Departments Archives - Residential Contractor

Improve Your Marketing Strategy

Improve Your Marketing Strategy Studies show that those who are in the market for a new home will research builders online for an average of nearly two years. Read More NAHB https://www.nahb.org/blog/2023/03/how-to-improve-your-marketing-strategy

Funding for HBA Workforce Development Programs Available

Funding for HBA Workforce Development Programs Available The National Housing Endowment (NHE) wants to challenge the building industry to help build and grow new state and local partnerships and opportunities. Read More National Association of Home Builders https://www.nahb.org/blog/2023/02/funding-for-hba-workforce-development-programs-available

Single-Family Starts Edge Higher

Single-Family Starts Edge Higher Single-family housing starts posted a double-digit percentage gain in December Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2023/01/single-family-starts-edge-higher-as-multifamily-production-weakens

Boise First To See Yearly Price Drop

Boise First To See Yearly Price Drop Boise was first to the party. Now, as sales stall, inventory levels explode and prices begin to taper, Boise appears to be among the first to the hangover. Read More Deseret News https://www.deseret.com/utah/2022/10/5/23367521/housing-market-bust-bubble-crash-boise-idaho-price-decline-zillow

Another 75-Basis Point Rate Hike from the Fed Puts More Pressure on Housing

Another 75-Basis Point Rate Hike from the Fed Puts More Pressure on Housing Among the clear signs of economic slowing are just about every housing indicator, including nine straight months of declines for home builder sentiment Read More NAHB https://www.nahb.org/blog/2022/09/another-75-basis-rate-hike-from-fed-puts-more-pressure-on-housing

Builder Confidence Falls for Ninth Straight Month as Housing Slowdown Continues

Builder Confidence Falls for Ninth Straight Month as Housing Slowdown Continues Builder sentiment fell for the ninth straight month as the combination of elevated interest rates, persistent building material supply chain disruptions and high home prices continue to take a toll on affordability. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/09/builder-confidence-falls-for-ninth-straight-month-as-housing-slowdown-continues

Single-Family Lot Values Reach Record Highs

Single-Family Lot Values Reach Record Highs Lot values for single-family detached housing starts in 2021 increased across the nation, with the national value and six out of nine Census division values setting new records. Read More NAHB https://www.nahb.org/blog/2022/09/lot-values-set-new-records

With NAHB Support, a Big Win in the Electrical Code Over Nuisance Tripping

With NAHB Support, a Big Win in the Electrical Code Over Nuisance Tripping A coalition of HVAC manufacturers and home builders has won an appeal to remove certain requirements in the 2020 National Electric Code (NEC) that were causing air conditioner units… Read More NAHB https://www.nahb.org/blog/2022/09/big-win-in-the-electrical-code-over-nuisance-tripping

Housing Recession Deepens

Housing Recession Deepens Rising mortgage rates, high inflation, low existing inventory and elevated home prices caused housing affordability to fall to its lowest point since the Great Recession in the second quarter of 2022. Read More NAHB https://www.nahb.org/blog/2022/08/housing-recession-deepens

New Home Sales Fall to Lowest Pace in More than Six Years

New Home Sales Fall to Lowest Pace in More than Six Years The tepid sales pace matches declining builder confidence since the beginning of the year as the industry grapples with supply chain disruptions that are delaying new home building projects and raising housing costs as mortgage interest rates increased. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/08/new-home-sales-fall-to-lowest-pace-in-more-than-six-years