Eye On Housing
Household Balance Sheets: 3Q19
The third quarter 2019 Financial Accounts of the United States, the Federal Reserve’s flow of funds data, show the aggregate values of households’ assets and liabilities in the nation. Households’ real estate assets totaled $29.2 trillion and liabilities totaled $10.5 trillion, making homeowners’ equity $18.7 trillion or 64% of total household real estate. The data show a continuation of the... Read More ›
Regional Data on Single-Family Permits in October
Over the first ten months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 727,301. On a year-over-year (YoY) basis, this is a 1.6% decline over the October 2018 level of 739,120. Year-to-date ending in October, single-family permits reported declines in three regions and a slight increase in the South. The Northeast reported the steepest decline... Read More ›
Softwood Lumber, Gypsum Products Prices Increase as Broader Price Index Declines in November
Prices paid for goods used in residential construction declined 0.4% in November (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. Building materials prices have declined an average of 0.1% per month over the last 12 months, and the price of goods used in residential construction has risen 1.3% in 2019.... Read More ›
Tracking Lifetime Homeownership Rates
A recent NAHB Special Study uses the National Longitudinal Survey of Youth (NYLS) to study lifetime homeownership rates and how long individuals sustain in homeownership. The study finds a lifetime homeownership rate of 90.5% among the 1979 NLSY cohort, meaning that most people become homeowners at some point in life (Figure 1). This finding is a reminder of the importance... Read More ›
Consumer Prices Rise in November
The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3% in November on a seasonally adjusted basis, following a 0.4% increase in October. Excluding the volatile food and energy components, the “core” CPI increased by 0.2% in November, the same increase as in October. In November, increases in the food and energy indexes contributed... Read More ›
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