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 […]

A recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows overall housing starts increased 3.6% in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading. The May reading of 1.57 million starts is the number of housing units […]

Housing production weakened in February as ongoing high material costs and interest rates continue to affect the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau report overall housing starts decreased 10.3% to a seasonally adjusted annual rate of 1.42 million units. The 1.42 million starts is the number […]

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows the number of single-family starts flattened in November with builders struggling to meet demand. Overall housing starts increased 1.2% to a seasonally adjusted annual rate of 1.55 million units, the number of housing units builders would begin if […]