News
RealEstateRama News
Housing Starts End 2024 on an Up Note
Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots.
NAHB, 15 State Attorneys General File Suit Against HUD’s Energy Codes Mandate
The National Association of Home Builders (NAHB) and 15 state attorneys general have filed a complaint in the Eastern District of Texas seeking to stop the U.S. Department of Housing and Urban
Single-Family Starts Post Solid Gain in November as Multifamily Falters
Ongoing lean levels of single-family existing home inventory helped to boost single-family production last month, while overall housing production fell because of a double-digit percentage drop
Increased Construction in Low Density Areas is the New Status Quo
More residential construction is occurring in low density suburbs and outlying areas because of several factors that affect housing affordability, including the continued lack of buildable lots, higher
October New Home Sales Down on Higher Rates
Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the sidelines in October. Sales of newly built, single-family homes in October declined 17.3% to a 610,000 seasonally adjusted annual rate
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
