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 […]

Confidence in the market for new multifamily housing increased in the second quarter, however, it still remains in negative territory, according to results from the Multifamily Market Survey (MMS) released last week by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) rose to 37, a […]

The U.S. Housing and Urban Development and Commerce Department reports that single-family and multifamily starts each posted solid gains in July, with total housing production up 22.6 percent to a seasonally adjusted annual rate of 1.50 million units. It is the highest production rate since February. “The market is being buoyed by historically low interest […]

According to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes rose to their highest level since the Great Recession, up 13.8 percent to a seasonally adjusted annual rate of 776,000 units in June. The June rate is 6.9 percent higher […]

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 […]