On top of the solid report on mortgage volume earlier today, comes another hopeful report from the construction industry. The National Association of Home Builders (NAHB) says builder confidence in the new home market has […]
After the onset of the COVID-19 pandemic, the annual growth rate in most counties for single-family building jumped from mid-single digit annual growth rates to yearly growth rates in the teens to even high-30% range. […]
There aren’t many ways to make the Census Bureau’s New Residential Construction report exciting, and there are zero ways to frame it in a positive light (unless you want the old “it can only go […]
Spending on residential construction, while down a bit in August and in spite of the gloom and doom about the housing market, continues to run significantly higher than in 2021. This is also true, although […]
If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, […]
Rising mortgage rates & home prices reducing affordability, even as supply grows. KEY TAKEAWAYS Sales of new single‐family houses in April totaled a seasonally adjusted annual rate of 591,000, 16.6% below the revised March rate. […]
The Census Bureau’s new residential construction report for April showed continued high levels of multifamily housing construction permit issuance and unit starts, but unit completions declined, resulting in another increase in the number of units under construction. Note […]
The regular monthly release of the New Residential Construction report from the Census Bureau is typically fairly dry. To be fair, this month’s update is no exception outside the housing nerd community. But even amid […]
Builder confidence posted a significant drop in May as affordability challenges dimmed expectations. The National Association of Home Builders/Wells Fargo Housing Market Index, which measures builder sentiment, fell in May for the fifth consecutive month […]
Homebuilder confidence may still be higher than almost any time before the pandemic, but it’s now lower than any time since. The post-pandemic lows arrived abruptly with today’s release of the Housing Market Index from […]
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