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RealEstateRama News
Housing Production Drops 3.7 Percent But Remains Near Post-Recession High
Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. The March report marked an 11-year high for housing production.
NAHB Now Accepting Applications for the 2019 Best of 55+ Housing Awards Competition
The National Association of Home Builders (NAHB) 55+ Housing Industry Council is now accepting applications for the 2019 Best of 55+ Housing Awards. All builders, developers, architects, marketers and designers of 55+ housing are invited to enter this prestigious awards competition.
Builder Confidence Climbs to 70 in May
Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in May after a downwardly revised April reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the fourth time the HMI has reached 70 or higher this year.
NAHB Now Accepting Applications for Multifamily Pillars of the Industry Awards Competition
The National Association of Home Builders (NAHB) opened its general call for entries for the Multifamily Pillars of the Industry Awards competition. Multifamily owners and developers, builders, property managers, architects, interior designers and multifamily industry professionals are invited to enter the competition
Builder Confidence in the 55+ Housing Market Remains Healthy in First Quarter
Builder confidence in the single-family 55+ housing market dropped five points to 66 in the first quarter of 2018, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today. The decline came off of an all-time high reading of 71 from the fourth quarter of 2017.
New Home Sales Rise 4 Percent in March
Sales of newly built, single-family homes rose 4.0 percent in March to a seasonally adjusted annual rate of 694,000 units after an upwardly revised February report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This the second highest reading since the Great Recession.
Remodeling Confidence Remains in Strong Territory Despite Three Point Slip
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 57 in the first quarter of 2018, down three points from the previous quarter and back to the same level as the third quarter of 2017.
Housing Starts Rise 1.9 Percent on Multifamily Surge
Gains in multifamily production pushed overall housing starts up 1.9 percent in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
International Housing Association Focuses on Global Skilled Labor Shortage
The International Housing Association (IHA) is focusing on ways to secure the skilled work force necessary to address the needs of the residential construction industry around the world, IHA leaders announced during the association’s annual meeting April 11-13 in Washington, D.C
Builder Confidence Slips One Point, Remains in Solid Territory
Builder confidence in the market for newly-built single-family homes edged down one point to a level of 69 in April on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains on firm ground.
NAHB Study Shows Steady Gains in Construction Employment, But Levels Remain Below Peak
A new construction employment analysis from the National Association of Home Builders (NAHB) shows that 9.8 million people worked in construction in 2016, and more than 3.8 million of them worked in residential construction. These numbers reflect modest but steady job gains since 2011, when construction employment bottomed out.
Millennials Leading the Growth of New Home Buyers
As the housing industry celebrates New Homes Month in April, recent data from the Census Bureau confirms that millennials are increasingly entering the housing market as first-time buyers.
The homeownership rate of millennials—now at 36 percent—registered the largest gains among all age groups in 2017.
February New Home Sales Flat After Upward Revisions to Prior Months
Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6 percent in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November reports, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Budget Accord Misses the Mark on Affordable Housing
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the Low Income Housing Tax Credit component of the $1.3 trillion spending bill agreed to by congressional leaders
New NAHB Resource Shows Professionals How to Build a Successful Social Media Marketing Plan
Social media has become increasingly important to businesses as a marketing and sales tool, however with the plethora of social media sites now available businesses may have a hard time keeping up or even knowing where to start. In Social Media Marketing for Your Business, the latest title released by BuilderBooks, the publishing arm of the National Association of Home Builders (NAHB), builders and residential construction professionals will learn a long-term approach to building and maintaining an effective marketing strategy with social media as a main component
Multifamily Drop Pushes Total Housing Starts Down as Single-Family Makes Gains
A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department
Builder Confidence Remains on Solid Footing in March
Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains in strong territory
Builders Tell Congress: Progress on Regulatory Reform, but the Job is not Done
The National Association of Home Builders (NAHB) today lauded efforts by the Trump administration and Congress to roll back onerous regulations that hurt home building firms and other small businesses but cautioned that much more needs to be done to further reduce regulatory burdens
Statement from NAHB Chairman Randy Noel on Senate Banking Bill
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), banking reform legislation now pending in the Senate
Statement from NAHB Chairman Randy Noel on New Steel and Aluminum Tariffs
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from LaPlace, La., today issued the following statement regarding President Trump’s announcement to impose tariffs on steel and aluminum imports