Top Posts of 2022: Concrete Prices, Volatility Continue Torrid Pace as Lumber Normalizes

With the end of 2022 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In December, David Logan reported the most recent data on building material prices. These monthly building material updates were among the top viewed posts in 2022.   The prices of building materials decreased 0.3% in November (not… Read More ›

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Top Posts of 2022: Highest Paid Occupations in Construction in 2021

With the end of 2022 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In April, Natalia Siniavskaia reported on wage data for the construction sector.   According to the latest May 2021 Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of… Read More ›

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Top Posts of 2022: The Nation’s Stock of Second Homes

With the end of 2022 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In May, Na Zhao reported on concerning the size of the second home housing stock.   According to NAHB estimates, the total count of second homes was 7.15 million in 2020, accounting for 5.11% of the total… Read More ›

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Top Posts of 2022: Metro Area Populations Exhibit Minimal Growth From 2020

With the end of 2022 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In May, Litic Murali reported on population data in the post-covid environment.    The Census Bureau recently released its 2021 Metropolitan Statistical Area (MSA) annual population estimates. Between 2020 and 2021, 251 (65%) of the 384 MSAs within the… Read More ›

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November New Home Sales Up as Interest Rates Fall Back

While new home sales received a slight bounce in November from moderating mortgage rates, the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs, and challenging affordability conditions. Sales of newly built, single-family homes in November increased 5.8% to a 640,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of… Read More ›

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Multifamily Construction Continues to Expand Outside Metro Core Areas

The most recent Home Building Geography Index (HBGI) shows that multifamily home building has continued to experience strong growth since the start of the pandemic. Due to the low single-family housing inventory and elevated unaffordability of single-family housing caused by high house prices and higher mortgage rates, demand for multifamily housing has remained solid over the past year. Except for… Read More ›

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Nine Percent of New Homes Are Teardowns

In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous  structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs.  Another 18.5 percent were built on an infill lot in an older neighborhood.  The BPS places new homes… Read More ›

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Existing Home Sales Decline Further in November

As rapid rising mortgage rates continue to weaken housing demand, the volume of existing home sales has declined for ten consecutive months as of November, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. While mortgage rates have retreated in recent weeks due to recession concerns, they are likely to see another… Read More ›

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Congratulations to the 2022 Inductees to NAHB’s Best in American Living™ Hall of Fame  

Each year, a panel of NAHB designer and builder members meets to discuss the nominees for NAHB’s elite Best in American Living Hall of Fame and the contributions they have made as housing industry thought leaders and/or influencers in the residential design and construction field.  The class of 2022 marks the 9th group of inductees to receive this honor.  Following in the footsteps of recognized industry leaders, the newest inductees have demonstrated their talents through advocacy, innovation, creativity, and residential…

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