Eye on Housing

Time 2021-01-01 04:03:55

Web Name: Eye on Housing

WebSite: http://eyeonhousing.org

ID:152650

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With the end of 2020 approaching and a vaccine now being deployed, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the past, dramatic year a year that saw housing emerge as a bright spot for an economy under stress. In September, the NAHB Economics team examined the run-up in lumber costs that occurred Read More Existing Home Sales Fall After Five Months of GainsBy Fan-Yu Kuo on December 22, 2020 (0) After reaching almost 15-year high last month, existing home sales, as reported by the National Association of Realtors (NAR), declined for the first time in six months amid inventory shortage and surging prices. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, fell 2.5% to a seasonally adjusted annual rate of 6.69 million in November. On a year-over-year Read More Tags: Existing Home Sales, inventory, NAR Apartment Absorption Steady but Rent Prices FallBy Carmel Ford on December 22, 2020 (0) The U.S. Census Bureau’s Survey of Market Absorption (SOMA) shows that the absorption rate of unfurnished, unsubsidized apartments (the share rented out in the first three months following completion) inched up to 60 percent in the second quarter of 2020 (from 55 percent in the second quarter of 2019) (Figure 1). Meanwhile, the number of apartments completed fell slightly, from Read More Tags: apartment absorption, Apartment Completions, Condominium Absorption, condominium completions, SOMA, survey of market absorption Sluggish Job Growth in November: State-Level AnalysisBy Danushka Nanayakkara-Skillington on December 21, 2020 (0) Nonfarm payroll employment increased in 32 states in November compared to the previous month. The largest increase came from Texas, which added 61,000 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased just 245,000 over the month of November, following an increase of 610,000 jobs in October. Month-over-month (MoM), total nonfarm employment Read More Tags: construction labor, economics, state and local markets, state employment Second Home Markets Show Construction GrowthBy Litic Murali on December 18, 2020 (0) For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. High-concentration second home counties were defined based on the proportion of the local housing stock that are non-rental properties and not classified as their taxpayer principal residences. Counties with relatively high concentrations1 of such residences were designated as “second home Read More Tags: COVID-19, Economic Recovery, HBGI, home building geography index, multifamily construction, recession, second home, second homes, single-family construction, suburban

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National home builders association discusses economics and housing policy

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