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 MoreCategory: Departments
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
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
Read MoreKansas Governor Signs Affordable Housing Bill
Kansas Governor Signs Affordable Housing Bill House Bill 2237 will create incentives for developers to construct more affordable housing, particularly for rural areas, by providing state income tax credits. Read More NAHB https://www.nahb.org/blog/2022/05/kansas-affordable-housing-bill
Read MoreFed Raises Interest Rates by Half a Percentage Point
Fed Raises Interest Rates by Half a Percentage Point Following a 25 basis point increase in March, the Fed approved a further 50 basis points increase for the federal funds target rate, the largest increase for the rate in more than two decades. Read More Eye On Housing https://eyeonhousing.org/2022/05/the-fed-commits-to-aggressive-tightening-of-monetary-policy/?_ga=2.249580358.1767329249.1651764310-541414091.1649979223
Read MoreAre Institutional Investors Taking a Chunk Out of the For-Sale Housing Market?
Are Institutional Investors Taking a Chunk Out of the For-Sale Housing Market? Purchases by institutional investors or private firms of for-sale and for-rent units to rent or flip to sell for higher prices are potentially making first-time homeownership more challenging. Read More Builder and Developer Magazine https://www.nahb.org/blog/2022/04/are-institutional-investors-taking-a-chunk-out-of-the-for-sale-housing-market
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