The outlook among homebuilders improved in May, as production for single-family projects saw its highest rate yet in 2023. Confidence in the market for newly built single-family homes rose by five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The improvement marks a fifth straight month […]

High construction costs and elevated interest rates continue to hamper housing affordability, but March had builders showing a “cautious optimism,” as demand shifts to the new home market. Builder confidence in the market for newly built single-family homes in March rose two points to 44, according to the most recent National Association of Home Builders […]

Mortgage rates were a contributing factor that helped provide “solid” gains in builder confidence for the second consecutive month, said officials for the National Association of Homebuilders (NAHB). NAHB views recent improvement as a signal that the housing market may be turning a corner, officials said, even as builders continue to contend with high construction […]

Builder confidence in the market for newly built single-family homes snapped its longest losing streak last week, rising four points for the month of January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The rebound follows 12 straight months of decline through December 2022 and the first real decrease […]

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 […]

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 […]

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment. The association says it’s a troubling sign for the housing market, as builder confidence in the market for newly built single-family homes […]

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment. The association says it’s a troubling sign for the housing market, as builder confidence in the market for newly built single-family homes […]

The National Association of Homebuilders announced last week that despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects. Builder confidence in the market for newly built single-family homes moved one point lower, to 82 in […]

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released this week shows that builder confidence in the market for newly built single-family homes fell two points to 81 in June, its lowest level since August 2020. Even with the rising material prices and supply chain shortages that caused the monthly […]