The outlook among homebuilders improved in May, as production for single-family projects saw its highest rate yet in 2023. Confidence in the market for newly built single-family homes rose by five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The improvement marks a fifth straight month […]

Pella Corp. announced last week that it’s now offering professional installation services for homebuilders. A new program, dubbed Pella ProInstall, offers to manage “every aspect of the window installation process,” but only for builders that purchase products directly from the company’s own retail operations and showrooms. Services include onsite measurements for openings, installation and accessory […]

Builders FirstSource Inc., US supplier of building products, prefabricated components and value-added services, recently announced it has purchased the assets of John’s Lumber, which operates two locations serving the greater Detroit metropolitan statistical area. John’s Lumber has been family-owned and operated since it was founded by Roy Aggeler in 1947. The company is a supplier […]

Builder confidence in the market for newly built, single-family homes in July hit a level of 60 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) while the June reading was revised upward one point to 60 as well. The last time the HMI reached this level was in November 2005. […]

A shortage of buildable lots, especially in the most desirable locations, has emerged as one of the key factors holding back a more robust housing recovery, according to the latest survey on the topic conducted by the National Association of Home Builders (NAHB). “In our August 2013 survey, 59 percent of builders reported that the […]