Posts Tagged ‘ Robert Dietz ’

Single-Family Permits Rebounded in January, Followed by Steady Sales and Rising Sentiment

Apr 4th, 2024

The latest stats from the National Association of Homebuilders (NAHB) spell good news for door and window dealers. The organization reported that in January 2024, the total number of single-family permits issued year to date (YTD) nationwide reached 75,906 — an increase of 43.1% over the January 2023 level of 53,062. The association reports that […]

Single-Family Permit Starts Rebounding as Builder Sentiment Rises Above Breakeven Point

Mar 25th, 2024

The latest stats from the National Association of Homebuilders (NAHB) spell good news for door and window dealers. This month the organization reported that in January 2024, the total number of single-family permits issued year to date (YTD) nationwide reached 75,906 — an increase of 43.1% over the January 2023 level of 53,062. The association […]

Will Higher Home Prices Slow the Pace for Doors and Windows?

Feb 14th, 2024

In the third quarter of 2023, rising mortgage rates, elevated construction costs and a limited inventory of homes pushed housing affordability to its lowest level in more than a decade. Meanwhile, new fourth-quarter statistics show little improvement. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released last week, just […]

Construction Rises but Can Builders Finish With so Few Hands?

Feb 1st, 2024

The labor market showed significant improvements over 2022-23. But for construction, that trend was destined to change, experts warned [DWM]. By mid-2023, the number of workers needed had reached the mid-300,000 range, after peaking at over 500,000. Those improvements were attributed mostly to a decrease in starts among single-family homes, said Robert Dietz, chief economist […]

With the New Year Comes New Confidence for Builders

Jan 18th, 2024

The new year rang in bright for homebuilders, says Associated Builders and Contractors (ABC) chief economist Anirban Basu. The association’s Construction Backlog Indicator rose to 8.6 months in December from 8.5 months in November. This is according to an ABC member survey conducted December 20 through January 4. “Collectively, contractors experienced an uptick in optimism […]

As Remodeling Wanes Home Building Is Expected to Pick Up

Dec 13th, 2023

Experts say the housing recession that dogged new home production from the second quarter of 2020 through the end of 2022 is over. But the scars of higher home prices and mortgage rates have left millennials with a bad taste in their mouth. That’s according to a survey conducted by Redfin Corp., a Seattle-based residential […]

Jobs Report Shows Fewer Workers Needed, Except Construction

Dec 7th, 2023

The U.S. Bureau of Labor Statistics (BLS) released its latest job openings and labor turnover summary this week, showing that fewer employers are in need of workers. Job openings decreased by 617,000 to 8.7 million in October, marking the lowest point since March 2021. At the same time, the job openings rate decreased by 0.3 percentage point […]

Builder Confidence Falls but Single-Family Starts Edge Higher

Aug 17th, 2023

The National Association of Homebuilders (NAHB) has reported that, after steadily rising for seven consecutive months, builder confidence fell for the first time this year in August. The association points to rising mortgage rates that, according to Freddie Mac, are nearing 7%, along with “stubbornly high” shelter inflation, as having eroded housing affordability and put […]

Builder Confidence Continues to Climb in Face of Concerns Over Rising Rates

Jul 24th, 2023

The National Association of Homebuilders (NAHB) credits demand for new homes, thanks to low existing inventory, for the increase in builder confidence in the month of July. The increase comes even as mortgage rates rise, construction costs remain elevated and limited lot availability haunts the industry. The NAHB/Wells Fargo Housing Market Index (HMI) shows builder […]

Single-Family Starts Improving

Jun 21st, 2023

A report from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau indicates that single-family starts rose to an 11-month high in May. In reporting on the change, the National Association of Homebuilders (NAHB) attributes an increase to limited existing inventory combined with solid demand and improving supply chains. According […]