Posts Tagged ‘ Dean Mon ’

Research Shows Smaller Housing Markets Could Be Key

Jun 23rd, 2020

COVID-19 has changed the way many door and window companies operate, leaving some to follow housing trends associated with the pandemic. Meanwhile, research indicates that COVID-19 is likely to hasten housing trends already underway in residential construction—including a rapid expansion of low-density markets, such as smaller cities and rural areas, making them key areas for […]

New Housing Numbers Show Signs of Continued Growth

Jun 18th, 2020

In a sign that the housing market continues to show forward momentum, single-family permits posted an 11.9% gain in May, while total housing starts increased 4.3% to a seasonally adjusted annual rate of 974,000 units, according to a report from the U.S. Housing and Urban Development and Commerce Department. The May reading of 974,000 starts […]

Builder Confidence Surges in June

Jun 16th, 2020

In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which was released today. Any reading above 50 indicates a positive […]

COVID-19 Likely to Add Momentum to Home Building in Smaller Markets

Jun 2nd, 2020

The latest quarterly National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) shows: 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 smaller cities and rural areas. Multifamily development is […]

New Home Sales Hold Steady in April

May 26th, 2020

In a sign that the housing market is stabilizing in the wake of COVID-19, sales of newly built, single-family homes rose 0.6% to a seasonally adjusted annual rate of 623,000 units in April, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The April rate […]

Broad Declines for Home Construction in April

May 19th, 2020

The total housing starts decreased by 30.2% in April to a seasonally adjusted annual rate of 891,000 units, according to a report from the U.S. Housing and Urban Development and Commerce Department. The April reading of 891,000 starts is the number of housing units builders would begin if they kept this pace for the next […]

COVID-19 Pandemic Economic Losses Depresses Housing Affordability

May 8th, 2020

COVID-19 pandemic-related surging job losses in March contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released yesterday. The NAHB reports that in all, 61.3 percent of homes—both new and existing—sold between January […]

NAHB Chairman Issues Statement on Congress’ Additional Stimulus Funding

Apr 22nd, 2020

On the heels of the news that the U.S. Senate approved additional funding for small businesses, Dean Mon, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Shrewsbury, N.J., issued a statement of approval of the action. “The additional $380 billion in new small-business funding approved by the […]

Housing Starts Down in March Due to Coronavirus Effects

Apr 16th, 2020

The U.S. Housing and Urban Development and Commerce Department recently released a report that states total housing has decreased by 22.3% in March. This resulted from a downwardly revised February reading to a seasonally adjusted annual rate of 1.22 million units, according to a report. Meanwhile, overall permits declined 6.8% to 1.35 million. The March […]

Coronavirus Causes Builder Confidence Decline of Historic Proportions

Apr 15th, 2020

Builder confidence in the market for newly-built single-family homes plunged 42 points in April, the largest single monthly change in the history of the index and marks the lowest builder confidence reading since June 2012, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. The drop, which puts […]