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New Home Sales Hold Steady in December
Higher home prices stemming from rising lumber and other building material costs as well as a lack of inventory due to a shortage of buildable lots offset solid demand for new home sales in December.
Remodeling Industry Confidence Is Strong Despite COVID-19
National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) for the fourth quarter of 2020, posting a reading of 79. The finding is a signal of residential remodelers’ strong confidence in their markets, for projects
Housing Starts End 2020 Strong; Risks Ahead
While housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production. Led by a solid, double-digit gain in single-family starts, overall housing starts increased 5.8 percent to a seasonally adjusted annual rate of 1.67 million units
As Cases Surge, NAHB Calls for Another COVID-19 Safety Stand Down
The National Association of Home Builders (NAHB) is encouraging members, and all residential construction companies, to halt work for at least 10 minutes the week of Jan. 11-15 for a COVID-19 Jobsite Safety Stand Down to remind workers
Statement from NAHB Chairman Chuck Fowke on $900 Billion Stimulus Package
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after Congress passed a $900 billion economic relief package
Affordability and Lack of Supply Put a Dent in New Home Sales
New home sales dipped in November, but remained at a solid level as builders struggled to meet demand and gain access to building materials. Sales of newly built, single-family homes in November fell 11 percent to an 841,000 seasonally adjusted
Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low
Record-low mortgage rates were not enough to offset inventory shortages and rising home prices as housing affordability continued to decline in the third quarter of 2020, according to the National Association of Home Builders (NAHB)
Builder Confidence in the 55+ Housing Market At an All-Time High in Third Quarter
Builder confidence in the single-family 55+ housing market was at an all-time high in the third quarter, jumping 18 points to 83, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index
September New Home Sales Pause Following Strong Summer Surge
Sales of newly built, single-family homes in September fell 3.5 percent to 959,000 from a downwardly revised August number, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau
Builder Confidence Continues Record Climb
In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September
Remodeling Industry Confidence Surges in Third Quarter
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) in the third quarter of 2020, posting a reading of 82. The finding is a signal of residential remodelers’ strong confidence in their markets, for projects of all
Statement from NAHB Chairman Chuck Fowke on Need to Restart Stimulus Talks
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after President Trump announced that coronavirus stimulus talks would be put off until
Single-Family Housing Continues Growth in August
Single-family starts showed continued growth in August but overall housing production fell 5.1 percent to a seasonally adjusted annual rate of 1.42 million units due to a double-digit percentage decline in multifamily production
Statement from NAHB Chairman Chuck Fowke on CDC’s Rental Eviction Moratorium
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement regarding the U.S. Centers for Disease Control
2021 International Builders’ Show Registration Opens with Discounts Offered Through September
The National Association of Home Builders (NAHB) officially opened online registration today for the 2021 NAHB International Builders’ Show® (IBS), the premier event of the residential
A Suburban Shift for Home Building
Evidence of a suburban shift for consumer home buying preferences as a result of the COVID-19 pandemic can be found in the second quarter National Association of Home Builders (NAHB)
New Home Sales Surge in July to 13-Year High
In a sign that the housing market continues to lead the economy during the coronavirus outbreak, sales of newly built, single-family homes rose to its highest pace since 2006, up 13.9 percent to a seasonally adjusted annual rate of 901,000 units in July
Strong July for Housing Starts
In a further sign that housing continues to boost the economy, single-family and multifamily starts each posted solid gains in July, with total housing production up 22.6 percent to a seasonally adjusted annual
Housing Affordability Hits 18-Month Low on Lack of Supply, Higher Prices
Despite low interest rates, a supply shortage coupled with rising home prices contributed to a decline in housing affordability in the second quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
Statement from NAHB Chairman Chuck Fowke on NewDEAL Forum Housing Strategy
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after the NewDEAL Forum released its housing crisis strategy
