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 Home Builders/Wells Fargo Housing Market Index (HMI) reports that Builder confidence in the market for newly-built single-family homes rose one point in July. Now at 65, sentiment levels have held at a steady low- to- mid-60s range for the past six months. However, optimism in rising numbers is mixed with concern […]

Sales of newly built, single-family homes declined 13.4 percent to a seasonally adjusted annual rate of 394,000 units in July as higher mortgage rates prompted a temporary pause in buying activity, according to newly released data from HUD and the U.S. Census Bureau. “The drop-off in sales in July is in part a reflection of […]

According to the latest construction starts numbers, released by McGraw Hill Construction, new construction starts in July decreased 2 percent to a seasonally adjusted annual rate of $479.1 billion, according to the report. Residential building in July showed further growth. For the first seven months of 2013, total construction starts on an unadjusted basis were […]

Construction employment continued its spotty improvement in July, as more states posted year-over-year gains, but most states posted decreases compared with June, according to an analysis by the Associated General Contractors (AGC) of America of Labor Department data. Association officials said the steady improvement in employment in many states was welcome news, but cautioned that […]

Nationwide housing starts rose 5.9 percent to a seasonally adjusted annual rate of 896,000 units in July as multifamily construction rebounded from a dip in the previous month, according to newly released figures from HUD and the U.S. Census Bureau. Meanwhile, single-family construction recorded a modest decline from a rate that was upwardly revised for […]