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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
Housing Starts Weaken in July as Market Slowdown Continues
A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market
Housing Affordability Falls to Lowest Level Since Great Recession
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022.
Statement from NAHB Chairman Jerry Konter on the Inflation Reduction Act
Jerry Konter, chairman of the National Association of Home Builders (NAHB) and home builder and developer from Savannah, Ga., today issued the following statement on the Inflation Reduction Act
Statement from NAHB Chairman Jerry Konter on Treasury’s New Guidance on Affordable Housing Development
Jerry Konter, chairman of the National Association of Home Builders (NAHB) and home builder and developer from Savannah
New Home Sales Plunge in June on Rising Affordability Woes
New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs.
Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates
Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time
More Than 600 NAHB Members Urge Congress to Take Action to Ease the Housing...
After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest
New Home Sales Increase in May Before Fed June Rate Rise
After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate hike
Rising Interest Rates, Higher Construction Costs Slow Housing Production
Rising interest rates and ongoing building material supply chain disruptions that raise construction costs continue to act as significant headwinds on the housing market.
Single-Family Home Building Growth Slowing in Large Suburbs
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family construction growth in small
New Research Shows Regulations Account for 40.6 Percent of Apartment Development Costs
Regulation imposed by all levels of government accounts for an average of 40.6 percent of multifamily development costs, according to new research released today
Confidence in Multifamily Housing Weakens in First Quarter of 2022
Confidence in the market for new multifamily housing turned downward in the first quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).
New Home Sales Down on Rising Interest Rates, Declining Affordability
In a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April, falling to their weakest pace in two years, as rising mortgage interest rates
More than 10,000 Housing Industry Representatives Send Letter to Biden Warning of Housing Crisis
More than 10,000 members of the National Association of Home Builders (NAHB) today sent a letter to President Biden calling on the White House to take immediate action as the growing housing
Housing Market at Inflection Point as Builder Confidence Continues to Fall
Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability.
Single-Family Permits Decline in March as Affordability Woes Continue
The single-family housing market continued to show signs of softening in March as permits and starts declined due to rising mortgage interest rates and ongoing supply chain bottlenecks
New Home Sales Soften in February on Higher Mortgage Rates and Construction Costs
Higher mortgage rates and construction costs pushed new home sales lower in February even as demand remains solid due to a lack of existing home inventory.
Single-Family and Multifamily Growth Solid but Trended in Opposite Directions in Last Half of...
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family growth in all small and large
Housing Affordability Will Remain a Significant Challenge in 2022
Low existing home inventory and strong buyer demand will keep housing moving forward in 2022 even as builders continue to grapple with ongoing building material production bottlenecks and labor shortages that will limit the pace of construction
