Articles Tagged with ''NAHB''

Home builders group: New tariffs on Chinese goods are a tax on housing

New tariffs are slated to affect materials related to housing construction
New tariffs against China could add $1 billion in costs to goods involved with housing construction. According to CNBC’s Realty Check, the NAHB estimates that of the 6,000 goods under the umbrella of the latest round of tariffs, roughly 600 products, representing $10 billion in goods, are related to the construction of new apartments and homes.
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Construction spending increases 0.1% in July

July 2018 is 5.8% above July 2017
The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2018 was estimated at a seasonally adjusted annual rate of $1.32 billion, 0.1% above the revised June estimate of $1.31 billion.
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NIMBYism is depressing multifamily developers

“Not In My Backyard” is keeping some developers from building
Multifamily developers’ confidence in the health of the market fell over the last few months, thanks to a combination of factors, including the threat of rising construction costs due to tariffs and NIMBYism standing in the way of new multifamily developments getting off the ground.
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Housing starts ticked up in July

Single-family housing starts climbed to 862,000 in July
Housing starts slightly increased a bit in July, according to the latest report from the U.S. Census Bureau. PricewaterhouseCoopers Principal Scott Volling said that homebuilders are being affected by a slight increase in inventory.
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Housing stock age shows desperate need for new construction

Average age increases over past decade
Aging housing stock tells the tale of a construction industry that continues to fall behind in the number of new homes built each year. NAHB explained the aging trend is due primarily to the slight increases in residential construction over the past decade, and it’s giving rise to a new trend in the construction industry.
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Homebuilder confidence remains steady in July

Rising cost of materials haunt homebuilders
Builder confidence in the market for newly built single-family homes remained unchanged at 68 points in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Homebuilders are encouraged by the growing housing demand, but construction material costs still hinder optimism, according to NAHB Chief Economist Robert Dietz.
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CBC: Canadian lumber producers tell U.S. consumers 'You can take your tariffs back, eh!'

NAHB says U.S. tariffs on Canadian softwood add an average of $9,000 per house to U.S. home prices
According to an article from the Canadian Broadcasting Corporation, Canadian lumber companies are seeing record revenues despite heavy tariffs from the U.S. So, who’s getting the short end of the board foot? None other than U.S. consumers.
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Trump makes health care more affordable for small businesses

Housing industry applauds new rule
Tuesday, the Department of Labor announced a new rule that experts in the housing industry say will make health care more affordable for small businesses. The department announced a new rule that will change the definition of employer to include working owners for Association Health Plans.
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