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Jan 10, 2025 | 
eyeonhousing.org | Jesse Wade |Paul Emrath |Robert Dietz
The total volume of outstanding acquisition, development, and construction (AD&C) loans made by FDIC-insured institutions fell for the third consecutive quarter during the third quarter of 2024 to a volume of $490.7 billion, down from $495.8 billion in the second quarter. Interest rates remained higher over the third quarter, as the Fed issued its first rate cut at the end of the quarter in September.
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Dec 10, 2024 | 
eyeonhousing.org | Paul Emrath |Eric Lynch
In the third quarter of 2024, borrowers and lenders agreed, as they have over most of the past three years, that credit for residential Land Acquisition, Development & Construction (AD&C) tightened. On the borrower’s side, the net easing index from NAHB’s survey on AD&C Financing posted a reading of -12.0 (the negative number indicates credit was tighter than in the previous quarter).
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Nov 18, 2024 | 
eyeonhousing.org | Eric Lynch |Paul Emrath |Danushka Nanayakkara-Skillington
Lending standards were essentially unchanged for all residential mortgage categories in the third quarter of 2024, except for Subprime loans, according to the Federal Reserve Board’s October 2024 Senior Loan Officer Opinion Survey (SLOOS). Demand for most residential mortgage loans remained weaker across all categories in the quarter. Lending conditions for commercial real estate (CRE) loans were moderately tight, amid modestly weak demand as well.
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Oct 17, 2024 | 
eyeonhousing.org | Robert Dietz |Paul Emrath
With inflation gradually easing and builders anticipating mortgage rates will moderate in coming months, builder sentiment moved higher for a second consecutive month despite challenging affordability conditions. Builder confidence in the market for newly built single-family homes was 43 in October, up two points from a reading of 41 in September, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
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Oct 15, 2024 | 
eyeonhousing.org | Ashok Chaluvadi |Paul Emrath |Eric Lynch |Catherine S. L. Koh
In 2023, 64.8% of all new single-family homes started were built within a community or homeowner’s association. This share increased from the 62.6% recorded in 2022, according to data tabulated from the Census Bureau’s Survey of Construction (SOC). This marks the third highest share since the beginning of the series in 2009, after the high point of 67.1% in 2020 and 65.5% in 2021. Prior to 2021, the share had been on a decade-long upward trend.
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Oct 8, 2024 | 
eyeonhousing.org | Paul Emrath |Catherine S. L. Koh |Jesse Wade
While the share of new homes with patios continues to climb, the share with decks has hovered at a historic low of under 18%, according to NAHB tabulation of data from the HUD/Census Bureau Survey of Construction (SOC). Every year from the re-design of the SOC in 2005 through 2018, over 22% of single-family homes started featured decks. After that, however, the share dropped significantly, reaching a low of 17.5% in 2021.
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Oct 4, 2024 | 
eyeonhousing.org | Catherine S. L. Koh |Paul Emrath |Jesse Wade |Fan-Yu Kuo
In 2023, 66% of newly completed single-family homes featured two-car garages, according to NAHB’s analysis of the Census’s Survey of Construction data. This was the most common parking option across all Census divisions. By Census division, South Atlantic had the highest share of two-car garages at 72%.
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Sep 26, 2024 | 
eyeonhousing.org | Paul Emrath |Jesse Wade |Catherine S. L. Koh |Ashok Chaluvadi
Porches continue to rank as the most common outdoor feature on new homes, according to NAHB tabulation of the latest data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial funding from HUD). Of the roughly 950,000 single-family homes started in 2023, the SOC data show that 67.7% were built with porches.
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Sep 10, 2024 | 
eyeonhousing.org | Eric Lynch |Paul Emrath |Rose Quint
In the most recent NAHB research on home buyer preferences, What Home Buyers Really Want Study, consumers were asked to rate how 28 kitchen and 18 bathroom features would influence their home purchase decision, if at all, using the following four-point scale:Do not want – not likely to buy a home with this design or feature. Indifferent – wouldn’t influence decision. Desirable – would be seriously influenced to purchase a home because this design or feature was included.
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Sep 9, 2024 | 
eyeonhousing.org | Paul Emrath |Catherine S. L. Koh |Jing Fu
Although rent control policies do, in fact, produce lower rents in the controlled units as intended, these policies also have a number of unintended and undesirable consequences, according to a recently published review of the academic literature. Among the unintended consequences are a reduced supply of housing, higher rents in uncontrolled units, reduced quality in the controlled units, and reduced residential mobility.
