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Data & Research


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Guest Column: External Forces

NAHB's chief economist on what lies ahead for the custom home market?




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Data & Research

Housing affordability hits highest level in years

For the seventh straight quarter, housing affordability hovered around its highest level in decades, HousingPredictor.com reported. In the third quarter, 71.1 percent of all homes sold were affordable for families earning the median income of $64,400. The record high was set in the first quarter of 2009, when it hit 72.5 percent.

Financial

Homes Lost To Foreclosure Jump 25 Percent in August To Recession Record

August is one for the books, as mortgage lenders repossessed more homes in August than in any month since the start of the housing crisis. According to foreclosure listing firm RealtyTrac Inc., the rise occurred as the number of properties entering the foreclosure process slowed for the seventh consecutive month. Banks repossessed 95,364 properties in August, up 3 percent from July and an increase of 25 percent from August 2009.

Financial

70 Percent of Americans Surveyed Tell Fannie Mae It's a Good Time To Buy a Home

Almost three quarters of Americans give home buying the thumbs up, from 64 percent in a Fannie Mae survey conducted in January.

Financial

Major Bank Analysts Bearish on Housing Recovery

Analysts have lowered estimates for a recovery in the housing market between next year and 2014.

Data & Research

Worst 25 Markets for Housing Deflation in 2010

Manhattan, Las Vegas and Providence, R.I., are among 25 markets that are forecasted to experience steep deflation in housing prices in 2010, according to a new report from the Housing Predictor that forecasts 250 local housing markets in all 50 states. Characteristics studied include income levels, employment trends and changes, school enrollment, business trends, regional political influences, real estate sales history and current housing market velocity.  

Leadership

The Art of Benchmarking

With no financial benchmarks, small volume builders often repeat the same mistakes. Here are tips for targeting a bigger profit, without selling out.

Financial

Detail Work

History credits the famous architect Le Corbusier with the phrase "God is in the details." He was offering a more positive affirmation of the old proverb, "The devil is in the details." While I generally have a positive attitude, I believe custom builders are going to find this year that the devil really is in the details.

Leadership

2005 Forecast Sunny, Not Record-breaking

Predicting the Future is tricky business. Last year, housing experts uniformly predicted that home building would come off its hot streak, but record results proved them wrong. Now they agree that decline will come this year. According to the NAHB, 2005 will show a modest decline in total housing starts from 1.

Leadership

Lingering Myths about Generation X

Generation X attracts more speculation, controversy and debate than one would care to master. The conversation began in 1991 with Douglas Coupland's book, Generation X: Tales for an Accelerated Culture, which profiles a group of "underemployed, overeducated, intensely private and unpredictable" twenty-somethings who have "nowhere to direct their anger, no one to assuage their fears and no cultu...

Leadership

A House Without Right Angles

Architect Matt Schlueb, principal of Schlueb Architecture, recently designed his own home in Pittsburgh, Pa., with virtually no right angles. Villa Vuoto features 2,600 square feet of living space, three levels, and simple and compounded curves, sloping walls and circular rooms. Designed to provide a stimulating environment for the architect's young son, the project was a prototype for explorin...

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