NAHB Announcements

  • Despite Weekly Declines, Refinancing Year-over-year Gains Remain Strong

    For the week ending September 11, 2020, the Mortgage Banker’s Association’s (MBA) Weekly Application Survey indicated a decrease in its Market Composite Index, a measure of both purchasing and refinancing, of 2.5% from one week earlier on a seasonally adjusted basis. The Purchasing and Refinancing Indexes decreased by 0.5% and 3.7%, respectively. The survey’s tracked 30-year fixed-rate mortgage rate remained... Read More › The post Despite Weekly Declines, Refinancing Year-over-year Gains Remain Strong first appeared on Eye On Housing. […]

  • How Many Homes are Concrete-Framed?

    We know lumber prices are up more than 170% since mid-April as of mid-September. As housing has rebounded, the lack of lumber has materialized as a key weak spot for housing supply. With that in mind, what’s the market share of alternative framing methods? For better or worse, wood framing remains the dominant construction method for single-family homes in the... Read More › The post How Many Homes are Concrete-Framed? first appeared on Eye On Housing. […]

  • Weekly Initial Jobless Claims and Continuing Claims Decrease

    According to the Unemployment Insurance Weekly Claims Report released by the U.S. Department of Labor today, weekly initial jobless claims decreased during the week ending September 12, and continuing claims, which lag initial jobless claims by one week, decreased as well for the week ending September 5. The data indicate that labor market improves modestly, but the road to a... Read More › The post Weekly Initial Jobless Claims and Continuing Claims Decrease first appeared on Eye On Housing. […]

  • Single-Family Starts Expand in August

    Single-family starts showed continued growth in August but overall housing production fell 5.1 percent to a seasonally adjusted annual rate of 1.42 million units due to a double-digit percentage decline in multifamily production, according to data from the U.S. Housing and Urban Development and Commerce Departments. The pace of single-family starts in August was the highest production rate since February.... Read More › The post Single-Family Starts Expand in August first appeared on Eye On Housing. […]

  • Builder Confidence Soars to an All-Time High, Lumber Risks Remain

    In a strong signal that housing is leading the economic recovery, builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI). The previous highest reading of 78 in the 35-year history of the series was set last month and... Read More › The post Builder Confidence Soars to an All-Time High, Lumber Risks Remain first appeared on Eye On Housing. […]