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
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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
Read MoreSingle-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
Read MoreWith 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
Read MoreHousing 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
Read MoreNew 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
Read MoreConstruction 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
Read MoreBuilder 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
Read MoreChanges 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
Read MoreTreasury Will Help Multifamily Builders Boost Production Through LIHTC
Treasury Will Help Multifamily Builders Boost Production Through LIHTC The Treasury plan allows state housing agencies to use State and Local Fiscal Recovery Funds (SLFRF) to provide financing for Low-Income Housing Tax Credit (LIHTC) projects. Read More NAHB https://www.nahb.org/blog/2022/07/treasury-lihtc
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