Fed Pivots and Housing Starts Surge

Fed Pivots and Housing Starts Surge

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...
Housing’s Contribution to Gross Domestic Product

Housing’s Contribution to Gross Domestic Product

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...
When Will Home Prices Drop? Here’s What 6 Economists Say.

When Will Home Prices Drop? Here’s What 6 Economists Say.

Winter is generally a slow season for the real-estate sector, but will it stay frozen or thaw out—and more importantly, will home prices keep rising, or fall? Home prices and mortgage rates show few signs of falling at the end of October, as low inventory spurs...
5 Things You Didn’t Know a VA Loan Could Do for You

5 Things You Didn’t Know a VA Loan Could Do for You

Thanks to the bravery and sacrifices of our veterans and active military, the rest of our country’s civilians can live the American dream in safety. So how fitting is it that one tangible way our country says “thank you for your service” to current and former members...
Putting a New Effort into Expanding the Housing Supply

Putting a New Effort into Expanding the Housing Supply

The past decade has seen increasingly tight housing markets due to strong demand and limited supply. Since the Great Recession, the U.S. has not built enough housing to keep pace with demand created by job and population growth, leading to historically low vacancy...
Foreclosures Tick Up, Especially in These Cities

Foreclosures Tick Up, Especially in These Cities

More homes are in danger of going into foreclosure—especially in certain cities that have had challenges ever since the last housing crisis in the late 2000s. There were nearly 34,000 properties with foreclosure filings in August, according to a recent report from...