Industry Data & Research
Industry Data & Research
Industry data and research for professional home builders and remodelers.
Harvard Says Remodeling Spending Downturn to Slow
Could the drop in remodeling spending from post-COVID levels regulate soon?
Industry Data & Research
The Latest Data on Construction's Workforce
To close the housing deficit in the United States, the industry needs more skilled workers. Here's where construction's workforce stands
News
The Remodeling Market Could Turn in Q4, Says Harvard
Repair and remodeling spending could see an uptick at the end of the year
NAHB
Building Materials Show Stability in 2023
Although supply chain bottlenecks have eased in recent months, shortages of some key materials persist.
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U.S. home prices rise in October
Homes prices across the U.S. rose between September and October, although prices remain lower than in October 2009.
Rising mortgage rates cause surge in first-time buyers
Rising mortgage interest rates have reignited first-time home buyers’ interest in purchasing a home over the last several months, UPI reported. The rates for 30-year fixed-rate mortgages began to rise from record lows this fall, increasing from 4.17 percent to 4.83 percent between November and December.
Americans maintain positive attitude about homeownership
Despite the recent housing crisis, most Americans still desire to own a home, but their attitudes may not line up with financial realities, CNN reported. A survey by Fannie Mae found that more 51 percent of people polled said the housing crisis did not change their desires to buy a home. Twenty-seven percent said that they were even more likely to buy because of the crisis.
Construction material prices rise nearly five percent since last year
Construction material prices have risen in the last year, while finished-building price indexes remained flat, adding additional financial stress to builders and contractors already facing the effects of high unemployment. An analysis by the Associated General Contractors of America reported that material prices rose 0.5 percent in November and 4.8 percent in the last year. The producer price indexes rose 0.4 percent in November, and 3.5 percent in the last year.
NAHB survey: Builder confidence remains flat
Builder confidence in new single-family homes remained flat in December, according to the National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index. The index remained at 16, the same as in November.
Negative equity drops for third straight quarter
The number of residential properties with mortgages in negative equity in the U.S. dropped in the third quarter of 2010, marking the third quarter in a row the rate has decreased. CoreLogic reported that 10.8 million, or 22.5 percent, of residential properties were in negative equity at the end of the third quarter.
Increase in foreclosures expected in 2011
Foreclosures are expected to peak in 2011, but the long-term forecast is improving, according to a report by the Wall Street Journal. According to Rick Sharga of RealtyTrac, an online marketplace for foreclosed properties, the number of foreclosures in 2011 will top both 2009 and 2010, which had 900,000 and 1.2 million bank repossessions, respectively.
IHS Global forecasts flat construction spending next year
IHS Global, a firm specializing in economic and financial information, predicts that construction spending in 2011 will be flat, according to its Fourth Quarter U.S. Construction Briefing. Although overall spending fell 8.3 percent in 2010, the report predicts that gains in the residential and commercial sectors will help it level.
2011 Remodeling Forecast: Three Reasons for Long-Term Optimism
Beyond the next few years, there are several reasons to be optimistic about the long-term outlook for the remodeling market, with demographics and an…
2011 Forecast: Remodeling market poised for growth
While challenges persist, remodelers are more optimistic about the 2011 remodeling market than they’ve been since the housing boom.