Share of 5,000+ Square Foot Homes Down Slightly in 2019
According to the Census Bureau’s Survey of Construction, the share of new homes started with 5,000 square feet or more of living space stood at 2.71 percent in 2019, down slightly from...
The National Association of Home Builders
Robust Gains for August Single-Family Permits
Over the first eight months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 616,856. On a year-over-year (YoY) basis, this is an 6.9% increase over the August 2019 level of 576,798. ...
NAHB Estimates 5.5% of Nation’s Housing Stock Is Devoted to Second Homes
According to NAHB estimates, the total count of second homes was 7.5 million, accounting for 5.5% of the total housing stock in 2018, the most recent data available. As of 2018, the...
Remodeling Industry Confidence Surges in Third Quarter
The National Association of Home Builders’ Remodeling Market Index (RMI) posted a reading of 82 in the third quarter, indicating remodelers’ strong confidence in their markets, for projects of all sizes (Table...
Strong Gains in August for Single-Family Construction
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $589.4 billion in August. It was up 3.7% over the upwardly...
New Homes Account for 3.7% of the US Energy Consumption
The residential sector, including single-family, multifamily, and manufactured housing, accounts for about 21.2% of the US energy consumption, according to the 2020 Energy Information Administration’s (EIA) Annual Energy Review. New homes built since 2000...
Private Residential Construction Spending Up 2% in July
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $546.6 billion in July. It was up 2.0% this...
Builder Confidence Matches All-Time High on Record Traffic
In a sign that housing continues to lead the economy forward, builder confidence in the market for newly-built single-family homes increased six points to 78 in August, according to the latest National...
New Single-Family Home Size Leveling Off?
New single-family home size trended lower during the second quarter 2020 at the beginning of what we are forecasting will be a pivot to larger home size over the next two years....
Housing Starts Gain Ground in July
Single-family housing permits and starts expanded in July as housing demand and construction remains a bright spot for the overall economy. Demand is being supported by low interest rates and a renewed...
Custom Home Building Outperformed the Market During 2Q20
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building performed better than the overall building market during the challenging second quarter of...
Townhouse Construction Weakness Continues
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during a challenging second quarter. The sector was also relatively weaker than...
Multifamily Production Remains in Negative Territory
Confidence in the market for new multifamily housing increased in the second quarter but still remains in negative territory, according to the National Association of Home Builders (NAHB). The Multifamily Production Index...
Private Residential Construction Spending Declined in June
NAHB analysis of the Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $534.2 billion in June. It was down 1.5%...
Eye on Housing: Housing Share of GDP Climbs to 13-Year High
Housing will lead the economic recovery. Due to low mortgage interest rates, a renewed focus on the importance of home, and a lack of for-sale inventory, housing data has been a relative...
NAHB: Remodeling Industry Sees Optimism Despite COVID-19
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) in the second quarter of 2020, posting a reading of 73. This is the second quarter with a new...
NAHB: Single-Family Starts and Permits Post Double-Digit Gains in June
Led by solid single-family production, total housing starts increased 17.3 percent in June to a seasonally adjusted annual rate of 1.19 million units, according to a report from the U.S. Housing and...
NAHB: Builder Confidence Rallies to Pre-Pandemic Level in July
In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July,...
Remodelers’ Profits Remain Flat
The industry-average net profit margin for remodelers was 5.2% in 2018, essentially unchanged from the 5.3% reported in 2015, according to the latest Remodelers’ Cost of Doing Business Study. The report includes a nationwide...
OSHA Issues Guidance on Returning to Offices After Shutdowns
Administration (OSHA) late last week issued guidance to assist employers reopening business offices and their employees returning to work during the evolving coronavirus pandemic. The guidance provides general principles for easing restrictions put in...
Coronavirus Likely to Add Home Building Momentum in Smaller Markets
The COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation—residential construction activity that is expanding at a more rapid rate in lower density markets such as...
NAHB: Broad Declines for Home Construction in April
In a sign of the growing economic toll from the coronavirus pandemic, total housing starts decreased 30.2 percent in April to a seasonally adjusted annual rate of 891,000 units, according to a...
NAHB: New Home Sales Hold Steady in April
In a sign that the housing market is stabilizing in the wake of the COVID-19 pandemic, sales of newly built, single-family homes rose 0.6 percent to a seasonally adjusted annual rate of...
2020 National Green Building Standard Approved by ANSI
The 2020 Edition of the ICC-700 National Green Building Standard® (NGBS) has been approved by the American National Standards Institute (ANSI) and is available for public use. Having been developed over the...
Builder Confidence Posts Historic Decline on Coronavirus Pandemic
Reflecting the growing effects of the COVID-19 pandemic, builder confidence in the market for newly-built single-family homes plunged 42 points in April to 30, according to the latest National Association of Home...
NAHB Debuts New Index for Remodeling Activity
The National Association of Home Builders (NAHB) redesigned its Remodeling Market Index (RMI) in the first quarter of 2020 to ease respondent burden and improve its ability to interpret and track industry...
Housing Starts Down in March on Coronavirus Effects
Reflecting the growing impact of the COVID-19 pandemic, total housing starts decreased 22.3 percent in March from a downwardly revised February reading to a seasonally adjusted annual rate of 1.22 million units,...
NAHB Calls for a Pause on Construction Sites to Educate Workers on Coronavirus Safety
The National Association of Home Builders (NAHB) is urging members, and all residential construction companies, to halt work for at least 10 minutes on Thursday, April 16, to educate workers on what...
NAHB: Evaluating Your Contracts in the Wake of the Coronavirus Pandemic
Home builders should expect delays caused by supply chain disruption, workforce unavailability, and even permitting due to shelter-in-place recommendations to stem the spread of COVID-19 caused by a novel coronavirus. Companies should...
NAHB: Trends from the Best In American Living Awards
More than 150 single-family, multifamily, interior design, remodeling and community projects were honored at the 2019 Best in American Living™ Awards (BALA) ceremony held during the National Association of Home Builders (NAHB)...