Eye On Housing
California Leads Job Gains in June
Total nonfarm employment, seasonally adjusted (SA) increased by 2.3 million jobs, year-over-year (YoY), or 1.5% from June 2018 to June 2019. During this time, total nonfarm employment in the Western region increased by 2.0%. The South, Northeast, and Midwest recorded gains at 1.7%, 0.9% and 0.8% respectively, during this time. According to the Bureau of Labor Statistics, nonfarm payroll employment... Read More ›
Property Taxes by Congressional District
Earlier this year, NAHB released 2017 property taxes by state as a blog post and as a longer special study. However, in light of changes made to the tax code by the Tax Cuts and Jobs Act (TCJA), further refining the statistics by congressional district is instructive to both members of Congress as well as their constituents. Property Tax Payments,... Read More ›
Apartment Absorption Shows Weakness
In the fourth quarter of 2018, 56,950 apartment units were completed, an 18 percent decline from the fourth quarter of 2017 (69,640) (Figure 1). Apartment completions in the fourth quarter of 2018 were at their lowest point since the fourth quarter of 2013. These data come from the US Census Bureau, in collaboration with the US Department of Housing and... Read More ›
Remodeling Market Remains Solid in the Second Quarter
Remodelers’ confidence remained solid in the second quarter of 2019 with a Remodeling Market Index (RMI) reading of 55, up one point from the previous quarter, according to the National Association of Home Builders (NAHB) (Figure 1). Readings above 50 indicate that more remodelers report market activity as higher than as lower, compared to the previous quarter. The RMI is... Read More ›
Single-Family Starts Expand in June
According to estimates from the U.S. Housing and Urban Development and Commerce Department, single-family starts improved in June, consistent with the recent stabilization of the NAHB/Wells Fargo Housing Market Index (HMI). Single-family starts increased 3.5% to a 847,000 seasonally adjusted annual pace in June. However, total housing starts were down approximately 1% (1.253 million annual rate) due to a decline... Read More ›
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