Posts Tagged ‘ Housing ’

Survey: Average New Single-Family Home Shrinks in 2016

Dec 8th, 2017

According to the U.S. Census Bureau’s recently published Survey of Construction, the median size of a completed single-family home was 2,422 square feet in 2016, down from the 2015 average of 2,689 square feet. That could have implications for the new-construction side of the door and window industry. In 2016, 27 percent of new houses […]

Experts: Housing Supply Shortages Hurt First-Time Buyers

Nov 7th, 2017

Persistently low housing  inventory in many parts of the country is behind the below-average share of first-time buyers in recent years, but two experts say there’s increasing evidence that a surge in homebuilding is around the corner. That’s according to Jessica Lautz of the National Assocation of Realtors (NAR) and Robert Dietz of the National […]

July Newscast: Housing Rebounds, But Affordability is a Concern

Jul 13th, 2017

The U.S. housing market is much healthier than it was in the worst days of the Great Recession, but a lack of supply is pushing prices higher and making home buying and renting more difficult for many Americans. DWM’s July newscast delves into the latest comprehensive report on the state of the nation’s housing market […]

Builder Confidence Continues on Upward Trend

May 15th, 2017

In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to a level of 70 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the second highest HMI reading since the downturn, according to […]

Bill Would Extend Tax Credit to First-Time Homebuyers

Jul 14th, 2016

Sen. Ron Wyden, D-Ore., introduced a bill on Wednesday that could  help individuals and families buy their first home. The First-Time Homebuyer Credit Act of 2016 would give rookie home owners a refundable tax credit that would equal 2.5 percent of the home purchase price, with a maximum credit of $10,000. “Our country’s housing policy needs a remodel,” said Wyden. “We have too many […]

NAHB: Single-Family Housing Will Lead Construction Recovery

Apr 28th, 2016

Single-family housing will power a construction recovery through 2017 as the multi-family sector cools off after several years of strong growth, according to economists who participated in Wednesday’s NAHB Spring Construction Forecast Webinar. They say job growth, low mortgate rates and affordable prices will push the housing market higher into 2016. However, a shortage of […]

Housing Trends: What’s Hot, What’s Not

Feb 25th, 2016

What is the home buyer of the future looking for? Two experts on trends in the U.S. housing market, Mollie Carmichael of John Burns Real Estate Consulting and Nick Lehnert of KTGY Architecture and Planning, gave an information-rich presentation on that topic during the recent American Architectural Manufacturers Association (AAMA) national conference in Huntington Beach, Calif. First, Carmichael noted […]

New-Home Sales Are at an Eight-Year High

Jan 28th, 2016

More Americans became new homeowners in 2015. Sales of newly built, single-family homes rose 14.5 percent year-over-year to 501,000 units in 2015, the highest level since 2007, according to newly released data from HUD and the U.S. Census Bureau. Meanwhile, sales in December increased 10.8 percent to a seasonally adjusted annual rate of 544,000 from […]

Rapid Change Defines State of the Nation’s Housing Market

Jun 25th, 2015

The focus of the U.S. housing market might be shifting in a big way — from owning single-family homes to renting multi-family units, according to the annual State of the Nation’s Housing report from Harvard’s Joint Center for Housing Studies, released Wednesday. The U.S. home-ownership rate slumped to 63.7 percent in the first quarter of 2015. That’s […]

Developers’ Confidence in Multifamily Market Holds Steady

May 28th, 2015

The Multifamily Production Index (MPI) from the National Association of Home Builders (NAHB) held steady with a reading of 54 for the first quarter of 2015, marking the 13th consecutive quarter at 50 or above. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. […]