by JHOAdmin | Mar 19, 2024 | News
February 2024 New Residential Construction What happened New residential construction activity surged 10.7% month over month in February, reaching a rate of 1,518,000 annual housing starts (+5.9% year over year). Builder sentiment picked up for the fourth month in a...
by JHOAdmin | Feb 1, 2024 | News
The numbers: U.S. pending home sales shot up in December as falling mortgage rates brought buyers back into the market. Pending home sales rose 8.3% in December from the previous month, according to the monthly index released Friday by the National Association of...
by JHOAdmin | Feb 1, 2024 | News
Is the housing market bouncing back in 2024—or just bouncing back and forth? There have been some signs of housing inventory recovering, with the number of homes actively for sale growing by 7.9% year over year in January, according to a recent Realtor.com®...
by JHOAdmin | Jan 18, 2024 | News
When looking back at the housing market this past year, there were three main storylines that largely defined buying a home – mortgage rates, home prices, and the number of homes for sale, also known as inventory. From a homebuyer’s perspective, all of those...
by JHOAdmin | Dec 27, 2023 | News
NAHB Chief Economist Robert Dietz recently provided the following economic overview in his bi-weekly newsletter Eye on the Economy. Interest rates have pulled back in recent weeks, as markets correctly anticipated a dovish Federal Reserve announcement in December. In...
by JHOAdmin | Dec 27, 2023 | News
Housing’s combined contribution to GDP generally averages 15-18%, and occurs in two basic ways: Residential investment (averaging roughly 3-5% of GDP), which includes construction of new single-family and multifamily structures, residential remodeling, production of...
