Posts Tagged ‘ U.S. Census Bureau ’

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 […]

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 […]

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 […]

Rising Mortgage Rates Lower Housing Starts

Sep 21st, 2023

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly issued new residential construction statistics for August 2023 and the numbers point to a drop in both building permits and housing starts compared to this time last year. The numbers were down 2.7% and 14.8% respectively. Building permits, the report noted, […]

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 […]

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 […]

Senators Press Commerce Over Exclusion Rules for Tariffs

Jun 12th, 2023

Members of the U.S. Senate, led by Senator Tom Cotton (R-Arkansas), appealed to the Department of Commerce (Commerce) last week, urging Secretary of Commerce Gina Raimondo to revise exclusion rules for tariffs on aluminum extrusion products. In a letter addressed to Raimondo, a bipartisan group of seven U.S. Senators suggested that General Approved Exclusion Rules […]

With Fewer Homes on the Market, Builders Show Uptick in Confidence

May 22nd, 2023

The outlook among homebuilders improved in May, as production for single-family projects saw its highest rate yet in 2023. Confidence in the market for newly built single-family homes rose by five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The improvement marks a fifth straight month […]

This Earth Day, We Have Opportunities for Education, Growth and a Louder Voice in Green Building

Apr 3rd, 2023

As with many things these days, it’s hard to believe that once upon a time people agreed on things. In 1969, Sen. Gaylord Nelson, a junior senator from Wisconsin who was concerned about the state of the environment in the U.S., saw a massive oil spill in Santa Barbara, Calif. He recruited others to organize […]

New Home Sales Up in November

Jan 4th, 2023

Data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau just before Christmas shows that sales of newly built, single-family homes in November increased 5.8% to a seasonally adjusted annual rate of 640,000. At the same time, on a year-to-date basis, new home sales are down 15.2%. The National […]