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Housing Starts Decline in October

WASHINGTON, D.C. – November 17, 2010 – (RealEstateRama) — Nationwide housing starts declined 11.7 percent to a seasonally adjusted annual rate of 519,000 units in October, according to figures released by the U.S. Commerce Department today. The decline was primarily registered in the more volatile multifamily sector, where starts retreated 43.5 percent to an 83,000-unit rate, while single-family starts posted a more modest 1.1 percent decline to 436,000 units.”Home builders continue to be very cautious about starting new projects at this time,” said Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich. “That said, in markets where consumer demand for new homes is reviving, builders are finding it almost impossible to obtain construction financing, and this frustrating situation is producing an unnecessary drag on both new home production and economic growth.”

NAHB’s Cost Of Doing Business Study Helps Builders Evaluate Their Financial Performance

March 11, 2008 – Builders now have an opportunity to see how their business stacks up against the competition. The National Association of Home Builders (NAHB) recently released the 2008 edition of the Cost of Doing Business Study, a national study of builders’ business practices and financial performance.

Studies Show Alternatives More Effective In Addressing Affordability Problems

March 6, 2008 – Mandatory inclusionary zoning requiring builders to sell a certain number of homes at below-market prices is a complex market intervention that can act like a tax on housing and worsen the affordable housing problem it is meant to solve.

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Recent NAHB Press Releases

NAHB

Fastest Home Building Activity Continues in Suburban, Exurban Communities

Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released today by the National

Random NAHB in News

USA TODAY

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Millenials are entering the housing market at a tumultuous time - many want to buy, but few can seem to afford it. Follow along with the Gliddens, a Washington, DC couple looking to set down
Forbes

I Want A Better House