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Average square footage for new single-family homes declined to 2,465 square feet, according to an NAHB analysis of Q2 2019 Census and HUD data.
New Single-Family Home Size Continues Trending Lower
New single-family home size decreased during the second quarter of 2019 as interest rates declined. According to second quarter 2019 data from the Cen...
ow.ly
The overall construction industry recorded a net gain of 4,000 jobs in July. On a year-over-year basis, construction jobs are up 2.8%, or by 202,000 jobs, with fairly wide regional variance. https://t.co/XzeoZMaI8C #CareersinConstruction
Mortgage rates have been falling sharply, which should be a major positive for the housing market, but so far reaction has been muted in both home sales and new home construction as consumer confidence wanes with talk of recession. #realestate
Confidence matters more than mortgage rates in housing, and confidence just took a hit
Mortgage rates have been falling sharply over the last three months, which should be incredibly positive for the housing market, but so far reaction h...
www.cnbc.com
Here's the NAHB Monday Morning Briefing for Aug. 19, 2019, all the housing headlines you need in less than 60 seconds. Read the top NAHB news at https://t.co/Izy5nTYGsq
There were 11,000 single-family homes built-for-rent in Q2 2019, down from the 13,000 estimated in Q2 2018. Over the last four quarters, 42,000 such homes began construction, which is equal to the prior four quarter starts total. #realestate
Flat Conditions for Single-Family Built-for-Rent Construction
The number of single-family homes built-for-rent has held steady over the last year amidst declines for other forms of home construction. According to...
ow.ly
The 30-year fixed-rate #mortgage averaged 3.6% during the week ending Aug. 15, unchanged from the previous week, Freddie Mac reported. The last time mortgage rates were lower was in early November 2016. #realestate
Mortgage rates rest near historic lows as the specter of a recession roils markets
Mortgage demand has reached a three-year high as low rates have revived interest in refinancing.
www.marketwatch.com
The United States-Mexico-Canada-Agreement (#USMCA) holds the potential to boost the housing economy and reduce price volatility for building materials. NAHB is urging Congress to ratify the treaty ASAP. #trade
Help Lift Housing By Bringing Material Costs Down
The United States-Mexico-Canada-Agreement (USMCA) holds the potential to boost the housing economy and reduce price volatility for building materials....
ow.ly
More on housing starts and permits data from NAHB Chief Economist Robert Dietz.
Single-family permits, a leading indicator, have been improving since April but remain 5% lower on a YTD basis. Lower mortgage rates and improved inventory outlook suggest modest gains ahead.
Total housing starts down 4% in July, but single family starts up 1% to annual rate of 876,000. #homebuilding #realestate
By many measures, the economy is outshining the depressed picture the bond market has been painting of growth, and a big reason is the resilient American consumer.
Growth forecasts are rising and economy looks nowhere near as bad as bond market predicts
Economists ratcheted up their GDP forecasts for the third quarter to a median 2.1% on Thursday.
www.cnbc.com
NAHB CEO Jerry Howard was on @Varneyco on @FoxBusiness today to discuss the state of the housing market, including today's release of the Housing Market Index and the implications of recent turbulence in the broader economy and stock market.
#realestate
Housing market sound despite dismal economic predictions?
Jerry Howard CEO of NAHB discusses a steady housing market, despite recession predictions.
video.foxbusiness.com
