Articles Tagged with ''National Association of Homebuilders''

Housing starts decline in May, signaling a slowdown in production

Housing starts fall 0.9% in May
Housing starts reversed course in May, signaling a slowdown in production, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. Navy Federal Credit Union Economist Robert Frick said another weak housing report shows the housing industry is far from producing homes at a rate to satisfy demand.
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After months of setbacks, housing starts rise nearly 6%

Single-family construction up 6.2% from previous month
Housing starts rose nearly 6% in April, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. Senior Economist George Ratiu said from rising inventory to lower mortgage rates and higher consumer confidence, new housing construction mirrored improvements in the housing market.
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Slowing economy will dampen home remodeling considerably in the next year

Remodeling activity expected to fall well below historical average
Home remodeling activity is expected to cool down considerably in 2020 as the economy slows. Gains on home improvement and repair spending are projected to continue to decline through early next year, according to the latest from the Joint Center for Housing Studies of Harvard University, reaching a low the market hasn’t seen since 2013.
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Housing industry responds to Trump's calls for housing finance reform

Groups applaud president's official step toward instigating long-awaited change
On Wednesday, President Donald Trump signed a memorandum calling for an end of the conservatorship of Fannie Mae and Freddie Mac. The memorandum details programs and objectives that the government agencies are asked to analyze for reform, but it doesn't provide many other specifics. Absent concrete details for change, most groups in the housing space applauded the president's move as an necessary step toward instigating much-needed change.
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Housing market cools down as home building takes a dive

Single-family construction down 17% from previous month
Housing starts fell 8.7% in the month of February, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. The one bright spot seems to be an increase in multifamily permits, where the overwhelming majority of which will feed the rental market.
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Housing starts tumble in December

Fall 11.2% but post yearly gain
Housing starts for the month of December took a tumble, according to the latest report from the HUD and the Dept. of Commerce. Starts fell 11.2% in December to a seasonally adjusted annual rate of 1.08 million units, according to the report, which was delayed due to the more than month-long partial government shutdown.
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Hey homebuilders, you need to learn about this little-known reverse mortgage product

Here’s why the HECM for Purchase is crucial to tackling affordability problems for the 55+ market
The 55+ housing market is hot right now, with builders and developers reporting significant demand across the country. But while the sector's performance right now is solid, looming affordability concerns threaten to dampen its growth. For those who want to remain competitive in this environment, a little-known reverse mortgage product could be the answer.
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Labor shortages dent Lennar earnings

Hampers forecasts for rest of homebuilders
As one of the first to posts its third-quarter results, homebuilder Lennar’s tough quarter shed light on what will likely unfold for its rivals as well. The big item weighing on the builder’s earnings: Labor shortages.
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