More than 10,000 National Association of Homebuilders (NAHB) members from all 50 states, the District of Columbia and Puerto Rico sent a letter to President Biden on April 27, the organization reports, calling on the White House to take immediate action as the growing housing affordability crisis is pushing the housing market to an inflection […]

Three door and window related companies released their second quarter financial results in recent days, all proving that the market continues to have upward momentum with no signs of a slowdown. Door and window manufacturers Jeld-Wen and Fortune Brands both increased their 2021 outlooks, while distributor Huttig Building Products reported its second consecutive quarter of […]

The housing market is showing signs of stabilizing in the wake of the COVID-19 pandemic as builder confidence in the market for newly-built single-family homes increased seven points to 37 in May, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. The rise in builder sentiment follows the […]

A new study from the National Association of Home Builders (NAHB) shows that housing stands poised to lead the economic rebound once social distancing and other virus mitigation efforts show success in containing the coronavirus pandemic. Building 1,000 average single-family homes creates 2,900 full-time jobs and generates $110.96 million in taxes and fees for all […]

As of July, newly built single-family home sales have gone down 1.7%. This makes the seasonally adjusted annual rate 637,000 units according to the recent report released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales are up 7.2% from July of last year. “A lack of overall housing […]

Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando, Fla. “While positive developments on the demand side will support solid growth in the single-family […]

Driven by growth in the Northeast, nationwide housing starts rose 5.2 percent to a seasonally adjusted annual rate of 1.178 million units in February, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 7.2 percent to 822,000 units, which is the highest level […]

Builder confidence in the market for newly-built, single-family homes was unchanged in March, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Their confidence was ranked at a level of 58. “While builder sentiment has been relatively flat for the last few months, the March HMI reading correlates with NAHB’s […]

Builder confidence in the market for newly constructed single-family homes continued its steady rise in September with a one point increase to a level of 62, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). It is the highest reading since October 2005. “The HMI shows that single-family housing is […]

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. […]