Top Posts: Time Needed to Build a Single-Family Home in 2017

With the end of 2018 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In July, Na Zhao examined construction build times for single-family homes. The 2017 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.5 months, which usually includes almost a month... Read More ›

Top Posts: Home Features Buyers Consider Essential

With the end of 2018 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In March, Rose Quint analyzed consumer preference survey data. NAHB regularly conducts national polls of American adults and home buyers in order to understand new trends and preferences in the housing market. This is the fourth in a series of posts... Read More ›

Top Posts: Highest Paid Occupations in Construction

With the end of 2018 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In June, Natalia Siniavskaia analyzed construction wage data. According to the most recent release of the Occupational Employment Statistics (OES) by the Bureau of Labor Statistics (BLS), half of payroll workers in construction earn more than $45,820. In comparison, the US median wage is... Read More ›

Top Posts: Time Needed to Build a Single-Family Home in 2017

With the end of 2018 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In July, Na Zhao analyzed data concerning popular floor plans. The 2017 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.5 months, which usually includes almost a month from authorization... Read More ›

Top Posts: Age of Housing Stock by State

With the end of 2018 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In August, Na Zhao examined the nation’s aging housing stock. According to the latest data from the 2016 American Community Survey (ACS), the median age of owner-occupied homes remained at 37 years. The age of the housing stock is an important remodeling... Read More ›

Top Posts: Entry-Level Home Inventory Yields Declining New Home Size

With the end of 2018 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In November, we analyzed trends for new home size. Continuing a multiyear trend, new single-family home size decreased during the third quarter of 2018. New home size has been falling over the last three years due to an incremental move to additional... Read More ›

The Fed Raises Rates But Reduces Outlook

As expected, the Federal Open Market Commitee (FOMC) raised its target for the federal funds rate by 25 basis points at the conclusion of its December meeting, marking the fourth rate hike for 2018. The increase brings the target range to 2.25% to 2.5%, which is considered the lower end of “normalized” monetary policy – neither accommodative nor restrictive. Surprisingly,... Read More ›

Single-Family Starts Weak, Especially in the West

The pace of single-family starts declined for the third consecutive month as housing affordability concerns continue to weigh on the home construction market.  Total starts posted a 3.2% increase due to gains for multifamily development. Total single-family and apartment construction starts are up 5.1% on a year-to-date basis, according to the joint data release from the Census Bureau and HUD.... Read More ›

Builder Confidence Drops Four Points Amid Concerns Over Housing Affordability

Builder confidence in the market for newly-built single-family homes fell four points to 56 in December on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) as concerns over housing affordability persist. Although this is the lowest HMI reading since May 2015, builder sentiment remains in positive territory. Builders report that consumer demand exists, but customers are hesitating... Read More ›

Uptick for Construction Job Openings in October

The count of unfilled jobs in the construction sector increased in October, although the total remained lower than the August estimate, which marked a post-recession high. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs expanded to 292,000 in October. The open position rate (job openings as a... Read More ›