NAHB News

National Association of Home Builders

Eye On Housing National Association of Home Builders Discusses Economics and Housing Policy

  • Construction Trades: A Step on the Path Toward Higher Paying Jobs
    by Paul Emrath on December 14, 2017 at 1:32 pm

    A recent NAHB study identifies eight senior positions at home building companies that are often to nearly always filled by someone with experience in one or more of the construction trades.  Average annual compensation (salary and bonus combined) for each of the eight positions is at least $80,000—at least $100,000, if the position is Head/Director or above of one of... Read More &rsaquo […]

  • Fed Raises Key Rate, Balance Sheet Normalization to Accelerate in January
    by Michael Neal on December 13, 2017 at 9:35 pm

    In its statement following its December 12-13, 2017 meeting, the Federal Open Markets Committee (FOMC) decided to raise the target range for the federal funds rate to a range of 1.25 to 1.5 percent, a decision that was widely expected. Despite the increase, the FOMC believes that the “stance of monetary policy remains accommodative”. As illustrated by the Federal Reserve... Read More &rsaquo […]

  • State Economies Contribution to Nationwide GDP Growth
    by Danushka Nanayakkara-Skillington on December 13, 2017 at 2:47 pm

    Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the second quarter of 2017, according to the U.S. Bureau of Economic Analysis. The majority of the states, 44, and the District of Columbia posted an acceleration in its annualized rate from the first quarter of 2017 to the second quarter of 2017 while only... Read More &rsaquo […]

  • Record-Setting Pace of Price Increases Continues
    by David Logan on December 13, 2017 at 1:09 am

    Prices paid for inputs to residential construction (+0.7%), softwood lumber (+2.3%), gypsum products (0.4%), and OSB (+15.3%) all increased in November, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. Since January 2017, the price paid for every major input to construction NAHB tracks has increased. The following is a list of price increases... Read More &rsaquo […]

  • Homeowners’ Equity Improves
    by Jing Fu on December 12, 2017 at 9:39 pm

    The Financial Accounts of the United States for the third quarter of 2017 were published by the Board of Governors of the Federal Reserve System recently. On a nominal and not seasonally adjusted basis, the aggregate market value of households’ real estate continues to improve. In nominal terms, households’ owner-occupied real estate increased to $24.2 trillion in the third quarter... Read More &rsaquo […]

  • Construction Job Openings Rise in October
    by Robert Dietz on December 11, 2017 at 4:31 pm

    The count of unfilled jobs in the construction sector increased in October. This increase occurred during a period of expansion for repair and remodeling work in the wake of Hurricanes Harvey and Irma. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 227,000 in October. This count is close... Read More &rsaquo […]

  • Garages in New Homes: 2016 Data
    by Danushka Nanayakkara-Skillington on December 11, 2017 at 2:28 pm

    A majority of new homes that completed construction in 2016 included two-car garages, according to NAHB analysis of Census Bureau Survey of Construction data.   For new single-family completions in 2016, 63% of homes offered a two-car garage. Another 22% of homes possessed a garage large enough to hold three or more cars. Just 6% of newly-built homes had a one-car garage, and... Read More &rsaquo […]

  • Solid Employment Gains in November
    by Jing Fu on December 8, 2017 at 4:39 pm

    According to the Employment Situation for November 2017 reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 228,000 in November and the unemployment rate was unchanged at 4.1%. Employment growth has averaged 174,000 per month so far this year, compared with the average monthly growth of 187,000 over all of 2016. The unemployment rate was... Read More &rsaquo […]

  • Impact of the Canadian Lumber Duties on the U.S. Economy in 2018
    by Paul Emrath on December 7, 2017 at 9:06 pm

    On November 2, 2017, the Commerce Department announced its final decision to impose duties averaging 20.83 percent on Canadian softwood lumber shipments into the U.S. The impacts of these duties on the U.S. economy next year will include increased production by U.S. sawmills, reduced imports from Canada, and higher prices paid for lumber by consumers in the U.S., which in... Read More &rsaquo […]

  • Number of Bathrooms in New Homes
    by Carmel Ford on December 7, 2017 at 2:30 pm

    Every year, the US Census Bureau publishes data on the characteristics of new single-family homes started in its Survey of Construction. In 2016, 3.7 percent of new single-family homes started had 1 bathroom or less, 60.9 percent had 2 bathrooms, 26.7 percent had 3 bathrooms, and 8.7 percent had four bathrooms or more (Figure 1).   The term ‘bathroom’ in this... Read More &rsaquo […]

 

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