The year 2016 was an eventful one for home building.
Nineteen-ninety-nine’s top two areas in terms of sheer volume of new residential construction -- Atlanta and Phoenix - got off to dramatically different starts during the first month of the new year.
The total number of residential permits issued nationwide during the first month of this year was a slight 0.5% lower than in January 1999.
January 2000 total housing starts were at a seasonally-adjusted annualized level of 1.775 million units, the best monthly level recorded since January 1999.
The Conference Board’s composite Consumer Confidence Index (CCI) climbed to a record-high during the first month of the new year.
The Labor Department’s construction materials composite price index rose by 0.2% between November and December of last year.
Preliminary numbers for the full year of 1999 show a pattern of the single-family sector doing much better than the multifamily residential construction market.
The Labor Department's construction materials composite price index fell by 0.8% between August and September, the second straight month of decline following three consecutive months of increase.
panelized construction of homes is poised to become a more important part of the prefabricated housing segment over the next few years, a new forecast says.
If recent new-home sales figures indicate a slight economic downturn, that may be good news for the industry in terms of bringing material supply closer to demand, says NAHB chief economist David Seiders.
Four of last year's Top 15 areas--ranked in terns of the number of residential permits issued for all of 1998--have let fewer permits through the first eight months of this year than over the first two-thirds of last year.