Tag: National Association of Home Builders
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...
Design & Construction Week attracts record-breaking attendance
Over 200,000 housing and design professionals flocked to Las Vegas for the 10th annual Design & Construction Week (DCW) from Jan. 31 to Feb....
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...
NAHB, other trade groups urge Congress to act on transformer supply issues
The National Association of Home Builders (NAHB), along with five other building and utility trade groups, recently sent a joint letter to leaders of...
NAHB: Patios continue to substitute for decks on new homes
The share of new homes with patios increased nationwide for the sixth year in a row in 2021, while the share of new homes...
Builder confidence drops for tenth straight month
In a further signal that rising interest rates, building material bottlenecks and elevated home prices continue to weaken the housing market, builder sentiment fell...
New home sales up in August
A brief decline in mortgage rates helped to boost new home sales in August, but sales are expected to move on a downward trend...