Posts Tagged ‘ Robert Dietz ’

As Home Prices Rise Owners Also Set to Spend More on Improvements

Apr 20th, 2021

After the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed a slight dip in builder confidence in March, data from the U.S. Census Bureau shows a rise in building permits issued for the same month, along with a sharp year-over-year increase. In March, officials for NAHB pointed to material costs and […]

Builders Point to Material Costs and Interest Rates for Slight Decline in Confidence

Mar 23rd, 2021

With a slight decrease in confidence registering among builders in March, officials for the National Association of Home Builders (NAHB) point to material costs and interest rates as culprits. After attempting to persuade the U.S. Department of Commerce to take action on escalating costs for lumber and other materials, officials for NAHB now say those […]

NAHB Pushes for Solutions to Keep Homes Resilient and Affordable

Mar 19th, 2021

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 […]

Builder Sentiment Dip in Face of Higher Material Costs, Interest Rates

Mar 18th, 2021

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the market for newly built single-family homes fell two points to 82 in March. High buyer traffic and strong demand, wasn’t enough to keep builder sentiment up in March as rising lumber and other material prices pushed […]

January: New Home Sales Higher, Supply Concerns Remain

Feb 26th, 2021

A combination of low interest rates, favorable demographics and a suburban shift for home building to smaller, more affordable housing markets created a strong demand that helped to lift new home sales in January, but rising lumber and material costs continue to threaten the momentum. Newly released data by the U.S. Department of Housing and […]

January Shows Upswing in Construction; High Demand Offsets Higher Costs-For Now

Feb 22nd, 2021

A report issued last week from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau Housing showed that production softened in January as rising lumber prices continue to affect the housing industry. Overall housing starts decreased 6.0 percent to a seasonally adjusted annual rate of 1.58 million units. The January reading […]

Recent Forecasts Give Full Picture of Housing’s Future

Feb 16th, 2021

Economists at the National Association of Home Builders (NAHB) covered all aspects of forecasting last week, during IBSx seminars, from residential to multi-family to remodeling. The news is good on all fronts, experts say, but not without challenges. Remodeling Residential remodeling recovered fully from the beginning of COVID-19, and spending on residential improvements will continue […]

Housing Affordability Holds Steady; Challenges Loom

Feb 9th, 2021

The most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) shows that record-low mortgage rates offset record-high home prices to keep housing affordability steady in the fourth quarter of 2020. Though affordability rates held firm, regulatory and supply-side challenges could still aggravate affordability problems in the year ahead. In all, 58.3% […]

December New Home Sales Steady

Feb 1st, 2021

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows sales of newly built, single-family homes in December rose 1.6% to an 842,000 seasonally adjusted annual rate from a downwardly revised November reading. Solid demand for new home sales in December were offset by higher home prices, […]

Single-Family Starts Leveling Off at Strong Pace in November

Dec 18th, 2020

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 […]

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