Where to Be Next
An uneven geographical recovery means some markets may be nearing cyclical peaks, while others have months and months of headroom.
Read more at BUILDER
Jump in 1st-Time Buyers Seen for 2017
The 2017 home buying season will be characterized by a large increase in first time home buyers, increasing affordability issues among buyers, and high demand for suburban homes, according to realtor.com®’s Active Home Shopper Report released Wednesday.
Read more at BUILDER
September Housing Starts Decline on Multifamily Weakness
The September pace of total housing starts decreased 9% due a substantial decline in multifamily production. Single-family construction continues, as expected, along a positive trend.
Read more at NAHB Eye On Housing
OSHA Reveals Its Top Ten Most Cited Violations Of 2016
OSHA has unveiled its annual Top 10 Most Cited Violations it encounters during workplace safety inspections throughout the U.S. The list not only alerts industrial suppliers and distributors of the safety areas they should pay extra attention to, but also gives them an idea what safety product categories will be the most popular throughout the next year.
Read more at Industrial Distribution
Home Buyer Demand Remains Strong in September
Sales, as usual, retreat from August but hold up against the same month last year.
Though posting a typical seasonal drop off from August, September’s U.S. home sales represented the most of any September in the 9-year history of the RE/MAX National Housing Report. Home sales dropped 11.7% from August to September – nearly the same as the 11.0% average decline over the previous eight years of the Report. But sales increased 2.0% over September 2015, which had previously been the best September.
Read more at BUILDER
Construction Job Openings Decline in August
The count of unfilled jobs in the overall construction sector fell in August, as residential construction employment hiring accelerated in August and September.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) fell to 184,000 in August, after establishing a cycle high of 225,000 in July (post-data revisions). The July estimate represents the highest monthly count of open, unfilled jobs since February 2007.
Read more at NAHB Eye On Housing
Millennials see housing price bubble on the horizon
Millennials are more likely than other generations to expect a price bubble and correction in the next two years with 60% of Millennials versus 47% of the total American population.
Read more at HOUSINGWIRE
Changing Consumer Tastes Steer an Evolution in Molding Market
Recent years have seen a steady shift in the molding market away from solid wood. Signs are that this will continue, driven by price pressure and evolving consumer tastes.
Read more at PROSALES
Data Imply Most Homes Last More than a Century
Of the 132.42 million homes that existed in the U.S. in 2011, 98.8 percent (130.85 million) were still there two years later, according to a report published by the Department of Housing and Urban Development (HUD) in 2016.
Read more at NAHB Eye On Housing
Forecast: Strongest and weakest housing markets for next year
The past year showed a rise in housing markets in the Northwest, and a cooling in the West in previously hot markets such as San Francisco. It seems that trend will continue into next year.
A new report from Veros Real Estate Solutions, which works in enterprise risk management and collateral valuation services, shows the strongest and weakest markets for the next 12 months ending in Sept. 1, 2017.
Read more at HOUSINGWIRE
