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
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
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
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