Pro Builder

APRIL 19, 2023

A lack of existing inventory is forcing prospective buyers into the new-home market and boosting home builder optimism for future projects. Although builders are still contending with shortages in material supply, the NAHB's overall homebuilder confidence reading rose to 45, as mortgage rates continue to slide down and boost demand. "For

NAHB 94

NAHB Inventory Housing Materials 94

Pro Builder

FEBRUARY 6, 2023

Along With an Affordability Crisis, Buyers Face an Aging Housing Stock ldeakins Mon, 02/06/2023 - 10:35 Prospective buyers searching for new homes are instead finding a growing inventory of for-sale properties that are 40 years or older The U.S. The median age of owner-occupied homes in the U.S. New construction added nearly 8.3

Housing 52

Housing Inventory NAHB Remodeling 52

Pro Builder

SEPTEMBER 24, 2021

Next Year’s Housing Market Will Be Boring. While supply-chain problems and some inventory constraints are likely to persist into next year, both buyers and builders seemed to be getting more comfortable with the current environment. Fri, 09/24/2021 - 10:42.

Housing 105

Housing NAHB Inventory Bidding 105

Pro Builder

FEBRUARY 16, 2021

Record-High Lumber Prices Stifle Builders and Housing Affordability. NAHB continues to request assistance from the White House in requesting domestic lumber producers to ramp up production and end tariffs for Canadian lumber shipments. RELATED: Lumber Prices Hit Record High, Threatening Housing's Momentum. cbroderick.

Housing 66

Housing NAHB Inventory Materials 66

Pro Builder

AUGUST 3, 2022

Why You Need a Backup Plan for a Housing Market in Flux. With rising interest rates, unmet demand, and record-high home sales prices, having a Plan B (and maybe even a Plan C) can help home builders weather a fluctuating housing market . There’s turbulence in the housing market. The Housing Price – Mortgage Rate Dynamic.

Housing 92

Housing Plans Inventory Equity 92

Pro Builder

NOVEMBER 9, 2021

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. The NAHB is estimating that 740,000 workers will need to be hired each year for the next three years to keep up with market demand. Tue, 11/09/2021 - 09:33.

Inventory 98

Inventory NAHB Employment Estimating 98

Pro Builder

APRIL 4, 2023

Construction Job Openings Fell in February ldeakins Tue, 04/04/2023 - 10:51 As the housing market cools, construction job openings are trending lower, but hiring and recruiting skilled laborers remains a top priority for most construction firms After an elevated 11.2 The construction job openings rate decreased to 4.9% rate in February.

Construction 97

Construction NAHB Remodeling Inventory 97

Pro Builder

APRIL 1, 2022

Americans Hindered by Low Housing Affordability Want Action From Policymakers. Over 75% of all Americans are impacted by a lack of affordable housing, and they're growing impatient with seemingly apathetic policymakers. The nation needs more housing and Americans want the federal government to support more new home production.

Housing 52

Housing Finance NAHB Inventory 52

Pro Builder

FEBRUARY 19, 2021

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Built-for-rent homes are a way to add more affordable options to the housing stock, especially now as more Americans desire larger homes and single-family options, says the National Association of Home Builders. cbroderick. Fri, 02/19/2021 - 09:43. Read More. .

Inventory 52

Inventory NAHB Statistics Estimating 52

Pro Builder

OCTOBER 6, 2022

The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building . NAHB reports. Fed Economist Forecasts Uptick in Single-Family Construction. Thu, 10/06/2022 - 10:24. million, but a number of challenges remain for regional builders across the U.S.,

Forecasting 98

Forecasting Kansas City NAHB Permits 98

Pro Builder

MARCH 7, 2022

The construction industry added 60,000 jobs in February and recorded its fastest rate of wage growth in 40 years in an effort to accelerate residential projects and add more affordable housing to a supercharged market, Insider reports. If the homebuilding sector welcomes more workers, it could relieve the housing market of affordability woes.

Inventory 98

Inventory NAHB Compensation Construction 98

Pro Builder

OCTOBER 27, 2022

The share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of 2022 after bottoming out at 19% in the first quarter of the year, NAHB Eye on Housing reports. From the Q2 to Q3 2022, the total share of prospective buyers looking to purchase a new home rose in all four regions of the U.S.,

Inventory 98

Inventory NAHB Construction Housing 98

Pro Builder

FEBRUARY 17, 2022

Though current sales conditions are strong following a one point increase according to the NAHB Housing Market Index (HMI), builder sentiment fell in February as a result of heightened construction costs and ongoing supply chain impediments. Inventory is down 27.5% Housing Markets. Week-over-week; New Record Low.

Inventory 52

Inventory NAHB Housing Construction 52

Pro Builder

MAY 28, 2020

A first quarter report by NAHB shows that the median single-family square floor area increased. New single-family home size has trended lower over the last four years as builders sought to add additional entry-level supply to an inventory-starved housing market.

NAHB 105

NAHB Inventory Office Housing 105

Pro Builder

JULY 17, 2020

The NAHB/Wells Fargo Housing Market Index, which tracks builder sentiment, considers anything over 50 to be positive. Builders are seeing strong traffic and lots of interest in new construction as existing home inventory remains lean,” said NAHB Chairman Chuck Fowke, a builder from Tampa, Florida.

NAHB 98

NAHB Tampa Inventory Florida 98

Pro Builder

JULY 7, 2022

in May, NAHB Eye on Housing reports. Still, the construction industry is actively recruiting skilled laborers to add inventory to a largely undersupplied market. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. rate in May.

Inventory 52

Inventory NAHB Construction Remodeling 52

Pro Builder

MARCH 28, 2022

NAHB’s recent study, What Home Buyers Really Want, 2021 Edition, unveils the most popular home features for first-time buyers, and topping the list are spacious kitchen amenities like double sinks and walk-in pantries, NAHB Eye on Housing reports.

NAHB 98

NAHB Inventory Housing Design 98

Pro Builder

FEBRUARY 18, 2021

According to the National Association of Home Builders and Wells Fargo Housing Market Index, builder sentiment increased by 1 point to 84 this month. To put it in perspective, any number above 50 can be considered positive and last February, confidence reached 74.

NAHB 98

NAHB Residential Inventory Housing 98

Pro Builder

NOVEMBER 3, 2022

As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve . Housing Policy + Finance. Given this intended policy stance, a hard landing with a mild economic recession is, in our view, highly likely. for the federal funds rate.

Finance 52

Finance DOT NAHB Housing 52

Pro Builder

OCTOBER 5, 2022

economy, NAHB Eye on Housing reports. The count of open construction jobs rose from 353,000 in July to 407,000 in August, which, despite slowing housing data, is actually higher than the 362,000 estimate from a year ago. The total share of open, unfilled jobs fell 10% in August from almost 11.2 million to 10.05 rate in August.

NAHB 52

NAHB Inventory Housing Estimating 52

Pro Builder

NOVEMBER 3, 2020

The share of prospective buyers who plan to expand their search area also grew from 35% last year to 45% now, reflective of the sparse housing inventory. The one thing long-term active buyers are less likely to do than a year ago is continue looking for the ‘right’ home in the same preferred location, down from 52% to 47%.

NAHB 86

NAHB Inventory Budgeting Budget 86

Pro Builder

MAY 13, 2022

Middle-class Americans are being priced out of the housing market at an unprecedented pace . of middle-class locals could afford home purchases with the median home list price of $190,000, making the Michigan capital one of the most affordable housing markets in the U.S. Housing Markets. Housing Markets. Just 48.7%

Los Angeles 52

Los Angeles San Francisco Michigan California 52

Pro Builder

JULY 21, 2022

The pace of single-family housing starts is slowing, but over 800,000 homes are currently under construction across the U.S. Prolonged supply-chain delays, rising interest rates, and elevated construction costs have created a roadblock for single-family starts in a market desperate for new inventory. Thu, 07/21/2022 - 10:22.

NAHB 52

NAHB Construction Housing Inventory 52

Pro Builder

JUNE 17, 2020

In the largest monthly increase ever in NAHB/Wells Fargo Housing Market Index, builder sentiment jumped a whopping 21 points in June to 58, according to CNBC. Pent-up demand, low interest rates, and stable housing prices are a perfect storm for a successful summer season as long as the pandemic is kept at bay.

NAHB 52

NAHB Industrial New Jersey Inventory 52

Pro Builder

APRIL 25, 2022

The share of prospective buyers actively looking for a home dropped significantly from 2021 to 2022 as mortgage rates continue to rise and inventory drops to a new low. The share of active house hunters dropped in all four regions across the U.S., Housing Markets. Mon, 04/25/2022 - 10:21. New-Home Sales. Market Data + Trends.

NAHB 52

NAHB Inventory Housing Plans 52

Pro Builder

AUGUST 6, 2021

The National Association of Home Builders says building material costs, high demand, and low inventory have pushed home prices up by tens of thousands of dollars. The NAHB/Wells Fargo Housing Opportunity Index found 63.1% The share of homes affordable to families earning the U.S. from April to the end of June. Pittsburgh, Pa.

Income 52

Income NAHB Metro Inventory 52

Pro Builder

JANUARY 25, 2022

NAHB Chairman's Letter: Americans Want Action on Housing Affordability. A recent survey conducted by polling firm Morning Consult on behalf of the National Association of Home Builders shows strong support for policies that would make housing affordable for more Americans. Chuck Fowke, NAHB 2021 Chairman.

NAHB 98

NAHB Housing Regulation Consulting 98

Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98

Housing Inventory NAHB New York City 98

Pro Builder

AUGUST 3, 2020

NAHB New Chair to Tackle Regulation and Promote Trades. Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. NAHB Housing Policy Briefing. We strive to meet the housing needs of families across the economic spectrum,” Fowke says. New Single-Family Home Inventory.

NAHB 98

NAHB Regulation Florida Inventory 98

Pro Builder

DECEMBER 1, 2020

New-Home Inventory at Three-Year Low as Sales Outpace Construction. The historic margin of new-home sales versus construction starts from the end of summer are continuing to affect overall new-home inventories. Inventories for new homes are now at a three-year low. cbroderick. Tue, 12/01/2020 - 10:47. Sales are up 20.6%

Inventory 85

Inventory NAHB Construction Housing 85

Pro Builder

NOVEMBER 2, 2020

NAHB: Sales Continue to Overpower Construction Starts. From springtime until now, the housing market has had a dramatic few months. The housing market is already beginning to adjust to this notable gap between sales and construction, as the growth rate for new home sales saw a 3.5% cbroderick. Mon, 11/02/2020 - 10:37.

NAHB 52

NAHB Inventory Permits Construction 52

Green Home Design Architect

NOVEMBER 11, 2009

November 5, 2009 - The National Association of Home Builders (NAHB) today applauded Congress for passing legislation that will extend and expand the $8,000 first-time home buyer tax credit, stating that this will provide a much-needed boost to the fragile housing market and economy. “We It is also expected to generate $9.6

NAHB 40

NAHB Tulsa Income Claims 40

Pro Builder

AUGUST 9, 2021

The Housing Market's Two Biggest Challenges. Dietz says the media has blamed builders limiting sales due to lack of inventory and higher construction costs and that rising home prices have kicked many buyers out of the market. cbroderick. Mon, 08/09/2021 - 09:53. New-home sales remained 13.5% Read More. . Market Data + Trends.

Housing 52

Housing NAHB Inventory Forecasting 52

Pro Builder

MAY 6, 2023

Research by economists at the National Association of Home Builders ( NAHB ) indicates that the home building industry requires almost 2.2 million new hires over the next three years to keep pace with growth in housing demand and attrition within its labor force. The inventory of new single-family homes fell 9.5% Census Bureau.

NAHB 95

NAHB Puerto Rico Foundation Construction 95

Pro Builder

SEPTEMBER 12, 2022

On the Cusp of a Recession, Housing Costs Are Soaring. housing market could be moving full steam ahead into a recession after years of record growth. As the housing market continues to cool after years of red-hot home sales, recession concerns are causing a growing number of buyers to hold off on home purchases. Housing Markets.

Housing 52

Housing Bargains NAHB Inventory 52

Pro Builder

JUNE 1, 2021

NAHB says regulatory costs are one of the biggest factors limiting housing construction. The estimate of $41,330 in regulatory costs incurred during development is based largely on the “Land Developer Survey on Regulatory Costs” conducted by NAHB in March of 2021. Read More. . Construction. Planning + Development. Economics.

NAHB 98

NAHB Estimating Accounting Housing 98

Pro Builder

APRIL 30, 2021

Current Housing Price Growth 'Not Sustainable'. While the housing market’s boom can be justified, there are a handful of trends resulting from low inventory and high demand that are not sustainable. The best means of protecting housing affordability is to boost inventory by increasing new home construction.

Sustainability 52

Sustainability Housing Inventory NAHB 52