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Thursday, June 30, 2022

National Association of Home Builders

Builder confidence tanks on bad economic news

In another sign that the housing market is now slowing and taking the economy with it, builder confidence took a steep drop in May as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases...

Millennials flex new-found strength, look for larger homes

As the housing industry celebrated New Homes Month in April, Millennials say their housing preferences have changed due to the COVID-19 pandemic. More than a third (36%) of Millennials are now in favor of a larger home, and builders are...

Home-builders bop Biden, demand action

More than 10,000 members of the National Association of Home Builders (NAHB) joined forces to send a letter to President Biden calling on the White House to take immediate action as the growing housing affordability crisis is pushing the...

Single-family home construction starting to soften

The single-family home-construction market continued to show signs of softening in March, as permits and starts declined due to rising mortgage interest rates and ongoing supply-chain bottlenecks that continue to delay construction projects and raise home building costs. Single-family starts...

Confidence of remodelers still strong, but headwinds appear

The National Association of Home Builders’ (NAHB) NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter stands at 86 on a 0-to-100 scale, unchanged from the first quarter of 2021. The finding is a signal of residential remodelers’ confidence...

Builder confidence takes a hit on costs, rising interest rates

Ongoing lumber and building-material supply-side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment, even as buyer demand remains relatively solid. Builder confidence in the market for newly built single-family homes moved two...

Success of home-builder convention emblematic of state of industry

More than 45,000 home building professionals filled the exhibit halls of the Orange County Convention Center in Orlando as the National Association of Home Builders (NAHB) hosted the NAHB International Builders’ Show (IBS) Feb. 8-10. IBS and the Kitchen &...

Remodeler confidence remained strong to close out year

The confidence of the nation’s home remodelers ended the year in a strong position, up in the fourth quarter from a year before. The National Association of Home Builders (NAHB) released its NAHB/Royal Building Products Remodeling Market Index (RMI) for...

2021 proved very good year for new-home sales

While single-family starts dipped in December due to ongoing supply-side challenges, they still managed to post overall double-digit gains in 2021, rising 13 percent from 2020 to 2021, according to figures reported by the National Association of Home Builders...

Home-builders still upbeat, but increasingly nervous

Growing inflation concerns and ongoing supply-chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-family homes moved one point lower to 83 in January, according to...
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Vienna 180 atop district standings, will play July 4

The long-standing American Legion District 17 all-star baseball game won’t be played the morning of July 4 like so...
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