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NAHB Eye on Housing

Continued Gains for November Single-Family Permits

Tuesday January 19th, 2021 02:00:48 PM
Danushka Nanayakkara-Skillington

Over the first eleven months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 888,217. On a year-over-year (YoY) basis, this is an 12.2% increase over the November 2019 level of 791,452. Year-to-date ending in November, single-family permits across the four regions ranged from an increase of 14.4% in the South to an increase of 8.0% in the Northeast…. Read More ›

U.S. Population Growth Slows: Many States See Decline

Monday January 18th, 2021 02:00:11 PM
Litic Murali

According to the U.S. Census Bureau, the Annual Resident Population of the United States as of July 1, 2020 was estimated at 329.5 million, increasing by 1.2 million from the previous year. In 2020, the Census estimated a growth rate of 0.35% on a national level, making the fifth consecutive year of a decline for the population growth rate. In… Read More ›

Led by Lumber, Building Materials Prices Climb 5.4% in 2020

Friday January 15th, 2021 07:19:15 PM
David Logan

Prices paid for goods used in residential construction ex-energy rose 0.7% in December (not seasonally adjusted) and ended the year 5.4% higher than they stood in December 2019, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices declined just twice over the… Read More ›

Operation Costs per Dollar Value Lower for New Homes

Friday January 15th, 2021 07:02:53 PM
Natalia Siniavskaia

New NAHB research based on the latest 2019 American Housing Survey (AHS) shows that, on average, homeowners spend around $9,240 per year to operate and maintain a single-family detached home. This includes property taxes, insurance, maintenance and utilities, with property taxes being the costliest component. Annual operating costs increase consistently with household income, home size and value. When measured as… Read More ›

Jobless Claims Jump to 965,000

Thursday January 14th, 2021 03:57:22 PM
Jing Fu

During the week ending January 9, weekly initial jobless claims soared to 965,000, the highest level since mid-August 2020. Continuing claims, which lag initial jobless claims by one week, rose by 199,000 in the week ending January 2. The labor market is struggling to recover from the COVID-19 pandemic as many states tighten business restrictions amid the resurgence of the… Read More ›

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Refinancing Soars in First Full Week of New Year

Wednesday January 13th, 2021 09:30:09 PM
Litic Murali

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending January 8, 2021, mortgage application activity increased by 16.7% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. One of its two constituent indexes, the Purchasing Index, increased by 8% from the previous week while the other, the… Read More ›

Real Rent Index Unchanged in December

Wednesday January 13th, 2021 08:00:25 PM
Carmel Ford

The real rent index was flat in December, after slight growth in October (+0.1%) and November (+0.2%) (Figure 1). The December reading means that rent inflation and the “core” Consumer Price Index (CPI) moved at the same pace, both increasing by about 0.1%. The annual growth rate of the real rent index was 0.2% in December. NAHB constructs a “real”… Read More ›

Consumer Prices Increase in December

Wednesday January 13th, 2021 03:19:53 PM
Jing Fu

In December, consumer prices increased due to a jump in energy prices. However, inflationary pressures remained weak as the economy is struggling amid the COVID-19 pandemic. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.4% in December on a seasonally adjusted basis, faster than a 0.2% increase in November. Excluding the volatile food… Read More ›

Open Job Rate in Construction Steady

Tuesday January 12th, 2021 03:30:46 PM
Robert Dietz

Job openings in construction remained steady in November as net job gains continued, albeit with distinctions between residential and nonresidential construction. As detailed in the December BLS employment data, over the past eight months job gains in residential construction have offset all of the jobs lost in March and April. Sector employment now stands higher than in February. In contrast, only… Read More ›

Credit Card Debt Continues to Decrease in November

Tuesday January 12th, 2021 03:14:26 PM
Litic Murali

The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through November 2020. In the penultimate month of 2020, consumer credit increased at a seasonally adjusted annual rate of 4.4%, with revolving debt1 decreasing by 1.0% and nonrevolving debt2 increasing by 6.1%. Consumer credit totaled $4.2 trillion on a seasonally adjusted… Read More ›

CNN – Real Estate News

Should I get a fixed- or adjustable-rate mortgage?

Wednesday August 8th, 2018 02:19:25 PM

Read full story for latest details.

Toll Brothers’ record shows the housing boom has no end in sight

Tuesday August 21st, 2018 04:35:35 PM

Read full story for latest details.

What will your monthly mortgage payment be?

Monday February 2nd, 2015 03:53:13 PM

In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.

Looking for a home in Berlin or Budapest? Prepare to pay more

Tuesday July 17th, 2018 11:28:00 AM

Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank.