"While positive developments on the demand side will support solid growth in the single-family housing sector in 2017, builders in many markets continue to face supply-side constraints led by the three ‘Ls’ – lots, labor and lending," said NAHB Chief Economist Robert Dietz.
Builders and developers responding to NAHB’s AD&C Financing Survey continue to report easing credit conditions for land acquisition, development, and single-family construction loans. In the first quarter of 2018, the overall net tightening index constructed from the NAHB survey was -11.7,
Residential Construction Loans Grow As Equity Climbs and Housing Appreciation Slows While home equity is still climbing, led by the Western region, appreciation is slowing down according to the CoreLogic Home Equity Report released This Week in Real Estate.
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Q3 GDP Declines According to the "advance" estimate by the. the third quarter growth estimate slowed from the second quarter owing to negative contributions from exports, non-residential and.
Record-Setting Pace of Price Increases Continues By David Logan on December 12, 2017 Prices paid for inputs to residential construction (+0.7%), softwood lumber (+2.3%), gypsum products (0.4%), and OSB (+15.3%) all increased in November, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics.
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Other parts of today’s residential construction report are pointing north while multifamily starts point south. Nationwide, single-family housing starts in September increased by 8.1 percent to a 783,000 unit annual rate. Permits for new residential construction also tell a different story than the multifamily starts numbers.
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As of mid-September, multifamily comprised 3.5% of outstanding bank loans, its highest share since 1992, according to American Banker magazine. About 90% of recent multifamily construction has been.
Construction Jobs Continue to Climb Filed in Construction Industry , Economics by NAHB Now on October 25, 2018 0 Comments The U.S has added 315,000 construction sector jobs over the past 12 months, a 4.5% increase compared to September 2017.
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And there is plenty of bank news, not all of it helping the job market. Research by S&P Global Market Intelligence finds US banks and thrifts closed a net 732 branches in Q3 vs. Lenders and.
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· Housing Will Continue Gradual Climb to Higher Ground in 2017. development and construction loans for builders-while on the rise-needs.