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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.
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)
NAHB Names Multifamily, Building Systems Council, Homes for Life and Global Innovation Award Winners
The National Association of Home Builders (NAHB) honored outstanding work in multifamily construction, building systems, aging-in-place and global innovation last week at the NAHB Pillars
International Housing Association Continues Focus on Access to Housing Finance
The International Housing Association (IHA) is continuing to focus on ways potential home owners across the world can access housing finance to achieve homeownership. Through “Housing Affordability: A World Challenge,”
Best in American Living™ Awards Embrace Top Design Trends for 2021
More than 160 single-family, multifamily, interior design, remodeling and community projects were honored at last night’s 2020 Best in American Living™ Awards (BALA) virtual ceremony. The awards are sponsored by Monogram Luxury Appliance
Record-High Lumber Prices are Hammering Housing Affordability
Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector from moving the economy forward, according to the National Association
Builder Confidence in the 55+ Housing Market Remains High in Fourth Quarter
Builder confidence in the single-family 55+ housing market remained high in the fourth quarter, inching down one point from an all-time high to 82, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI)
