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March New Home Sales Jump on Lower Rates and Tight Existing Home Supply
Lower mortgage rates and limited existing inventory helped to push new home sales up in March, even as builders continue to grapple with increased construction costs and material supply
Single-Family Starts Improve in March
Single-family production showed signs of a gradual upturn in March as stabilizing mortgage rates and limited existing inventory helped to offset stubbornly high construction costs, building labor shortages and tightening credit conditions
Statement from NAHB Chairman Alicia Huey on House Passage of H.R. 1
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
New Home Sales Remain Relatively Flat in February
Higher mortgage rates and home prices, as well as increased construction costs contributed to lackluster new home sales in February, but signs point to improvement later in the year.
Single-Family Starts Remain Lackluster, but Expected to Begin Sustained Rebound Later This Year
Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage rates, high
Builders Warn Congress WOTUS Rule Will Raise Housing Costs
Congress today received a first-hand account of how the Biden administration’s new waters of the United States (WOTUS) rule is exacerbating the nation’s housing affordability crisis by making
New Home Sales Up in January but Higher Rates Signal Further Weakness
Declining mortgage rates and home prices in January, coupled with home builders use of sales incentives, helped boost new home sales last month.
NAHB’s Best in American Living™ Awards Showcase Top Design Trends for 2023
More than 140 single-family, multifamily, interior design, remodeling and community projects were honored at the 2022 Best in American Living™ Awards (BALA) ceremony during the 2023 International Builders’ Show in Las Vegas
Design & Construction Week’s 10th Anniversary Attracts Record-Breaking Attendance
Over 200,000 housing and design professionals from across the globe flocked to Las Vegas for the 10th annual Design & Construction Week (DCW), the co-location of the National
NAHB Announces Best of IBS Winners at 2023 International Builders’ Show
The National Association of Home Builders (NAHB) named the winners in its 10th annual Best of IBS™ Awards during the NAHB International Builders’ Show® (IBS) in Las Vegas. The awards
Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead
A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction costs
Multifamily Developer Confidence Declines Significantly in the Third Quarter
While new home sales received a slight bounce in November from moderating mortgage rates, the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs and challenging affordability conditions.
Single-Family Housing Contraction Continues in October
Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.
New Home Sales Fall Back in September as Interest Rates Jump Higher
Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September.
Remodeling Market Sentiment Softened in Third Quarter but Remains Positive
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter, posting a reading of 77, declining 10 points compared to the third quarter of 2021.
New Home Sales Up in August but Rising Rates Portend Weakening Market
A brief decline in mortgage rates helped to boost new home sales in August but sales are expected to move on a downward trend in the months ahead as rates have since moved higher and builder
Multifamily Starts Surge in August as Single-Family Production Remains Weak
High mortgage rates and building production bottlenecks continue to act as a drag on the single-family housing market even as overall housing starts posted a double-digit gain in August
Shift in Single-Family Home Building Toward Smaller Markets Continues
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show a shift in home building activity over the past 30 months, with notable
Registration Now Open for 2023 NAHB International Builders’ Show in Las Vegas
The National Association of Home Builders (NAHB) officially opened online registration today for the 2023 NAHB International Builders’ Show® (IBS), the largest annual light construction trade
New Home Sales Fall to Lowest Pace in More than Six Years
In a further sign that the housing market continues to weaken, new home sales in July fell to their lowest level since January 2016. The tepid sales pace matches declining builder confidence
