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Wednesday, October 5, 2022

new-home sales

Buyers of new homes try to beat interest-rate hikes

After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new-home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest-rate hike. Sales of...

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...

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...

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...

Sales of new homes drop as headwinds mount

Sales of new homes have dropped to their lowest pace in a year while prices are up nearly 20 percent from a year before, both in part for the same reason – spiking materials costs and a challenge to...

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...

Cost of building materials stymie new-home construction

Increases in the cost of building materials were one component leading to a decline in housing production in April from a month before, according to new data from the U.S. Department of Housing and Urban Development and the U.S....

Lumber prices continue to bedevil new-home industry

Soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872, according to new analysis by the National Association of Home Builders (NAHB). Further adding to...

Expert: Jobs in home-construction expected to stay strong

Looking for a job that probably will remain strong for years to come? Home construction would be one. There currently is a shortage of about 266,000 construction workers in the nation, said Robert Dietz, chief economist for the National Association...
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Q&A: Creative team details new work focused on women’s struggles

Theatre on the Run in Arlington from Oct. 14-23 will host “Unprotected,” a modern-day drama about the struggles women...
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