The National Association of Homebuilders (NAHB) has reported that, after steadily rising for seven consecutive months, builder confidence fell for the first time this year in August. The association points to rising mortgage rates that, according to Freddie Mac, are nearing 7%, along with “stubbornly high” shelter inflation, as having eroded housing affordability and put […]

The National Association of Homebuilders (NAHB) credits demand for new homes, thanks to low existing inventory, for the increase in builder confidence in the month of July. The increase comes even as mortgage rates rise, construction costs remain elevated and limited lot availability haunts the industry. The NAHB/Wells Fargo Housing Market Index (HMI) shows builder […]

A report from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau indicates that single-family starts rose to an 11-month high in May. In reporting on the change, the National Association of Homebuilders (NAHB) attributes an increase to limited existing inventory combined with solid demand and improving supply chains. According […]

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 […]

February opened on a week of mixed feelings for attendees of the National Association of Home Builders’ (NAHB) International Builders Show (IBS). With more than 110,000 professionals cross pollenating between IBS and the Kitchen & Bath Industry Show, the scene was busy and jubilant—marking Design & Construction Week’s largest attendance ever. “I’ve been to more […]

The Home Builders Institute (HBI) has announced the appointment of Pamela Hughes Patenaude as chair of the nonprofit organization’s board of trustees. “Pam Patenaude is one of the nation’s most respected leaders in housing,” said Ed Brady, president and CEO of HBI, at its winter meeting. “Her appointment comes at a time when ending the […]

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 […]

Data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau just before Christmas shows that sales of newly built, single-family homes in November increased 5.8% to a seasonally adjusted annual rate of 640,000. At the same time, on a year-to-date basis, new home sales are down 15.2%. The National […]