NAHB members elected four senior officers to top leadership positions within the Federation at the conclusion of last week’s NAHB Leadership Meetings at the 2022 International Builders’ Show. Jerry Konter, a Georgia-based homebuilder and developer with more than 40 years of experience in the homebuilding industry was elected to chairman of the board this year. […]

At the end of January, the U.S. Department of Commerce announced its third preliminary finding to reduce tariffs on Canadian softwood lumber imports into the U.S. from 17.99% to 11.64%. In the wake of the announcement, Chuck Fowke, chair of the the National Association of Home Builders (NAHB) issued the following statement: “NAHB welcomes the […]

A four-month rise in homebuilder sentiment has “snapped,” the National Association of Homebuilders (NAHB) said this week, citing growing inflation concerns and ongoing supply chain disruptions, though the association says consumer demand remains robust. According to the NAHB/Wells Fargo Housing Market Index (HMI) released on Tuesday, builder confidence in the market for newly built single-family […]

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that new home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers’ anticipation of higher mortgage rates. “Our members are seeing strong buyer traffic as continued low mortgage […]

In his last monthly video update for the National Association of Homebuilders, executive director Chuck Fowke closed out the year with “good news.” Acknowledging that 2021 has been a year of “ups and downs,” he pointed out that “homebuilding has remained a bright spot.” Fowke reminded viewers that November homebuilder confidence, as tracked by the […]

The most recent NAHB/Wells Fargo Housing Market Index (HMI), released this week, reports that builder sentiment in the market for newly built single-family homes moved three points higher to 83 in November. Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges — including […]

The NAHB/Wells Fargo Housing Market Index (HMI) released last week shows sentiment in the market for newly built single-family homes moved four points higher to 80 in October, driven in part by strong consumer demand. The growing affordability challenges stemming from rising material prices and shortages didn’t damper single-family home starts in September, officials said, […]

Two leading indicators for construction forecasting registered opposing measures last week—one pointing to a downturn in builder confidence, while the other indicates more construction projects could be on the way for multifamily. The National Association of Home Builders (NAHB) announced that builder confidence reached a 13-month low, according to the NAHB/Wells Fargo Housing Market Index […]

A recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows overall housing starts increased 3.6% in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading. The May reading of 1.57 million starts is the number of housing units […]

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released this week shows that builder confidence in the market for newly built single-family homes fell two points to 81 in June, its lowest level since August 2020. Even with the rising material prices and supply chain shortages that caused the monthly […]