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
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
Read MoreNew 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
Read MoreVolatile 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
Read MoreHousing Begins to Slow as Financial Conditions Tighten
Housing Begins to Slow as Financial Conditions Tighten Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment. Read More NAHB https://www.nahb.org/blog/2022/07/housing-begins-to-slow
Read MoreWhat Does the Fed’s Rate Hike Mean for Housing?
What Does the Fed’s Rate Hike Mean for Housing? Mortgage interest rates are closing in on 6% and will continue to climb as further tightening is expected throughout the year. Read More NAHB https://www.nahb.org/blog/2022/06/what-the-fed-rate-hike-means-for-housing
Read MoreBuilding Product Use and Purchasing Behaviors in a Post-Pandemic Market
Building Product Use and Purchasing Behaviors in a Post-Pandemic Market Supply chain issues and pricing challenges are increasingly driving builders, remodelers and home owners to seek out and use alternative products. Read More NAHB https://www.nahb.org/blog/2022/06/building-product-use-and-purchasing-behaviors
Read MoreUpcoming Changes to Efficiency Standards for AC Units and Heat Pumps
Upcoming Changes to Efficiency Standards for AC Units and Heat Pumps On Jan. 1, 2023, new minimum efficiency standards for air conditioners and heat pumps will go into effect across the United States. Read More NAHB https://www.nahb.org/blog/2022/05/upcoming-changes-efficiency-standards-ac-units-heat-pumps
Read MoreNAHB Announces Best of 55+ Builder of the Year and For-Sale Community of the Year
NAHB Announces Best of 55+ Builder of the Year and For-Sale Community of the Year Traditions of America has served the 55+ market for 25 years, focusing exclusively on age-qualified communities. Read More NAHB https://www.nahb.org/blog/2022/05/nahb-announces-best-of-55-builder-of-the-year-and-for-sale-community-of-the-year
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