Get Our Email Newsletter

Home Tags National Association of Home Builders

Tag: National Association of Home Builders

New single-family home size moves lower

Median single-family square floor area came in at 2,156 square feet, the lowest reading since the beginning of 2010.

Market slowing for custom home building

Over the last four quarters, custom housing starts totaled 178,000 homes, a nearly 13% decline compared to the prior four quarter total (204,000).

Strong quarter for single-family built-for-rent construction

Over the last four quarters, 75,000 such homes began construction, which is almost a 9% increase compared to the 69,000 estimated SFBFR starts in the four quarter prior to that period.

Builder sentiment posts 3rd consecutive monthly gain

Builder confidence in the market for newly built single-family homes climbed four points to 48 in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the highest level since August 2023.

Single-family and multifamily permits down in 2023

For 2023, the total number of multifamily permits issued nationwide reached 561,369. This is 17.4% below the December 2022 level of 679,898.
mortgage rates

Housing affordability remains near historic low level

Just 37.7% of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $96,300.

Higher rates and lack of supply continue to hamper mortgage market

The refinance market has remained dull due to most homeowners having lower rates than the current levels, while in the purchase market the lack of housing supply continues to hamper potential buyers.

Private residential construction spending grows for 3rd straight month

Spending on private nonresidential construction was up 19.1% over a year ago.

Little change for number of open construction jobs

The recent, increasing trend indicates an ongoing skilled labor shortage for the construction sector.

Builders’ top challenges for 2024

The cost and availability of labor was a significant problem to only 13% of builders in 2011. That share has increased significantly over the years, peaking at 87% in 2019.

Latest Articles

Webinars

Registration is now open for the LBM Strategies 2024 Conference