Eye On Housing - A Blog from NAHB

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National Association of Home Builders Discusses Economics and Housing Policy
Updated: 52 min 24 sec ago

Home Equity Used to Start Seven Percent of U.S. Businesses

Wed, 08/09/2017 - 08:30
Equity in a home was used as a source of capital to start 284,618 businesses—7.3% of all businesses in the U.S.—according to a new source of data released recently by the U.S. Census Bureau. The new data source is the Annual Survey of Entrepreneurs, (ASE), which collects economic and demographic information on businesses and business ownership in all major U.S.... Read More ›

Number of Open Construction Jobs Climbs in June

Tue, 08/08/2017 - 10:20
The count of unfilled jobs in the construction sector increasing significantly in June, after falling in May. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) increased to 225,000 in June. The cycle high was 238,000, set in July of last year. The June count is the highest since... Read More ›

LMI Indicates Continued Improvement Across the Country

Mon, 08/07/2017 - 10:00
According to the NAHB/First American Leading Markets Index (LMI), 89 percent, 299 metropolitan statistical areas, recorded growth in their LMI Score over the second quarter of 2017. The index uses single-family housing permits, employment, and home prices to measure proximity to a normal economic and housing market. The index is calculated for 337 local markets, metropolitan statistical areas (MSAs), as... Read More ›

Solid Job Gains in July

Fri, 08/04/2017 - 12:18
At the start of the third quarter, employment gains and the unemployment rate ticked down. According to the Employment Situation for July 2017 reported by the BLS, total nonfarm payroll employment increased by 209,000 in July, after an upwardly revised 231,000 gains in June. Employment growth averaged 184,000 so far this year, close to the average monthly growth in 2016.... Read More ›

Top Ten Sources of Softwood Lumber Imports

Thu, 08/03/2017 - 15:10
The softwood lumber trade dispute between the U.S. and Canada has sent prices significantly higher in the first seven months of 2017.  The Random Lengths Composite Price—a weighted-average measure consisting of multiple species and dimensions of softwood lumber products—increased 14% over just three weeks in February.  Certain framing lumber—such as spruce-pine-fir (S-P-F) studs—remains 40% more expensive than it was seven... Read More ›

Senior Loan Officer Survey As A Barometer of the Economy

Thu, 08/03/2017 - 12:30
Lending standards on business loans to large and medium-sized firms eased on net over the second quarter of 2017 according to the Federal Reserve Board’s Senior Loan Officer Opinion Survey. Historical evidence has shown that lending standards on business loans to these establishments is correlated with both the growth in the stock of business loans held by banks and with... Read More ›

Builder Confidence in the 55+ Housing Market Strengthens in Second Quarter

Thu, 08/03/2017 - 10:05
The National Association of Home Builders’ (NAHB) single-family 55+ housing market index (55+ HMI) posted a reading of 66 in the second quarter of 2017, up 11 points from the previous quarter. This is the 13th consecutive quarter with a reading above 50, which means that more builders view conditions as good than poor (Figure 1).   There are two... Read More ›

June Personal Income and Consumption Expenditures Nearly Flat

Wed, 08/02/2017 - 10:00
According to the most recent data release from the Bureau of Economic Analysis (BEA), personal income remained virtually unchanged (-0.02%) since the last month. This is the first time that personal income failed to rise after a steady growth for 6 consecutive months. The BEA reported that the decrease in personal income in June primarily reflected decreases in personal dividend... Read More ›