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Builder Confidence Eases on Supply-Side Constraints
Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects.
NAHB Unveils the Two Official Show Homes of the 2022 International Builders’ Show
The National Association of Home Builders’ (NAHB) Leading Suppliers Council, in collaboration with Professional Builder and Professional Remodeler magazines, today unveiled the official
Single-Family Starts Post Double-Digit Percentage Gain in 2021
While single-family starts dipped in December due to ongoing supply-side challenges, they still managed to post double-digit gains in 2021. Overall housing starts increased 1.4% in December
NAHB Announces Finalists for Best of IBS™ Awards
The National Association of Home Builders (NAHB) has announced the finalists for its ninth annual Best of IBS™ Awards for the 2022 NAHB International Builders’ Show® (IBS) in Orlando.
New Home Sales Jump in November on High Consumer Demand
New home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers' anticipation of future higher mortgage rates. Sales of newly built, single-family homes in November rose 12.4% to a 744,000
Double-Digit Gains for Single-Family and Multifamily Production in November
Single-family and multifamily housing production accelerated in November, due to strong demand for new construction. Overall housing starts increased 11.8% to a seasonally adjusted annual rate of 1.68 million units, according to a report
Builder Sentiment Strong at Year’s End
Despite inflation concerns and ongoing production bottlenecks, builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Builder sentiment in the market for newly built single-family homes moved one point higher to 84 in December
Move to Double Lumber Tariffs is a Gut Punch to American Home Buyers, Home...
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., today issued the following statement after the U.S. Commerce moved forward with an administrative review to double the tariffs
Wilmington Home Builder and Developer Kevin P. Kelly Inducted into National Housing Hall of...
The National Association of Home Builders (NAHB) inducted Kevin P. Kelly, chairman and managing principal of Leon N. Weiner & Associates, Inc. in Wilmington, Del., into its National Housing Hall of Fame, during the association’s fall leadership meeting
Statement from NAHB Chairman Chuck Fowke on Easing of European Steel Tariffs
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Tampa, Fla., issued the following statement regarding President Biden’s decision to relax tariffs on European steel and aluminum
Low Inventory Leads to Solid Gains in New Home Sales
Fueled by strong demand, low existing inventory and buyers’ anticipation of future higher mortgage rates, new home sales posted a solid gain last month. Sales of newly built, single-family homes in September rose 14% to an 800,000 seasonally adjusted
Single-Family Starts Flat in September
Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions. Meanwhile, declines in multifamily production helped to push overall housing starts in September down 1.6% to a seasonally adjusted annual rate of 1.56 million
New Home Sales Edge Higher in August
Strong demand, low interest rates and fewer existing homes for sale helped contribute to an uptick in new home sales in August even as home prices continue to rise. Sales of newly built, single-family homes in August rose 1.5% to a 740,000 seasonally adjusted annual rate from an upwardly revised reading in July
August Housing Starts Lifted by Multifamily Development
Strong multifamily production helped push overall housing starts up in August as single-family starts edged lower due to ongoing supply chain issues and labor challenges. Total starts increased 3.9% to a seasonally adjusted annual rate of 1.62 million units
Fastest Home Building Activity Continues in Suburban, Exurban Communities
Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released today by the National
Builder Confidence at 13-Month Low on Higher Material Costs, Home Prices
Higher construction costs and supply shortages along with rising home prices pushed builder confidence to its lowest reading since July 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.
New Home Sales Fall in June as Supply-Chain Challenges Remain
Sales of newly built, single-family homes fell 6.6 percent in June to a 676,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
NAHB Awards Programs Now Open
The National Association of Home Builders (NAHB) has announced that its awards programs are now open. NAHB’s awards programs highlight the best and brightest in the home building industry in a variety of categories.
New Home Sales Drop in May as Housing Costs Continue to Rise
New home sales fell to the lowest pace in a year, with prices jumping 18 percent on a year-over-year basis, due to the high costs and uncertain availability of building materials, lots and labor. Sales of newly built, single-family homes fell 5.9 percent .
Home Building at Fastest Pace in Areas With Shortest Commute Times
Home building across the nation expanded the fastest in places with the shortest commute times, according to the quarterly National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) released today.
