New Home Sales Up in January but Higher Rates Signal Further Weakness
Declining mortgage rates and home prices in January, coupled with home builders use of sales incentives, helped boost new home sales last month.
NAHB’s Best in American Living™ Awards Showcase Top Design Trends for 2023
More than 140 single-family, multifamily, interior design, remodeling and community projects were honored at the 2022 Best in American Living™ Awards (BALA) ceremony during the 2023 International Builders’ Show in Las Vegas
Design & Construction Week’s 10th Anniversary Attracts Record-Breaking Attendance
Over 200,000 housing and design professionals from across the globe flocked to Las Vegas for the 10th annual Design & Construction Week (DCW), the co-location of the National
NAHB Announces Best of IBS Winners at 2023 International Builders’ Show
The National Association of Home Builders (NAHB) named the winners in its 10th annual Best of IBS™ Awards during the NAHB International Builders’ Show® (IBS) in Las Vegas. The awards
Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead
A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction costs
Multifamily Developer Confidence Declines Significantly in the Third Quarter
While new home sales received a slight bounce in November from moderating mortgage rates, the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs and challenging affordability conditions.
Single-Family Housing Contraction Continues in October
Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.
New Home Sales Fall Back in September as Interest Rates Jump Higher
Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September.
Remodeling Market Sentiment Softened in Third Quarter but Remains Positive
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter, posting a reading of 77, declining 10 points compared to the third quarter of 2021.
New Home Sales Up in August but Rising Rates Portend Weakening Market
A brief decline in mortgage rates helped to boost new home sales in August but sales are expected to move on a downward trend in the months ahead as rates have since moved higher and builder
Multifamily Starts Surge in August as Single-Family Production Remains Weak
High mortgage rates and building production bottlenecks continue to act as a drag on the single-family housing market even as overall housing starts posted a double-digit gain in August
Shift in Single-Family Home Building Toward Smaller Markets Continues
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show a shift in home building activity over the past 30 months, with notable
Registration Now Open for 2023 NAHB International Builders’ Show in Las Vegas
The National Association of Home Builders (NAHB) officially opened online registration today for the 2023 NAHB International Builders’ Show® (IBS), the largest annual light construction trade
New Home Sales Fall to Lowest Pace in More than Six Years
In a further sign that the housing market continues to weaken, new home sales in July fell to their lowest level since January 2016. The tepid sales pace matches declining builder confidence
Housing Starts Weaken in July as Market Slowdown Continues
A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market
Housing Affordability Falls to Lowest Level Since Great Recession
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.
Statement from NAHB Chairman Jerry Konter on the Inflation Reduction Act
Jerry Konter, chairman of the National Association of Home Builders (NAHB) and home builder and developer from Savannah, Ga., today issued the following statement on the Inflation Reduction Act
Statement from NAHB Chairman Jerry Konter on Treasury’s New Guidance on Affordable Housing Development
Jerry Konter, chairman of the National Association of Home Builders (NAHB) and home builder and developer from Savannah
New Home Sales Plunge in June on Rising Affordability Woes
New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs.
Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates
Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time
