Tag: NAHB
NAHB foresees modest recession next year
Higher interest rates will slow housing and business investment, acting as a drag on economic growth.
Single-family construction growth slowing in large suburbs
Micro counties, or small towns, were the only category to post an increase in growth.
Builder confidence plunges on interest rate hikes, growing affordability woes
This is the fifth straight month that builder sentiment has declined and the lowest reading since June 2020.
New home sales fall 8.6% in March
Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower.
Residential construction spending on the rise
Total private residential construction spending was 16.6% higher than a year ago.
New home sales dip in February
Higher mortgage rates and construction costs pushed new home sales lower in February.
Custom home building sees solid gain in 2021
Custom home building expanded by 10.8% in 2021 amid strong demand for move-up purchases given a rise in existing home equity.
Remodeling demand remained strong in 2021 despite supply chain problems
Lumber prices continued to move higher—up 218% in the past five months to $1,238 per thousand board feet.Â
NAHB backs legislation to ease supply chain disruptions
The legislation would address "longstanding, systemic supply chain and port disruption issues for lumber and other building materials."
New home sales post solid December gain
Driven by strong buyer demand and the expectation of higher mortgage rates, new home sales ended the year on a strong note.