Record High Number of House Sharing Households Reported
The Rise of House-Sharing: A Growing Trend Among All Age Groups According to recent research from the NAHB’s Eye on Housing, a record-high 6.8 million households shared their housing with unrelated housemates, roommates or boarders in 2023. Interestingly, they point out that the number of households sharing housing with nonrelatives had been rising steadily since […]
State-by-State House Price Appreciation
NAHB’s Eye on Housing Report Shows Modest House Price Growth in Q3, 2024 A new report from the NAHB’s Eye on Housing reveals that house prices have shown modest annual growth in Q3, 2024. However, this growth has slowed in the past two quarters, attributed to elevated mortgage rates dissuading potential home buyers despite increased […]
Investment in student housing construction is expected to increase in the third quarter of 2024.
NAHB Eye on Housing Report: Student Housing Construction Investment on the Rise A recent report from the NAHB’s Eye on Housing reveals that private fixed investment in student dormitories increased by 2.2% to a seasonally adjusted annual rate (SAAR) of $3.9 billion in Q3 of 2024. The report highlights the rebound in private fixed investment […]
The housing sector continues to account for more than 16% of the GDP.
The Impact of Housing on the Economy We recently posted about the nation’s GDP was up 2.8% in Q2, 2024. The NAHB’s Eye on Housing took a deeper dive into the numbers to reveal that housing’s share of the economy stayed level at 16.1% in the Q2, 2024 and remained above 16% after staying constant […]
Housing’s Contribution to GDP Exceeds 16% for the First Time Since 2022
According to the NAHB’s Eye on Housing, the housing sector’s contribution to the economy reached 16.1% in the first quarter of 2024, exceeding 16% for the first time since 2022. This increase in housing’s share of GDP is attributed to residential fixed investment (RFI) and housing services. RFI includes home building, multifamily development, and remodeling, […]
The proportion of new home sales completed in cash increased significantly in the third quarter of 2023
According to recent analysis conducted by NAHB’s Eye on Housing, the proportion of all-cash sales in the new home market significantly increased in the third quarter of 2023, while the share of VA-backed sales declined by almost half. The report also highlights that although cash sales only make up a small portion of new home […]
Builder confidence is undermined by high mortgage rates.
High mortgage rates are a contributing factor to the weakening of builder confidence. The NAHB has reported that builder confidence in the market for newly built single-family homes has dropped below the key break-even measure of 50 for the first time in five months due to persistently high mortgage rates. According to the National Association […]
New Single-Family Home Size Reach Decade Low
[ad_1] rewrite the content without plagiarism for 1500 words Recent analysis from the NAHB’s Eye on Housing shows that for new single family homes, the median single-family square floor area declined to 2,191 square feet, the lowest reading since the end of 2010. In addition, the average (mean) square footage for new single-family homes fell […]
Nationwide Property Tax Revenues See Largest Increase Since 2009
[ad_1] According to recent analysis from the NAHB’s Eye on Housing, state and local tax data from the U.S. Census show that $286 billion in taxes were paid by property owners in Q4 of 2022. In fact, state and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021. The […]
Single-Family Market Share Continues to Shift Away from Large Metros
[ad_1] The National Association of Home Builders says single-family market share continues to shift away from large metro areas. Citing data from their recent Q4 Home Building Geography Index (HBGI), they say the largest growth in single-family market share came in rural markets (micro counties and non-metro micro counties), rising from 9.4% in Q4 2019 […]