Posts Tagged ‘ NAHB Chairman ’

Areas with Shortest Commute Times Most Popular for Home Building Areas

Jun 7th, 2021

The quarterly NAHB Home Building Geography Index (HBGI) released earlier this month shows home building expanded the fastest in places with the shortest commute times. The HBGI also shows the suburban shift in new home construction to low density, low cost markets stemming largely from the COVID-19 pandemic and first reported in the second quarter […]

Builder Confidence Remains Strong, No Longer at Record High

Dec 17th, 2020

After three successive months of record highs, the latest NAHB/Wells Fargo Housing Market Index (HMI) shows builder confidence in the market for newly built single-family homes fell four points to 86 in December. Despite the decline, this is still the second-highest reading in the history of the series, after last month’s rating of 90. “Housing […]

Sales Growth Lifts Builder Confidence to New Record High

Nov 18th, 2020

The latest National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released yesterday, shows confidence in the market for newly-built single-family homes has increased another five points in November, shattering the previous all-time high of 85 recorded in October, and now sitting at 90. Builder confidence levels have hit successive all-time highs over […]

Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low

Nov 6th, 2020

The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports that housing affordability continued to decline in the third quarter of 2020, due to inventory shortages and rising home prices. Record-low mortgage rates were not enough to prevent the decline in affordable housing, resulting in 58.3 percent of new and existing homes […]

After Strong Summer Surge, September New Home Sales Hit Pause

Oct 27th, 2020

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that sales of newly built, single-family homes in September fell 3.5 percent to 959,000, which is down from a revised August. However, the September 2020 rate is 32.1 percent higher on a year-to-date basis than the September […]

NAHB Turns 2021 Design & Construction Week Into All-Virtual Event

Oct 12th, 2020

Lingering health and safety concerns along with ongoing travel restrictions stemming from the COVID-19 pandemic has prompted the National Association of Home Builders (NAHB) and National Kitchen & Bath Association (NKBA) to redesign the 8th annual Design & Construction Week® (DCW) featuring NAHB’s International Builders’ Show® (IBS) and NKBA’s Kitchen & Bath Industry Show® (KBIS). […]

New Home Sales at Highest Pace Since September 2006

Sep 25th, 2020

Sales of newly built, single-family homes in August topped the 1 million mark and reached their highest pace since September 2006 the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reports. Sales increased 4.8 percent to a seasonally adjusted annual rate of 1.01 million units, according to the newly released data, […]

HBGI Shows Suburban Housing Shift

Sep 2nd, 2020

The second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) shows the COVID-19 pandemic has prompted a suburban shift for consumer home buying preferences. “The increasing demand for construction in more suburban neighborhoods is being driven in large part by the coronavirus outbreak,” said NAHB chairman Chuck Fowke, a custom home […]

Builder Confidence Matches All-Time High on Record Traffic

Aug 18th, 2020

The latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released yesterday, shows that builder confidence in the market for newly-built single-family homes increased six points to 78 in August. The HMI now stands at its highest reading in the 35-year history of the series, matching the record that was set in December […]

Coronavirus Causes Builder Confidence Decline of Historic Proportions

Apr 15th, 2020

Builder confidence in the market for newly-built single-family homes plunged 42 points in April, the largest single monthly change in the history of the index and marks the lowest builder confidence reading since June 2012, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. The drop, which puts […]

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