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INDUSTRY NEWS

COVID-19 Continues to Impact Home Purchasing Plans

1/28/2021

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NAHB - In the wake of the COVID-19 pandemic, more Americans are interested in purchasing homes, according to NAHB’s latest Housing Trends Report.
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The share of Americans who are considering the purchase of a home in the next 12 months was 15% in the fourth quarter of 2020, four percentage points higher than a year earlier and the largest year-over-year gain in the three-year history of this series. The gain shows the coronavirus outbreak continues to impact Americans’ propensity to want to buy homes.



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CDC Extends Eviction Moratorium Through March 31

1/26/2021

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NAHB Now - ​The Centers for Disease Control and Prevention has announced it is extending the current order temporarily halting residential evictions until at least March 31, 2021.

​In a press release announcing the action, CDC Director Rochelle Walensky said: “As a protective public health measure, I will extend the current order temporarily halting residential evictions until at least March 31, 2021. The COVID-19 pandemic has presented a historic threat to our nation’s health. It has also triggered a housing affordability crisis that disproportionately affects some communities.

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Experts Predict What the 2021 Housing Market Will Bring

1/25/2021

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The Washington Post | Kathy Orton - ​A bright spot in an otherwise dreary 2020 was the residential real estate market. After briefly retrenching at the beginning of the pandemic, home sales soared. A lack of homes on the market and low mortgage rates caused prices to skyrocket. Rising prices lifted home values, creating more wealth for homeowners.

But not everything was rosy. As of this month, 5.2 percent of mortgages, or 2.7 million, are in forbearance, according to Black Knight, a mortgage data and technology company. That represents $547 billion in unpaid principal.


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Housing Starts End 2020 With Strong Gains

1/22/2021

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HBS Dealer - Housing starts wrapped up 2020 with another show of strength. 

Privately-owned housing starts increased 5.8% to 1.669 million in December 2020 above the revised November estimate of 1.578 million, according to the latest Monthly Residential Construction report released this morning by the Census Bureau and Department of Housing and Urban Development.

The latest report also places December housing starts 5.2% above the December 2019 rate of 1.587 million.


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Modest Remodeling Growth Expected in 2021

1/22/2021

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LIRA 2020
HBSDealer Staff - While remodeling spending is expected to rise in 2021, growth will not be as strong compared to the prior year.
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Annual gains in spending for improvements and repairs to owner-occupied homes are expected to be modestly higher in 2021 compared to last year, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies (JCHS) of Harvard University. 


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Remodeling Confidence Remains Strong

1/22/2021

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HBSDealer Staff - The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 79 in the fourth quarter of 2020.

While the reading marks a three-point drop from a level of 82 in the third quarter, the NAHB said that the latest reading indicates remodelers’ confidence in their markets for projects of all sizes despite the ongoing negative impacts of the coronavirus pandemic.


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ASSOCIATES: 1st Choice Insulation/T & N Holdings | A-1 Interior Trim | Bardenwerper, Talbott and Roberts | Berkshire Hathaway HomeServices, Parks & Weisberg Realtors | Bonnycastle Appliance & TV, Inc. | Builders FirstSource | Caliber Home Loans | Carter Kitchen/Bath & Millwork | Century Entertainment & Furnishings | Century Mortgage | Cunningham Door & Windows | Daugherty Insurance Agency, Inc. | Ditsler Insurance Agency, LLC | Door Store and Windows | ECS Southeast, LLP | Jones Landscape + Design | K-I Lumber & Building Materials | L&N Federal Credit Union | Lincoln Insurance Agency, Inc. | Living Spaces by Lyn | Logan Lavelle Hunt | PC Home Center | Quality One Steel Design | River City Bank | Sam Kinnaird’s Flooring Outlet, Inc | Screens of Kentucky, LLC | Wilson & Muir Bank & Trust Company
BUILDERS: Clifford Thieneman Co. LLC | P.L. Lyons Architectural Builders | Rich Heareth/Perfection Builders | Tom Waller Signature Homes
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  • Home
  • Member Services
    • Pay My Bill
    • Find a BIA Member
    • Become A Member
    • Sponsorships
    • Join a Committee
    • Job Board
    • Member to Member Emails
    • Publications
    • BIA Staff and Board of Directors
  • Greater Louisville Community
    • Greater Louisville Relocation Guide
    • Find an Industry Professional
    • Find a Registered Builder
    • Find a BIA Registered Remodeler
    • Request for Conciliation
  • Events
    • Public Events >
      • Home, Garden & Remodeling Show
      • Homearama 2020
      • Homearama 2021
      • Tour of New Homes
      • Tour of Remodeled Homes
    • Member Events
    • BIA Calendar
  • EDUCATION
    • BIA Calendar
    • Class Descriptions and Rules
  • News
    • BIA Blog
    • BIA Members In The News
    • Industry News
    • BIA Social Media
  • Job Board