The year 2016 was an eventful one for home building.
Industry Data & Research
Industry data and research for professional home builders and remodelers.
In many ways, the current housing market slowdown is similar to what happened between 1990 and 1992, although that one had a national economic recession to deepen it. We've avoided that this time — so far.
Margot Crabtree reports on the declining housing market, fluctuating Product Manufacturers Index and the potential economic fallout -- inflation.
A mix of rising interest rates and house prices typically favor the rental housing market. Read how things could be different this time around.
The latest data the U.S. Census Bureau and HUD released shows the inventory of completed but unsold new houses on the market reached 128,000 in March — the highest level ever recorded since 1973.
The home sales slump had to happen eventually. Nervous builders across the country are asking: How long will this slowdown last? How bad will it get? The answer depends on the characteristics of your local market.
This month, we feature two markets that have strong job growth and excellent affordability: Austin and Salt Lake. Both markets are experiencing job growth in almost every sector of the economy (see chart included) and both markets have experienced very little price appreciation this decade.
As the 2005 tax season wraps up, keep in mind next year's new tax credit for new homes qualifying as energy efficient. The Energy Policy Act of 2005 (EPACT), signed by President Bush in August 2005, outlines new Federal tax credits for consumers and businesses pursuing energy efficient usage. Home builders can claim EPACT tax credits up to $2,000 for the construction of a qualified new energy-efficient home.
Despite rising oil prices and a drop in consumer spending and income, indices closed in positive terrain for the month ending March 31, 2006. The Builders' Index added 12.32 points, or 0.98 percent, to end March at 1264.97.
Builders can obtain demographics and other economic data from various government and private sources. However, some builders have their own ideas for getting a better read of their marketplace. In addition to tracking real estate deals to uncover emerging trends, builders in some markets have shown the local Multiple Listing Service can be a powerful tool for demand analysis.