Industry News and Updates
Construction spending ticks up, led by housingby HBA of North Georgia on 02/09/19
What happened: Economists surveyed by Econoday had forecast a 0.2% increase, but October figures were revised down. Outlays in November were 3.4% higher than a year ago, and for the first 11 months of 2018, were 4.5% higher than the same period in the prior year.
Big picture: Residential construction spending was up 3.4% during the month, and was 0.6% higher for the year. That’s good news for the supply-starved housing sector. In November, overall private-sector spending was 1.3% higher for the month, edging out a 0.9% decline in public-sector spending.
Americans are starting to feel better about buying homes — sort ofby HBA of North Georgia on 02/09/19
- The share of Americans who say it is a good time to buy a home increased 4 percentage points to 15 percent in January compared with December, according to a monthly survey from Fannie Mae.
- Home price gains have been shrinking since last summer and are now rising at the slowest pace in more than six years, according to CoreLogic.
- The share of Americans who say home prices will go up fell 1 percentage point to 30 percent.
NAHB Supports Trumps Supreme Court Nominationby HBA of North Georgia on 03/25/17
Builder Confidense at Highest in 12 Yearsby HBA of North Georgia on 03/23/17
President Trump Rolls Back the Waters of the US Ruleby HBA of North Georgia on 02/28/17
Another promise kept! President Trump kept a promise he made to home builders by signing an executive order to resend or revise the overreaching Water of the US rule. As, once again, the EPA had over stepped its authority by giving themselves the ability to regulate practically any standing or flowing water on private land.