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State & National Updates Archives for 2016-09

NAHB Weekly News Digest

Inside Washington


NAHB, Business Groups Sue to Block Overtime Rule

Set to take effect on Dec. 1, rule would double the overtime salary threshold.


GOP Senators and NAHB Urge Democrats to Act on WOTUS

New report highlights major flaws of EPA's overreaching water rule.


ESA Changes to Flood Insurance Program Will Harm Housing 

NAHB tells Congress how the new mandates will add costly regulations and restrict development.


New Housing Tax Credit Would Benefit the Middle Class

Builders commend Oregon senator for his proposal to spur more development of rental homes.

 

Economics

 

Builder Confidence Surges in September

As household incomes rise, more serious buyers are stepping forward.


Housing Production Hits a Mild Speed Bump

August was a blip in what has otherwise been a gradual, long-term recovery.


Green Building


Everything You Need to Know About the New Green Standard

Latest edition of the NGBS reflects notable advances in sustainable construction.


The New Math: Zero Energy Equals a Perfect 10

A few lessons from a long-time green builder on how to master this profitable energy equation.


Builder Confidence Matches a Post-Recession High

Builder Confidence Matches a Post-Recession High


Last month's surprising dip in housing starts came as inventory remained tight for both new and existing homes. The seasonally adjusted annual pace of single-family starts in August was down 6% from the previous month, although year-to-date totals for single-family construction are still up 9% from this time last year.
 
Home building is noticeably down in the South, largely due to flooding that affected many areas of the Gulf Coast. Nationwide, multifamily starts declined 5.4% from July to August. Multifamily development has generally been flat, as the rental apartment market finds a balance between supply and demand.
 
However, despite persistent shortages of lots and labor — July estimates of unfilled construction sector jobs reached 214,000 — home builder confidence is growing stronger. The NAHB/Wells Fargo Housing Market Index (HMI) for September climbed to a level of 65, matching a post-recession high and suggesting a weak August will be followed by growth in permits and starts.


Business Conditions


Builder Confidence Surges in September

Upward momentum expected to built into 2017. 

 

A High Point for Large, For-Rent Multifamily Buildings

Completions in 50-plus unit buildings have skyrocketed 284% since 2011. 


Building Materials Prices Continue to Climb

Though overall producer prices remain flat, lumber and gypsum rose sharply in August.


Sales and Contract Prices Per Square Foot in 2015

Prices for spec homes in the Pacific and New England regions far exceed the national average. 


Housing Trends


Home Equity Grows Even as Homeownership Declines

Household holdings of real estate in the second quarter totaled $22.29 trillion.


New Single-Family Homes Have More Bedrooms

Share of new homes with four or more bedrooms in 2015 increased to 47%.


Concentration of Large Builders in Metropolitan Markets

Major housing markets have become more concentrated since the trough of the housing crisis.


Economic Insights


Housing Starts Pause in August

Single-family and multifamily posted declines after several months of gains.


Consumer Price Index Posts Strong Gain in August

Rising costs of medical care largely contributed to the increase in core inflation.

 

Consumer Credit Outstanding: What's Driving Auto Loan Growth?

The soaring auto loan market is drawing the attention of financial regulators. 

 


Developers Push Back Against Burdensome Infrastructure Costs

Industry Insight

 

Developers Push Back Against Burdensome Infrastructure Costs

Government edicts must meet constitutional principles.

 

New State-by-State Data Available on Fire Sprinkler Mandates

Forty-four states have rejected such requirements. 

 

NAHB Seeks New Lumber Sources in Chile

CEO Jerry Howard holds productive talks with Chilean producers.


Remodeling


Gain a Competitive Edge at the 2016 Remodeling Show

Next month's event in Baltimore offers valuable networking and educational opportunities. 


Better Remodeling Sales Start Here

Sept. 14 webinar provides a blueprint to boost sales. 


Association & Council News


Making a Case for Systems Built Housing 

Former traditional home builder speaks to the advantages of systems built housing.


Professional Women in Building Week Kicks Off Today

Inaugural event highlights the role of women in home building.