The 2020 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.8 months, which usually includes a little over a month from authorization to start and another 6.8 months to finish the construction. Moreover, tt took around 10 days less in 2020 than in 2019, pausing the upward trend… Read More ›
The Centers for Disease Control and Prevention (CDC) today extended its eviction moratorium order until July 31, 2021, and indicated in a press release that “this is intended to be the final extension of the moratorium.” Due to a previous court ruling in which NAHB took part, this order should not apply to NAHB members who were members of the association as of Oct. 23, 2020 when the case was filed.
Nonfarm payroll employment increased in 33 states and the District of Columbia in May compared to the previous month while 16 states lost jobs. North Dakota remained unchanged. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 559,000 in May, following an upwardly revised increase of 278,000 jobs in April. On a month-over-month basis, employment… Read More ›
Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows that the share of two-story homes continued to decrease and the share of two or more stories homes started was equal to one story homes in 2020. The Mountain division was the only region for which the number of stories changed in 2020, though… Read More ›
After notable and expected downward revisions for prior months, May recorded a decline of 5.9% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. The May seasonally adjusted annual rate (769k) was the lowest in a year, due to builders slowing sales as a consequence of higher material costs and declining availability of… Read More ›
