Builder confidence in the market for newly built single-family homes snapped its longest losing streak last week, rising four points for the month of January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The rebound follows 12 straight months of decline through December 2022 and the first real decrease […]

Data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau just before Christmas shows that sales of newly built, single-family homes in November increased 5.8% to a seasonally adjusted annual rate of 640,000. At the same time, on a year-to-date basis, new home sales are down 15.2%. The National […]

The National Association of Home Builders (NAHB)/Wells Fargo Home Mortgage Housing Market Index (HMI), published this week, shows numbers continuing to slide across most sectors. The overall preliminary December HMI dropped to 31, from November’s revised number of 33, indicating that builder confidence remains the less-than-positive. The NAHB attributes high mortgage rates, elevated construction costs […]

The National Association of Home Builders (NAHB) points to continued elevated interest rates, high building material costs and declining affordability conditions pushing buyers to the sidelines as the source of the continued drag on builder sentiment. NAHB recorded the lowest confidence reading since June 2012 with the exception of the onset of the pandemic in […]

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest level since 2012 (excluding the two-month period in the spring of 2020 at the beginning of the pandemic). The association attributes the […]

According to the National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index (HMI) released this week, builder confidence in the market for newly built single-family homes fell three points in September to 46—marking nine consecutive months of decline. Aside from the spring of 2020, when the COVID-19 pandemic stalled nearly everything in the U.S., the […]

The National Association of Homebuilders (NAHB) reports that new findings from its Home Building Geography Index (HBGI) show a shift in home building activity over the past 30 months. Factors in those changes include: notable slowing in large, metro urban areas as a result of initial COVID migration effects, followed by declines in housing affordability […]

The National Association of Homebuilders (NAHB) reported last week that new home sales in July fell to their lowest level since January 2016. Tepid sales pace matches declining builder confidence as reported by the association since the beginning of the year, as the industry grapples with supply chain disruptions that are delaying new home building […]

The National Association of Homebuilders (NAHB) reports that builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining housing market has failed to bottom out, builder confidence in the market for […]

As the Senate pushes to pass the Inflation Reduction Act of 2022, the National Association of Homebuilders (NAHB) says it remains opposed to the bill. The association is working with Sen. Kyrsten Sinema (D-Ariz.) to obtain key changes as it related to carried interest and how companies can deduct depreciated assets from taxes. During the […]