal Reserve Consumer Credit report has been updated to show the preliminary figures for February 2019 consumer credit. In February, consumer credit increased at a seasonally adjusted annual rate of 4.5%. Revolving1 credit increased…

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  10. Monthly Employment Growth Improved in March

    Total payroll employment increased by 196,000 in March, while the unemployment rate was unchanged at 3.8%. Residential construction employment increased by 12,200 in March, after the decline of 8,100 jobs in February. The total construction industry (b…

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