News
RealEstateRama News
New Home Sales Cool in June on Higher Mortgage Rates
Rising mortgage rates and elevated construction costs put a damper on new home sales last month.
Sales of newly built, single-family homes in June fell 2.5% to 697,000 seasonally
Single-Family Starts Decline in June but Permits Post Solid Gain
Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building activity and affordability
Remodeling Market Sentiment Edged Down in Second Quarter
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 68, edging down two points
NAHB Publication Offers Inside Look into the Financial Records of Remodelers
Remodelers now have a unique opportunity to see how their business stacks up against the competition with a new publication from the National Association of Home Builders (NAHB). NAHB’s
New Home Sales Jump in May
A lack of existing inventory coupled with solid consumer demand helped to boost new home sales in May to their highest level since February 2022. Sales of newly built, single-family homes in May increased 12.2% to a 763,000 seasonally adjusted annual rate
Single-Family Starts Post Solid Gain in May
Limited existing inventory combined with solid demand and improving supply chains helped push single-family starts to an 11-month high in May. Overall housing starts in May increased 21.7% to a seasonally adjusted annual rate of 1.63 million units
Low Existing Home Inventory Fueling Buyer Interest in New Homes
As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more Americans are turning to new home construction as existing inventory remains
2023 Innovative Housing Showcase: Announcing First Wave of Exhibitors
The National Association of Home Builders (NAHB) redesigned its Multifamily Market Survey (MMS) in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells
NAHB Debuts New Index for Multifamily Activity
The National Association of Home Builders (NAHB) redesigned its Multifamily Market Survey (MMS) in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for single-family housing.
Lack of Existing Inventory Boosts Builder Confidence to Key Marker
Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as the industry continues to face several challenges
March New Home Sales Jump on Lower Rates and Tight Existing Home Supply
Lower mortgage rates and limited existing inventory helped to push new home sales up in March, even as builders continue to grapple with increased construction costs and material supply
Single-Family Starts Improve in March
Single-family production showed signs of a gradual upturn in March as stabilizing mortgage rates and limited existing inventory helped to offset stubbornly high construction costs, building labor shortages and tightening credit conditions
Statement from NAHB Chairman Alicia Huey on House Passage of H.R. 1
Alicia Huey, chairman of the National Association of Home Builders (NAHB) and a custom home builder and developer from Birmingham, Ala., today issued the following statement after
New Home Sales Remain Relatively Flat in February
Higher mortgage rates and home prices, as well as increased construction costs contributed to lackluster new home sales in February, but signs point to improvement later in the year.
Single-Family Starts Remain Lackluster, but Expected to Begin Sustained Rebound Later This Year
Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage rates, high
Builders Warn Congress WOTUS Rule Will Raise Housing Costs
Congress today received a first-hand account of how the Biden administration’s new waters of the United States (WOTUS) rule is exacerbating the nation’s housing affordability crisis by making
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
