NAHB Announcements

  • NAHB 2020 “Priced Out” Estimates

    NAHB recently released its 2020 priced out estimates. The new estimates show that, if the median new home price goes up by $1,000, 158,857 households would be priced out of the housing market nationwide. In other words, based on their incomes, 158,857 households would be able to qualify for a mortgage to purchase the home before the price increase, but... Read More &rsaquo […]

  • Remodelers’ Confidence Increases in Fourth Quarter of 2019

    The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 58 in the fourth quarter of 2019, up three points from the previous quarter (Figure 1). The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared to the prior quarter than report it is lower—since the second quarter of... Read More &rsaquo […]

  • Existing Home Sales End Year with Solid Gain

    After a slight decline last month, existing home sales, released by the National Association of Realtors (NAR), surged to near two-year high in December. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, rose 3.6% to a seasonally adjusted annual rate of 5.54 million in December, the highest level since February 2018. On a year-over-year basis, sales were 10.8%... Read More &rsaquo […]

  • Age-Restricted Homes Slightly Smaller, Pricier than Others Started in 2018

    Of the roughly 875,000 single-family and 375,0000 multifamily homes started in 2018, 29,000 and 31,000, respectively, were age-restricted according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD).  A housing development can legally restrict the ages of its residents, provided it conforms to one of the set... Read More &rsaquo […]

  • Custom Home Building Annual Share

    According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share declined to 19.5 percent of all single-family homes started in 2018—lowest since mid-2000. Contractor-built or owner-built houses – that together make up the custom home market – are built one at a time for owner occupancy on owner’s land with either the owner or a... Read More &rsaquo […]