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Lower Interest Rates Stabilize Builder Confidence
Buoyed by falling mortgage rates, builder confidence in the market for newly-built single-family homes rose two points to 58 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
NAHB Study Shows Nearly 130,000 Households Priced Out of Housing Market with Each $1,000...
According to a recent study by the National Association of Home Builders (NAHB), a $1,000 increase in the cost of a median-priced newly-built home pushes 127,560 prospective buyers out of the market. In other words, based on their incomes, these households would be able to qualify for a mortgage to purchase the home before the price increase, but not afterward.
NAHB Study Shows Nearly 130,000 Households Priced Out of Housing Market with Each $1,000...
According to a recent study by the National Association of Home Builders (NAHB), a $1,000 increase in the cost of a median-priced newly-built home pushes 127,560 prospective buyers out of the market. In other words, based on their incomes, these households would be able to qualify for a mortgage to purchase the home before the price increase, but not afterward
Statement from NAHB Chairman Randy Noel on First Step Act Being Signed into Law
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom builder from LaPlace, La., today issued the following statement after President Trump signed the First Step Act into law
NAHB Urges Congress to Act on Housing Finance Reform
The National Association of Home Builders (NAHB) today commended House Financial Services Committee Chairman Jeb Hensarling (R-Texas) for working with lawmakers across the political aisle to develop a legislative framework to move housing finance reform forward.
Single-Family Starts Drop in November as Builders Face Affordability Concerns
Rising housing affordability issues continue to hinder single-family production even as total housing starts increased in November. According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, overall housing starts rose 3.2 percent in November to a seasonally
Builder Confidence Drops Four Points Amid Concerns Over Housing Affordability
Builder confidence in the market for newly-built single-family homes fell four points to 56 in December on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) as concerns over housing affordability persist. Although this is the lowest HMI reading since May 2015, builder sentiment remains in positive territory.
Statement from NAHB Chairman Randy Noel on Nomination of Mark Calabria as New FHFA...
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement on Mark Calabria being nominated as the new director of the Federal Housing Finance Agency (FHFA)
Statement from NAHB Chairman Randy Noel on Proposed WOTUS Rule
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the newly-released proposed definition for “waters of the United States” (WOTUS) under the Clean Water Act
Virginia Remodeler Leo Lantz Named 2018 NAHB Remodeler of the Year
The National Association of Home Builders (NAHB) Remodelers is honoring Leo Lantz, CAPS, CGP, CGR, GMR, a remodeler from Glen Allen, Va., as the 2018 NAHB Remodeler of the Year. The NAHB Remodeler of the Year award recognizes superior business management, exemplary NAHB involvement at all levels and outstanding contributions to the remodeling industry
Most Americans Cite a Housing Affordability Crisis Nationwide and Close to Home
Nearly three out of four American households believe that the nation is suffering a housing affordability crisis, and a majority of respondents reported this is a problem at their local and state level as well, according to a new nationwide survey conducted on behalf of the National Association of Home Builders (NAHB)
Home Builders Mourn the Passing of President Bush
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom builder from LaPlace, La., issued the following statement on the passing of President George H. W. Bush. “On behalf of all the members of NAHB, I wish to extend my deepest condolences to the Bush family.
New Home Sales Drop 8.9 Percent in October as Affordability Challenges Persist
Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 544,000 units in October after an upwardly revised September report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the lowest sales pace since December 2016. However, on a year-to-date basis, sales are up 2.8 percent from this time in 2017.
NAHB Announces Best of 55+ Housing Awards Finalists
The National Association of Home Builders (NAHB) announced the finalists for its 2019 Best of 55+ Housing Awards, the premier design and marketing competition for the 55+ housing industry. A total of 116 entries were chosen as finalists and are eligible for either a gold or silver award from NAHB's 55+ Housing Industry Council
Single-Family Starts Post Slight Decline as Builders Grapple with Affordability Issues
Rising housing affordability concerns continue to weigh on single-family production even as total housing starts edged higher in October. According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, total housing starts rose 1.5 percent in October to a seasonally
Multifamily Builder and Developer Confidence Weakens in Third Quarter as Market Faces Challenges
Confidence in the multifamily housing market weakened in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices: The Multifamily Production Index (MPI), which dropped three points to 48 compared to the previous quarter; and the Multifamily Vacancy Index (MVI), which rose two points to 47 compared to the previous quarter.
Builder Confidence Drops as Housing Affordability Issues Rise
Growing affordability concerns resulted in builder confidence in the market for newly-built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the sharp drop, builder sentiment still remains in positive territory.
Statement from NAHB Chairman Randy Noel and HBI Incoming President and CEO Ed Brady...
Randy Noel, chairman of the National Association of Home Builders (NAHB) and Ed Brady, incoming president and CEO of the Home Builders Institute (HBI), issued the following joint statement regarding the First Step Act
Statement from NAHB Chairman Randy Noel on FHA Actuarial Report
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement after the Federal Housing Administration (FHA) released its annual actuarial report to Congress
Housing Affordability Edges Lower in the Third Quarter
A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.
