COVID-19 has changed the way many door and window companies operate, leaving some to follow housing trends associated with the pandemic. Meanwhile, research indicates that COVID-19 is likely to hasten housing trends already underway in residential construction—including a rapid expansion of low-density markets, such as smaller cities and rural areas, making them key areas for […]

In a sign that the housing market continues to show forward momentum, single-family permits posted an 11.9% gain in May, while total housing starts increased 4.3% to a seasonally adjusted annual rate of 974,000 units, according to a report from the U.S. Housing and Urban Development and Commerce Department. The May reading of 974,000 starts […]

In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which was released today. Any reading above 50 indicates a positive […]

The latest quarterly National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) shows: the COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation–residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas. Multifamily development is […]

In a sign that the housing market is stabilizing in the wake of COVID-19, sales of newly built, single-family homes rose 0.6% to a seasonally adjusted annual rate of 623,000 units in April, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The April rate […]

The total housing starts decreased by 30.2% in April to a seasonally adjusted annual rate of 891,000 units, according to a report from the U.S. Housing and Urban Development and Commerce Department. The April reading of 891,000 starts is the number of housing units builders would begin if they kept this pace for the next […]

COVID-19 pandemic-related surging job losses in March contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released yesterday. The NAHB reports that in all, 61.3 percent of homes—both new and existing—sold between January […]

On the heels of the news that the U.S. Senate approved additional funding for small businesses, Dean Mon, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Shrewsbury, N.J., issued a statement of approval of the action. “The additional $380 billion in new small-business funding approved by the […]

The U.S. Housing and Urban Development and Commerce Department recently released a report that states total housing has decreased by 22.3% in March. This resulted from a downwardly revised February reading to a seasonally adjusted annual rate of 1.22 million units, according to a report. Meanwhile, overall permits declined 6.8% to 1.35 million. The March […]

Builder confidence in the market for newly-built single-family homes plunged 42 points in April, the largest single monthly change in the history of the index and marks the lowest builder confidence reading since June 2012, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. The drop, which puts […]