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Thursday, September 29, 2022

National Association Home Builders

New-home demand remains strong despite rising headwinds

New-home sales declined in January on rising interest rates, but still posted a steady reading as demand remains strong. Sales of newly built single-family homes in January fell 4.5 percent to an 801,000 seasonally adjusted annual rate from a sharp...

Builders workers to adjust to COVID-era buyer preferences

Home buyer preferences have continued to reverse trends in home building as builders work to respond to new interests in the wake of COVID-19, according to new data. Increased desire for bigger homes, suburban locations and more outdoor amenities are...

Which direction are new-home prices heading? Up, up, up …

The median sales price of new homes that sold across the U.S. in July stood at $390,500, up more than 18 percent from the $329,800 median sales price posted a year earlier, due to higher development costs, including materials. That’s...

Builder confidence takes a tumble … but is it temporary?

Higher construction costs and supply shortages along with rising affordability concerns pushed builder confidence to its lowest reading since July 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Aug. 17. Builder sentiment...

Inflation fears fuel housing-affordability concerns

For months, the public has been told not to worry – threats of inflation and rising mortgage-interest rates were unlikely to put a damper on the booming housing market. Maybe it’s time to worry just a little bit. Rising building-material costs...
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