A recent National Association of Homebuilders (NAHB) analysis of the Census Construction Spending data shows that private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $938.2 billion in May. That’s up 0.2% over the upwardly revised April estimates of $935.9 billion. On a year-over-year basis, total private construction spending was 19% […]

As homebuilders continue to face challenges when it comes to labor shortages, lot prices and increasing costs for materials, officials from the National Association of Home Builders (NAHB) say they’re also seeing decreases in single-family sales. In the meantime, a survey of NAHB members indicates that builders are packing up and moving to the exurbs, […]

June is National Homeownership Month, and officials for the National Association of Home Builders (NAHB) say its members are urging Congress to address one of American’s biggest deterrents from celebrating: affordability. “Removing regulatory barriers that contribute to the increased costs of housing will pave the way to homeownership,” says NAHB chairman Greg Ugalde, a builder […]

Newly built single-family home sales dropped to a seasonally adjusted annual rate of 553,000 units according the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The National Association of Home Builders (NAHB) reports this is the lowest sales pace since December 2016. Although based on a year-to-date basis, single-family sales are […]

Declines in both single- and multifamily starts pushed nationwide housing production down 6.5 percent in May to a seasonally adjusted annual rate of just over 1 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. However, single-family permits, which can be an indicator […]