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New Home Building Geography Index Shows Single-Family Growth Limited to Exurbs
In a sign that housing affordability is becoming a growing issue nationwide, as of the first quarter of 2019 exurbs were the only region that registered single-family permit growth on a year-over-year basis, according to the new National Association of Home Builders (NAHB) Home Building Geography Index (HBGI).
Disaster Preparedness Must Focus on Upgrading Older Homes and Infrastructure
The National Association of Home Builders (NAHB) today called on Congress to focus on improving the older homes, structures and infrastructure that are less resilient to natural disasters because they were built when there were no national model codes
Confidence in Apartment and Condo Housing Sectors Weakens in First Quarter of 2019
Confidence in the market for new multifamily housing weakened in the first quarter of 2019, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) dropped seven points to 40 compared to the previous quarter
New Home Sales Post Solid Rate of 673,000 in April
Sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April after a sharp upwardly revised March report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Single-Family and Multifamily Starts Post Solid Gains in April
Total housing starts rose 5.7 percent in April to a seasonally adjusted annual rate of 1.24 million units from an upwardly revised reading in March, according to a report from the U.S. Housing and Urban Development and Commerce Department
Statement from NAHB Chairman Greg Ugalde on Trade Developments with Mexico and Canada
Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement after the White House announced the U.S. would remove tariffs on steel and aluminum imports from Canada and Mexico
Waters Bill a Step Forward to Ease Nation’s Housing Affordability Woes
The National Association of Home Builders (NAHB) today commended House Financial Services Committee Chairwoman Maxine Waters for proposing draft legislation to address the nation’s housing affordability crisis and called on the administration and Congress to make this issue a national policy priority
Builder Confidence Posts Solid Gain in May
Builder confidence in the market for newly-built single-family homes rose three points to 66 in May, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.
Housing Affordability Holds Steady on a Year-Over-Year Basis
Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
Remodeling Labor Shortage Continues to Impact Industry
The labor shortage for the remodeling industry continues to impact the industry, according to a recent survey by the National Association of Home Builders (NAHB) Remodelers. NAHB released the survey results, which highlights availability of labor and subcontractors, to kick off National Home Remodeling Month in May.
55+ Housing Market Opens First Quarter with Record High
Builder confidence in the single-family 55+ housing market continued to strengthen in the first quarter of 2019 with a reading of 72, up six points from the previous quarter, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today.
Statement from NAHB Chairman Greg Ugalde on Rep. Waters Housing Bill
Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement on House Financial Services Chairwoman Maxine Water’s housing bill
Lower Interest Rates Help Boost March New Home Sales
Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 692,000 units in March after a slightly revised February report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Housing Starts Decline in March
Total housing starts fell 0.3 percent in March to a seasonally adjusted annual rate of 1.14 million units from a downwardly revised reading in February, according to a report from the U.S. Housing and Urban Development a
Remodelers’ Confidence Falls Three Points in First Quarter of 2019
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 54 in the first quarter of 2019, falling three points from the previous quarter. The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared
Builder Confidence Edges Higher in April
Builder confidence in the market for newly-built single-family homes rose one point to 63 in April, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in the low 60s for the past three months.
Statement from NAHB Chairman Greg Ugalde on Senate Confirmation of Mark Calabria as FHFA...
Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement on the Senate confirmation of Mark Calabria as the new director of the Federal Housing Finance Agency
First-Time Home Buyers Battle Rising Prices, Seek Better Homes
As the housing industry celebrates New Homes Month in April, recent data from the American Housing Survey (AHS) confirms nearly two-thirds of first-time home buyers say a better home is the top reason for moving, followed by household formation, 61 percent and a better neighborhood, 49 percent.
New Home Sales Show Solid Growth in February
Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 667,00 units in February after an upwardly revised January report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since March 2018
Statement from NAHB Chairman Greg Ugalde on NAFTA Panel Ruling
Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., issued the following statement after the NAFTA Binational Panel agreed to allow NAHB to file an amicus brief regarding the U.S.-Canada softwood lumber trade dispute:
