
Builder Sentiment Strong at Year’s End
Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Builder sentiment in the market for newly built single-family homes moved one point higher to 84 in December

Move to Double Lumber Tariffs is a Gut Punch to American Home Buyers, Home Owners
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., today issued the following statement after the U.S. Commerce moved forward with an administrative review to double the tariffs

Wilmington Home Builder and Developer Kevin P. Kelly Inducted into National Housing Hall of Fame
The National Association of Home Builders (NAHB) inducted Kevin P. Kelly, chairman and managing principal of Leon N. Weiner & Associates, Inc. in Wilmington, Del., into its National Housing Hall of Fame, during the association’s fall leadership meeting

Statement from NAHB Chairman Chuck Fowke on Easing of European Steel Tariffs
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Tampa, Fla., issued the following statement regarding President Biden’s decision to relax tariffs on European steel and aluminum

Low Inventory Leads to Solid Gains in New Home Sales
Fueled by strong demand, low existing inventory and buyers’ anticipation of future higher mortgage rates, new home sales posted a solid gain last month. Sales of newly built, single-family homes in September rose 14% to an 800,000 seasonally adjusted

Single-Family Starts Flat in September
Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions. Meanwhile, declines in multifamily production helped to push overall housing starts in September down 1.6% to a seasonally adjusted annual rate of 1.56 million

New Home Sales Edge Higher in August
Strong demand, low interest rates and fewer existing homes for sale helped contribute to an uptick in new home sales in August even as home prices continue to rise. Sales of newly built, single-family homes in August rose 1.5% to a 740,000 seasonally adjusted annual rate from an upwardly revised reading in July

August Housing Starts Lifted by Multifamily Development
Strong multifamily production helped push overall housing starts up in August as single-family starts edged lower due to ongoing supply chain issues and labor challenges. Total starts increased 3.9% to a seasonally adjusted annual rate of 1.62 million units

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

Builder Confidence at 13-Month Low on Higher Material Costs, Home Prices
Higher construction costs and supply shortages along with rising home prices pushed builder confidence to its lowest reading since July 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.

New Home Sales Fall in June as Supply-Chain Challenges Remain
Sales of newly built, single-family homes fell 6.6 percent in June to a 676,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

NAHB Awards Programs Now Open
The National Association of Home Builders (NAHB) has announced that its awards programs are now open. NAHB’s awards programs highlight the best and brightest in the home building industry in a variety of categories.

New Home Sales Drop in May as Housing Costs Continue to Rise
New home sales fell to the lowest pace in a year, with prices jumping 18 percent on a year-over-year basis, due to the high costs and uncertain availability of building materials, lots and labor. Sales of newly built, single-family homes fell 5.9 percent .

Home Building at Fastest Pace in Areas With Shortest Commute Times
Home building across the nation expanded the fastest in places with the shortest commute times, according to the quarterly National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) released today.

New Home Sales Soften in April with Growing Housing Affordability Concerns
Rising building materials costs and low inventory have caused new home sales prices to jump 20 percent on a year-over-year basis, harming housing affordability and driving down the pace of new home sales.

Regulatory Costs Add a Whopping $93,870 to New Home Prices
Regulations imposed by all levels of government account for $93,870, or 23.8 percent of the current average sales price ($397,300) of a new single-family home

Interest in New Homes Increases Among First-Time Buyers
As the housing industry celebrates New Homes Month in April, recent data from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), reveals that first-time home buyers account for almost half (43 percent)

Statement from NAHB Chairman Chuck Fowke on President Biden’s Infrastructure Plan
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., today issued the following statement on President Biden’s infrastructure proposal

February Home Sales Down on Rising Material Costs, Interest Rates
Higher interest rates, supply shortages and rising material prices, particularly for lumber, put a damper on new home sales in February. Sales of newly built, single-family homes fell 18.2 percent to a 775,000 seasonally adjusted annual rate, according

Higher Material Costs, Interest Rates Lower Builder Sentiment
Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)