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Multifamily Developer Sentiment Showed Mixed Results in Third Quarter
Confidence in the market for new multifamily housing showed mixed results year-over-year in the third quarter, according to results from the Multifamily Market Survey (MMS) released today
New Home Sales Rise in September as Mortgage Rates Ease
Home buyers moved off the sidelines in September following the Federal Reserve’s recent move to cut interest rates for the first time in four years. Sales of newly built, single-family homes in
Single-Family Starts Trend Higher in September
With the Federal Reserve beginning an easing of monetary policy and builder sentiment improving, single-family starts posted a modest gain in September while multifamily construction continued to weaken because of tight financing and an ongoing
Remodeling Market Sentiment Dips in Third Quarter
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter, posting a reading of 63, down two points compared
Market-Driven Solutions Will Bolster Nation’s Resilience, Keep Homes Affordable
The National Association of Home Builders (NAHB) told Congress today that the Federal Emergency Management Agency’s (FEMA) oversized emphasis on adopting the latest building codes to
Single-Family Starts Up in August but Supply-Side Issues Linger
Single-family starts posted a solid gain in August on robust demand and moderating mortgage rates even as builders continue to grapple with challenges related to lot and labor
NAHB Opens Registration for 2025 International Builders’ Show in Las Vegas
The National Association of Home Builders (NAHB) officially opened online registration and housing today for the 2025 NAHB International Builders’ Show® (IBS), the largest annual light
Surprise Lift for New Home Sales in July
Sales of new homes rose unexpectedly in July, following significant revisions in the previous months’ data. Sales of newly built, single-family homes in July rose 10.6% to a 739,000 seasonally adjusted annual rate from significant upward revisions
Builder Confidence Moves Lower as Market Waits for Rate Cuts
A lack of affordability and buyer hesitation stemming from elevated interest rates and high home prices contributed to a decline in builder sentiment in August. Builder confidence in the
Costly Energy Codes and Rent Caps Will Harm Housing Affordability, NAHB Tells Congress
The National Association of Home Builders (NAHB) called on Congress today to address two key policies that will notably escalate costs for home buyers and renters: the federal push to
New Home Sales Soft in June as Mortgage Rates Remain Near 7%
Elevated mortgage rates continue to keep buyers on hold, as new home sales remained relatively flat in June. Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally
Single-Family Starts Weaken in June
Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units
Higher Rates Continue to Sideline Home Buyers
Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual
Housing Starts Retreat in May
Single-family and multifamily housing starts fell in May as high interest rates for construction and development loans and mortgage rates held back both housing supply and demand. Overall housing starts fell 5.5% in May to a seasonally adjusted
Americans Want Policymakers to Act on Housing Affordability
Nearly four out of five Americans agree that the country is in the midst of a housing affordability crisis and that officials at all levels of government are not doing enough to address this vital issue
Families Must Spend 38% of Their Income on Mortgage Payments, New NAHB Index Shows
A new quarterly Cost of Housing Index unveiled today by the National Association of Home Builders (NAHB) and Wells Fargo underscores the housing affordability crisis in America by
New Home Sales in April Down on Higher Mortgage Rates
Mortgage rates that averaged above 7% since mid-April per Freddie Mac data acted as a drag on new home sales last month. Sales of newly built, single-family homes in April fell 4.7% to a
Higher Interest Rates Keep Single-Family Housing Starts Flat in April
Single-family starts remained flat in April as interest rates moved above 7% last month and builders were dealing with tighter lending conditions. Overall housing starts increased 5.7%
NAHB Announces a 10-Point Plan to Tame Shelter Inflation, Ease the Housing Affordability Crisis
With a nationwide shortage of roughly 1.5 million housing units that is making it increasingly difficult for American families to
New Nationwide Codes Mandate a Major Blow to Housing Affordability
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kan., today issued the following statement after the Biden administration
