In a strong signal that the housing market is ready to lead a post-COVID economic recovery, builder confidence in the market for newly-built single-family homes jumped 14 points to 72 in July.
The National Association of Home Builders and the National Association of Realtors launched a new joint initiative, Home Performance Counts, designed to help consumers better understand the rapidly growing high-performance home marketplace - homes that prioritize comfort, durability, wellness and affordability.
As we continue to adapt in the wake of coronavirus and the economic slowdown, multifamily flooring manufacturers have had to adjust quickly to the changes in their sector.
In an effort to meet the growing demand for local market data and analysis in the home building industry, the National Association of Home Builders and Hanley Wood/Meyers Research announced the future rollout of a new home building data platform available to NAHB's 140,000 members and powered by Zonda.
In a further sign that the housing market is rebounding from the COVID-19 pandemic, sales of newly built, single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May from a downwardly revised reading in April.
Existing-home sales fell in May, marking a three-month decline in sales as a result of the coronavirus outbreak, according to the National Association of Realtors.
In a sign that the housing market continues to show forward momentum, single-family permits posted an 11.9 percent gain in May, while total housing starts increased 4.3 percent to a seasonally adjusted annual rate of 974,000 units.
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.
The comprehensive guide, that features both English and Spanish translations, describes how those in the residential construction industry can comply with OSHA regulations while focusing on the most common hazards found on jobsites.
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.
