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Tuesday, November 29, 2022

National Association of Home Builders

Housing starts tumble as economic headwinds grow

Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production. Overall housing starts decreased 4.2 percent to a seasonally adjusted...

Housing affordability continues to tumble

Housing affordability has fallen to its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012, as rising mortgage rates, ongoing building-material supply-chain disruptions, high inflation and elevated home prices...

Home-builders bummed as market conditions deteriorate further

Mortgage rates approaching 7 percent along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built,...

Home-builder confidence continues to be depressed

In a further signal that rising interest rates, building-material bottlenecks and elevated home prices continue to weaken the housing market, builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest...

Remodelers still upbeat, but confidence is waning

Those in the nation’s remodeling industry remain confident about the future but are not immune from the impact of present-day economic concerns, new data suggest. The National Association of Home Builders (NAHB) has released its NAHB/Westlake Royal Remodeling Market Index...

Home-builders bracing for even more troubled times

The new-construction market is being hit hardest in the current housing-economic environment, and despite a brief decline in mortgage rates that boosted new-home sales in August, sales are expected to move on a downward trend in the months ahead...

Home-builder confidence takes yet another tumble

In another sign that the slowdown in the housing market in not going away soon, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent building-material supply-chain disruptions and high home...

Home-building continues to shift away from densely populated areas

New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show a shift in home building activity over the past 30 months, with notable slowing in large, metro urban areas as a result of...

Home-builder confidence declines further on economic woes

In another sign that a declining housing market has failed to bottom out, builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the first time since May 2020 that the...

Confidence of remodelers still strong, but waning

Confidence for current and future conditions among those in the remodeling industry took a tumble in the second quarter of 2022, but still remains in relatively positive territory. The National Association of Home Builders (NAHB) has released its NAHB/Westlake Royal...
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Newly selected economic-development czar is a neighbor

It’s another national search that ended up with a new department head coming from very close to home. Arlington County...
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