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

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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

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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

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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

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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

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Construction Labor Market Cools in June

Construction Labor Market Cools in June The construction labor market is cooling off as economic activity slows in response to tighter monetary policy, according to the latest job openings data from the Bureau of Labor Statistics. Read More NAHB https://www.nahb.org/blog/2022/08/construction-labor-market-cools-in-june

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Builder Confidence Underwater After Falling for Eighth Consecutive Month

Builder Confidence Underwater After Falling for Eighth Consecutive Month Builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the first time since May 2020 that the index fell below the key break-even measure of 5o. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/08/builder-confidence-underwater-after-falling-for-eighth-consecutive-month

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Changes Made to Democrats’ Inflation Reduction Act; Work Continues to Improve Bill

Changes Made to Democrats’ Inflation Reduction Act; Work Continues to Improve Bill Although the bill does include positive provisions for housing, NAHB believes that overall the bad outweighs the good, despite the 11th hour changes to the legislation that NAHB helped to push through. Read More NAHB https://www.nahb.org/blog/2022/08/changes-made-to-democrats-flawed-inflation-reduction-act

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