Posts Tagged ‘ Jerry Konter ’

Confidence in Single-Family Housing Contraction Continues in October

Nov 21st, 2022

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 […]

NAHB: Builder Confidence Continues Downward Slide, Housing Market Continues to Weaken

Oct 20th, 2022

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 […]

NAHB: Builder Confidence Falls for Nine Months Straight

Sep 20th, 2022

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 […]

NAHB: Shift in Single-Family Home Building Toward Smaller Markets Continues

Sep 8th, 2022

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 […]

New Home Sales Fall to Lowest Pace in More than Six Years

Aug 29th, 2022

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 […]

NAHB: Builder Confidence Underwater After Falling for Eighth Consecutive Month

Aug 16th, 2022

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 […]

NAHB Supports Changes Made to Inflation Reduction Act; Works to Continue to “Improve” Bill

Aug 11th, 2022

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 […]

Department of Treasury Sets New Guidance on Affordable Housing Development; NAHB Chair Responds

Jul 29th, 2022

The U.S. Department of the Treasury announced new guidance this week to increase the ability of state, local, and tribal governments to use American Rescue Plan (ARP) funds to boost the supply of affordable housing in their communities. A Department of Treasury press release says the step follows a commitment in the Administration’s recently released […]

NAHB Urges Congress Take Action to Ease Housing Affordability Crisis

Jul 25th, 2022

At a Senate Finance Committee hearing last week regarding the role of tax incentives in affordable housing, the National Association of Home Builders (NAHB) told Congress that the housing affordability crisis is far-reaching and will require action on several fronts, not just the tax arena. “The housing affordability crisis is the result of failing to […]

Builder Confidence Plunges in Face of Affordability Woes

Jul 21st, 2022

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released on Monday, shows that builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic. In a further sign of a weakening housing market, builder confidence in the market for […]

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