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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New Home Sales Plunge in June on Rising Affordability Woes

New Home Sales Plunge in June on Rising Affordability Woes New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/07/new-home-sales-plunge-in-june-on-rising-affordability-woes

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Volatile Lumber Prices Add More Than $14,000 to Home Prices

Volatile Lumber Prices Add More Than $14,000 to Home Prices According to NAHB’s recent study on regulatory costs, for items used during the construction process, the final home price will increase by 14.94% above the builder’s cost. Read More NAHB https://www.nahb.org/blog/2022/07/volatile-lumber-prices-add-more-than-14000-to-home-prices

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