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New Home Sales Soften in April with Growing Housing Affordability Concerns
Rising building materials costs and low inventory have caused new home sales prices to jump 20 percent on a year-over-year basis, harming housing affordability and driving down the pace of new home sales.
Interest in New Homes Increases Among First-Time Buyers
As the housing industry celebrates New Homes Month in April, recent data from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), reveals that first-time home buyers account for almost half (43 percent)
Statement from NAHB Chairman Chuck Fowke on President Biden’s Infrastructure Plan
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., today issued the following statement on President Biden’s infrastructure proposal
February Home Sales Down on Rising Material Costs, Interest Rates
Higher interest rates, supply shortages and rising material prices, particularly for lumber, put a damper on new home sales in February. Sales of newly built, single-family homes fell 18.2 percent to a 775,000 seasonally adjusted annual rate, according
Higher Material Costs, Interest Rates Lower Builder Sentiment
Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)
NAHB Names Multifamily, Building Systems Council, Homes for Life and Global Innovation Award Winners
The National Association of Home Builders (NAHB) honored outstanding work in multifamily construction, building systems, aging-in-place and global innovation last week at the NAHB Pillars
International Housing Association Continues Focus on Access to Housing Finance
The International Housing Association (IHA) is continuing to focus on ways potential home owners across the world can access housing finance to achieve homeownership. Through “Housing Affordability: A World Challenge,”
Best in American Living™ Awards Embrace Top Design Trends for 2021
More than 160 single-family, multifamily, interior design, remodeling and community projects were honored at last night’s 2020 Best in American Living™ Awards (BALA) virtual ceremony. The awards are sponsored by Monogram Luxury Appliance
Record-High Lumber Prices are Hammering Housing Affordability
Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector from moving the economy forward, according to the National Association
Builder Confidence in the 55+ Housing Market Remains High in Fourth Quarter
Builder confidence in the single-family 55+ housing market remained high in the fourth quarter, inching down one point from an all-time high to 82, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI)
New Home Sales Hold Steady in December
Higher home prices stemming from rising lumber and other building material costs as well as a lack of inventory due to a shortage of buildable lots offset solid demand for new home sales in December.
Remodeling Industry Confidence Is Strong Despite COVID-19
National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) for the fourth quarter of 2020, posting a reading of 79. The finding is a signal of residential remodelers’ strong confidence in their markets, for projects
Housing Starts End 2020 Strong; Risks Ahead
While housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production. Led by a solid, double-digit gain in single-family starts, overall housing starts increased 5.8 percent to a seasonally adjusted annual rate of 1.67 million units
As Cases Surge, NAHB Calls for Another COVID-19 Safety Stand Down
The National Association of Home Builders (NAHB) is encouraging members, and all residential construction companies, to halt work for at least 10 minutes the week of Jan. 11-15 for a COVID-19 Jobsite Safety Stand Down to remind workers
Statement from NAHB Chairman Chuck Fowke on $900 Billion Stimulus Package
Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla., issued the following statement after Congress passed a $900 billion economic relief package
Affordability and Lack of Supply Put a Dent in New Home Sales
New home sales dipped in November, but remained at a solid level as builders struggled to meet demand and gain access to building materials. Sales of newly built, single-family homes in November fell 11 percent to an 841,000 seasonally adjusted
Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low
Record-low mortgage rates were not enough to offset inventory shortages and rising home prices as housing affordability continued to decline in the third quarter of 2020, according to the National Association of Home Builders (NAHB)
Builder Confidence in the 55+ Housing Market At an All-Time High in Third Quarter
Builder confidence in the single-family 55+ housing market was at an all-time high in the third quarter, jumping 18 points to 83, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index
September New Home Sales Pause Following Strong Summer Surge
Sales of newly built, single-family homes in September fell 3.5 percent to 959,000 from a downwardly revised August number, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau
Builder Confidence Continues Record Climb
In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September
