Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

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NAHB: Age of Housing Stock by State

Posted on January 19, 2017 by Mike Means

Eye on Housing

BY NA ZHAO
Copyright © 2017, National Association of Home Builders

According to the latest data from the 2015 American Community Survey (ACS), the median age of owner-occupied homes is 37 years. The age of housing stock is not evenly distributed across the United States. Among the states, New York has the oldest homes with a median age of 57 years old, followed by Massachusetts at 53 years. The median age of homes in the District of Columbia, which is entirely urban, is 75 years. The newest homes are in the West. The median age of homes in Nevada is only 20 years, followed by Arizona where half of all owner-occupied homes were built in the last 24 years ago.

The geographic distribution of the age of the owner-occupied housing stock is strongly correlated with population changes from 2000 to 2015. The population changes, including both natural growth and net migration, signal the rising ... Read the article at the NAHB website

Age of Housing Stock

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Builders Satisfy Demand for Open Floor Plans

Posted on January 17, 2017 by Mike Means

Eye on Housing

 

By Paul Emrath
Copyright © 2017, National Association of Home Builders 

According to a recent NAHB article, open floor plans are popular among home buyers, and the design of new single-family homes tends to be, if anything, even more open. For example, in a 2015 NAHB survey, 70 percent of recent and prospective homebuyers said they preferred a home with either a completely or partially open kitchen-family room arrangement with 32 percent preferring the arrangement completely open.

When a similar question was asked in the September 2016 survey for the NAHB/Wells Fargo Housing Market Index, an even higher 84 percent of builders said that, in the typical single-family homes they build, the kitchen-family room arrangement is completely or partially open. Over half (54 percent) said it is completely open. Both surveys defined completely open as essentially combining two areas into the same room, and partially open as areas separated by a partial wall, counter, arch, or something else less than a full wall.

Of the remaining possibilities, 16 percent of buyers want the kitchen and family rooms in separate areas of the house, and 6 percent of builders ... Read the article at the NAHB website

Floor plans

 

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NAHB Elects Leadership for 2017

Posted on January 16, 2017 by Mike Means

NAHB now

Copyright © 2017 NAHB Now | The News Blog of the National Association of Home Builders. All rights reserved.

The NAHB Board of Directors elected four senior officers to top leadership positions within the federation during the association’s International Builders’ Show in Orlando, Fla.

GrangerTaking the helm as NAHB’s Chairman of the Board of Directors this year is Granger MacDonald, a Kerrville, Texas-based builder and developer with 40 years of experience in the home building industry. MacDonald is chairman and CEO of the MacDonald Companies, a diverse development, construction, and property management enterprise with nearly 50 neighborhoods completed and managed throughout Texas.

“We will work this year to prevent expensive, pointless regulations from impeding home building and housing affordability and partner with the Trump administration and new Congress to promote policies that encourage homeownership and affordable rental opportunities for all Americans,” said MacDonald.

Also moving up on the association’s leadership ladder during NAHB’s Orlando board meeting was Randy Noel, a Louisiana-based custom home builder with more than 30 years of experience in the home building industry. He was elected as First Vice Chairman of the Board.

Greg Ugalde, a Connecticut builder and developer with more than 25 years of experience in the home building industry, was elected as Second Vice Chairman of the Board.

Dean Mon joined the NAHB leadership ladder with his election as Third Vice Chairman of the Board.  2016 NAHB Chairman Ed Brady, from Bloomington, Ill., remains on the leadership ladder as Immediate Past Chairman.

Read the blog at the NAHB website

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One week left to register for Installation Banquet

Posted on January 15, 2017 by Mike Means

Installation banquet promo

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Some highlights from International Builders' Show

Posted on January 14, 2017 by Mike Means

By Richard Mize
Copyright © 2017, The Oklahoma Publishing Co.

While we were in Oklahoma sweating out fickle, hit-and-mist winter weather this week, a bunch of homebuilders from here were in sunny Orlando, Fla., for the International Builders' Show.

We'll hear from some of them, what they heard about the industry and saw new in the marketplace, next Saturday in The Oklahoman's real estate section and newsok.com/business/real-estate.

In the meantime, here are some highlights from the show, which drew about 80,000 builders, remodelers, developers, designers and their trade partners to seminars, presentations and 13 acres of exhibits from 1,500-plus exhibitors at Orlando's Orange County Convention Center.

The National Association of Home Builders, which organizes the annual show, reports:  Read the article at newsok.com

 

 

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Rising Rates a Challenge for 2017

Posted on January 12, 2017 by Mike Means

eye on economy

 

Copyright ©2017 NAHB | National Association of Home Builders

Economic conditions continue to mirror market reactions to the post-election environment. For example, the 10-year Treasury rate has risen from 1.8% in early November to approximately 2.4% this week. Rates escalated on the prospects of increased growth in a tight labor market. This higher cost of capital has pushed up mortgage rates (30-year fixed-rate mortgages jumped from 3.5% to 4.2% in recent months). And rising rates have already had an affect on pending homes sales which decreased 2.5% in November, 0.4% lower than a year ago.

However, it is important to keep in mind that rising rates are the result of improving economic growth prospects. Similar to the NAHB/Wells Fargo Housing Market Index, many market measures are showing post-election strength. For example, consumer confidence increased in December to the highest level since 2001. These trends reflect the broader economic challenge for 2017: a delicate balance of improved growth prospects and rising interest rates.

– NAHB Chief Economist Robert Dietz

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