Concerns regarding the spread of COVID-19, combined with high unemployment and other factors, are reducing remodeling activity.
April 27, 2020
The National Association of Home Builders (NAHB) recently announced that it redesigned its Remodeling Market Index (RMI) in the first quarter of 2020 to ease respondent burden and improve its ability to interpret and track industry trends.
The decline in April was the largest single monthly change in the history of the index and marks the lowest builder confidence reading since June 2012.
April 16, 2020
Reflecting the growing effects of the COVID-19 pandemic, builder confidence in the market for newly built single-family homes plunged 42 points in April, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Building 1,000 average single-family homes creates 2,900 full-time jobs and generates $110.96 million in taxes and fees for all levels of government, according to NAHB’s “National Impact of Home Building and Remodeling” report.
April 8, 2020
A recent study from the National Association of Home Builders (NAHB) shows that housing stands poised to lead the economic rebound once social distancing and other virus mitigation efforts show success in containing the coronavirus pandemic.
The last three monthly National Association of Home Builders/Wells Fargo Housing Market Index readings mark the highest sentiment levels since December 2017.
March 2, 2020
Builder confidence in the market for newly built single-family homes edged one point lower to 74 in February, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
The American Coatings Show will run simultaneously with the American Coatings Conference this year, offering show and conference attendees more networking and business opportunities.
February 27, 2020
Coatings professionals are gearing up for the 2020 American Coatings Show and Conference (ACS/ACC), which will be held March 31-April 2 at the Indiana Convention Center in Indianapolis.
Single-family housing starts increased 11.2% in December, while the multi-family sector jumped 29.8%.
January 27, 2020
Total housing starts increased 16.9% in December 2019 to a seasonally adjusted annual rate of 1.61 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.
All three Housing Market Index components registered gains in December 2019.
December 27, 2019
Builder confidence in the market for newly built single-family homes increased five points to 76 in December, from an upwardly revised November reading, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).