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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building . After decades of underbuilding and a recent shift to remote work, Rappaport predicts that national single-family permits could eventually rise to a long-term annual rate of 1.4 NAHB reports.

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Single-Family Starts Fall to Two-Year Low as Construction Costs Rise, Demand Softens

Pro Builder

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.

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

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

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NAHB: Sales Continue to Overpower Construction Starts

Pro Builder

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.

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PSMJ Resources Blog: Residential Construction Continues to Struggle

PSMJ Resources

A sluggish economy, a soft job market, a large inventory of foreclosed homes, the threat of additional foreclosures, and difficulty in obtaining financing for both potential homebuyers and for builders continue to act as a drag on the housing market. Housing starts rose 15% in September from August. In August, it advanced 1.3%

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Single-Family Residential Market Faces New Challenges Ahead in 2022

Pro Builder

December 2021 saw a month-over-month increase in permits, starts, and completions, indicating a year of strong building ahead. Although supply constraints have been frustrating, builders understand that continuing low housing inventories and strong demand will continue to drive the industry forward throughout 2022.