Items Tagged with 'National Association of Home Builders/Wells Fargo Housing Market Index'

ARTICLES

  • U.S. employment reverses course in March, rises by 196,000 jobs

    Construction jobs moderately increase by only 16,000 jobs
    The U.S. economy added 196,000 jobs in March, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. MBA Vice President of Economic and Industry Forecasting Joel Kan said although unemployment is still well below historical averages, growth in hourly earnings is good news for the housing market, as wage growth continues to more closely align with home-price gains.
    Read More
  • Report: New home sales plummeted at end of 2018

    Northeast region experienced most significant decline
    In the last two months of 2018, new home sales in all four major regions fell, according to the latest data from Redfin. Redfin reports the most dramatic decline was seen in the Northeast region, where sales of new homes fell by 16.1% in December alone.
    Read More
  • Redfin: Middle class buyers are being priced out of housing market

    Share of affordable homes fell in 49 metros from 2017 to 2018
    Although housing inventory is increasing, affordability for the typical middle class household is retreating, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said over the last few years builders have focused on luxury homes and there hasn’t been enough construction of affordable starter homes.
    Read More
  • Construction spending falls for third consecutive month

    Rising interest rates and home prices hinder growth
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2018 was estimated at a seasonally adjusted annual rate of $1.309 trillion, falling 0.1% from the revised September estimate of $1.31 trillion.
    Read More
  • Construction spending holds ground

    September sees 7.2% year-over-year gain
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2018 was estimated at a seasonally adjusted annual rate of $1.330 trillion. Notably, the August figure is 7.2% above the September 2017 estimate of $1.24 trillion.
    Read More