Tag: NAHB
NAHB report: Builder confidence rises on rallying interest rates
Falling mortgage rates helped end a four-month decline in builder confidence, and recent economic data signal improving housing conditions heading into 2024.
Builder confidence in...
Square foot prices more than double inflation in 2022
Median square foot prices for new for-sale single-family detached (SFD) homes started in 2022 increased 18% to $155, according to the National Association of...
Builders urge Congress to ease housing affordability crisis
More than 700 builders, remodelers and associates engaged in all facets of residential construction marched on Capitol Hill on June 7 to call on...
Low existing home inventory fuels buyers interest in new homes
More Americans are turning to new home construction as existing inventory remains low and mortgage rates begin to stabilize, the National Association of Home...
NAHB: Home construction stabilizing, inflation improving
Economic data suggests single-family home construction is stabilizing after declines in 2022 while inflation improves.
These incoming trends set an environment where homebuilding will realize...
Builder confidence in housing market increases for fifth month
Builder confidence in the market for newly built single-family homes rose across the country in the past three months, including by two points in...
NAHB: Over half of home’s sales price goes to construction costs
The National Association of Home Builders’ (NAHB) latest Cost of Construction Survey revealed 60.8% of the average home sales price consisted of construction costs...
NAHB: Housing affordability declines again, but turning point ahead
Mirroring a steep rise in mortgage rates that began in the early part of 2022 and coupled with ongoing building material supply chain bottlenecks...
NAHB: More than 200,000 construction jobs added in past year
Year over year, construction sector jobs in the United States increased by 248,000 in the year ending in November 2022, a 3.3% increase compared...
NAHB report: Builder confidence declined every month in 2022
High mortgage rates, elevated construction costs running well above the inflation rate, and flagging consumer demand due to deteriorating affordability conditions have dragged builder...