NAHB
New Home Sales Weaken in October
Elevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home sales in October. Sales of newly built, single-family homes in October fell 5.6% to a
Single-Family Starts Flat in October
Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Overall housing starts increased 1.9% in October to a seasonally adjusted
Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History
Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade.
Single-Family Starts Post Unexpected Gain in September as High Interest Rates Persist
Despite elevated mortgage rates averaging above 7%, single-family starts posted a solid gain in September as more buyers are turning to new homes because of a dearth of inventory in the
Lack of Resales Boost New Home Sales in September
Despite mortgage rates that are at a 23-year high, new home sales posted a double-digit percentage gain in September because of a lack of inventory in the resale market.
Remodeling Market Sentiment Declines 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 65, declining three points
NAHB Lauds House for Extending NFIP and Government Funding, Urges Senate to Act Now
Alicia Huey, chairman of the National Association of Home Builders (NAHB) and a custom home builder and developer from Birmingham, Ala., issued the following statement after Congress
New Home Sales Weaken in August on Higher Mortgage Rates
Elevated mortgage rates and challenging affordability conditions pushed new home sales down to their weakest rate since March. Sales of newly built, single-family homes in August fell 8.7% to a
Housing Starts Lower on Rising Mortgage Rates
Higher mortgage rates averaging above 7% put a damper on single-family production in August, as builders also continue to face supply-side challenges in the form of elevated construction costs, a lack of skilled labor and a shortage of buildable lots.
Large Metro Markets Show Biggest Slowdown in Single-Family Construction
Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro
New Home Sales Increase in July Despite Higher Mortgage Rates
Low existing inventory and solid demand more than offset rising mortgage rates and elevated construction costs to boost new home sales last month. Sales of newly built, single-family homes
Single-Family Starts Edge Higher in July but Rising Rate Concerns Persist
A lack of existing inventory and solid demand helped offset rising mortgage rates and push single-family production higher in July, even as builders continue to grapple with elevated construction
Statement from NAHB Chairman Alicia Huey on Final Davis-Bacon Rule
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 the
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
