Recent Blog Posts

Rising to the highest monthly pace since early 2008, new single-family home sales recorded strong gains in April, according to estimates from the Census Bureau and the Department of Housing and Urban Development. Increasing 16.6% on a monthly basis and 23.8% year-over-year, the pace of new home sales came in at 619,000 on an annualized basis. Sales increased for all regions except the Midwest. The April rate of sales was significantly higher than recent trends, as noted on the graph below.

Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builders remain cautiously optimistic about housing market growth. NAHB is forecasting faster single-family construction growth for 2016 than the 10% gain recorded in 2015. However, difficulties associated with access to labor and building lots are restraining growth in many local markets. Nonetheless, healthy levels of  Read More Builder Confidence Unchanged in April

Findings from the latest NAHB study on housing preferences, Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers, shows there are some similarities and differences in what home buyers of different generations want in terms of square footage and number of bedrooms in a new home. When asked how much finished space they would like to have, home buyers in general reported wanting a median of 2,020 square feet, about 9% more space than they currently have (1,859 sq. ft. Age plays a key role in desired home size, however) Buyers in the Millennial and Gen X generations both want homes over 2,300 square feet, whereas Boomers and Seniors would like homes under 1,900 square feet.

Industry benchmarks on profit margins, asset levels, and equity positions are important because they allow businesses to compare their performance to their peers, and that can be extremely helpful in identifying areas for improvement and increasing efficiencies. This is the reason why NAHB periodically conducts a survey asking single-family builders nationwide to (confidentially) provide us their income statements and balance sheets.  Complete results can be found in the recently released  Read More What’s the Average Profit Margin of Single-family Builders?

Independent Contractor Taxes: What You Need to Know

There are a lot of benefits that go along with being self-employed. One of which are the tax advantages. These benefits won’t happen without a little effort, though. You must be diligent about keeping records, organizing all receipts and paying estimated taxes. With some foresight, budgeting, and good record-keeping you should be well on your way. Below, are some things to keep in mind as tax season approaches. First and foremost, it’s important to verify your independent contractor status.