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First Quarter 2014: Housing Share of the Economy at 15.5%
Housing is an important source of economic growth. As of the first quarter of 2014, housing’s share of gross domestic product (GDP) was 15.5%, with home building yielding 3 percentage points of that...
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Construction Job Openings Decline in March
The number of open, unfilled construction sector jobs continued to decline as the unseasonably cold winter ended. According to the BLS Job Openings and Labor Turnover Survey (JOLTS), the number of open...
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Benefits of Hiring a Professional Remodeler
It is National Home Remodeling month and NAHB wants to emphasize the benefits of hiring a professional remodeler. There are two aspects to this: 1) hiring a contractor rather than attempting a project...
View ArticleEye on the Economy: Home Improvement Season
After a weak performance for the economy as a whole during the first quarter, spring is a time for improvements – for homes and the overall housing market. May is National Home Remodeling Month, and...
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Efficient Windows Top List of Green Products Used by Remodelers
Energy efficient windows emerged as the leading green product among remodelers responding to NAHB’s Remodeling Market Index (RMI) survey for the first quarter of 2014, as nearly 9 out of 10 remodelers...
View ArticleEye on the Economy: New Home Sales and Starts Post Gains in April
Housing data for April offered positive news as the traditional spring housing season began with the pace of home building and new home sales increasing for the month. The monthly rate of housing...
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Stock of AD&C Loans Up 12% Over Last Four Quarters
One factor holding back a stronger rebound in home construction has been the tight availability of acquisition, development and construction (AD&C) loans. However, recent data confirm that net...
View ArticleEye on the Economy: Slow Progress after a Tough Quarter
The overall economy slowed at the start of 2014, which took a toll on housing and economic activity. According to the Bureau of Economic of Analysis, real GDP contracted at a 1% seasonally adjusted...
View ArticleEye on the Economy: Builder Confidence and Home Sales on the Rise
Housing news turned positive this week as spring gave way to summer. Future data will confirm whether the recent turn in momentum reflects a return to the improving trend that was in place before the...
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Green Building Features
A focus on energy efficiency is the most important development and design strategy that is making new housing greener according to a recent industry survey. McGraw Hill Construction’s (MHC) data and...
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