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New Home Sales Up 3.5% in August Even as Affordability Concerns Persist

Posted by on Sep 26, 2018 in News

New Home Sales Up 3.5% in August Even as Affordability Concerns Persist Filed in Economics, Home Building by NAHB Now on September 26, 2018 • 0 Comments Sales of newly built, single-family homes rose 3.5% in August to a seasonally adjusted annual rate of 629,000 units after downwardly revised June and July reports, according to newly released data from HUD and the Census Bureau. These downward revisions suggest softness in new-home sales activity this summer. However, on a...

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Chinese Tariffs Act as a $1 Billion Tax Hike on Housing, Could Jump to $2.5 Billion

Posted by on Sep 20, 2018 in News

Filed in Economics, Trade by NAHB Now on September 18, 2018 • 2 Comments President Trump’s decision yesterday to escalate the trade conflict with China could wind up imposing a $2.5 billion tax increase on residential construction at time when builders are already grappling with higher housing costs. Trump announced he is moving immediately to impose 10% tariffs on an additional $200 billion worth of Chinese imports, including $10 billion of goods used by the home building...

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Housing Starts Rise in August Amid Ongoing Affordability Concerns

Posted by on Sep 20, 2018 in News

Filed in Economics, Home Building, Multifamily by NAHB Now on September 19, 2018 • 0 Comments Total housing starts increased 9.2% in August to a seasonally adjusted annual rate of 1.28 million units, according to newly released data from HUD and the Commerce Department. The August reading of 1.28 million is the number of housing units builders would start if they maintained this pace for the next 12 months. Within this overall number, single-family starts increased 1.9% to...

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Shortage of Rough Carpenters Climbs to Record High

Posted by on Sep 17, 2018 in News

Shortage of Rough Carpenters Climbs to Record High Filed in Economics, Labor, Safety and Health by NAHB Now on September 17, 2018 • 0 Comments Three-fourths of the total cost of building a typical home goes to subcontractors. So as they get harder to find, it’s getting especially hard for projects to stay on schedule and on budget. Single-family builders who responded to a recent NAHB survey listed which workers they are struggling the most to find. Topping the list:...

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