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Home Builder Sentiment Rises as Existing Home Inventory Falls

Pro Builder

Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing,” said Alicia Huey, NAHB chairman and a custom home builder and developer from Birmingham, Alabama. Builders said one-third of housing inventory is new construction, compared with historical norms of around 10%.

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Home Builders Remain Optimistic Despite Market Headwinds

Pro Builder

A lack of existing inventory is shifting buyer demand toward the new-home market, and that trend could pick up steam if interest rates stabilize in the months ahead. “A A significant amount of housing demand exists on the sidelines,” says NAHB Chairperson Alicia Huey. Single-family home construction posted a modest 1.1%

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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

The housing market may be headed straight for a post-pandemic downturn, but according to Jordan Rappaport, a senior economist at the Federal Reserve Bank of Kansas City, an uptick in single-family home building could soon follow. NAHB reports. million, but a number of challenges remain for regional builders across the U.S.,

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Home Builder Confidence Rose for the Third Consecutive Month in March

Pro Builder

Home Builder Confidence Rose for the Third Consecutive Month in March ldeakins Thu, 03/16/2023 - 11:08 A lack of existing-home inventory is forcing buyers into the new-home market. That increase could be caused by a lack of existing-home inventory, which is shifting demand to the new-home market.

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When Will the Fed’s Rate Hikes Come to an End?

Pro Builder

The Federal Reserve is continuing to tighten its monetary policy, announcing its fourth consecutive 75 basis point rate increase that will push the fed funds rate to a 15-year high, according to NAHB Eye on Housing.

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Leading the Home Building Industry: Pro Builder's 2021 Forty Under 40

Pro Builder

million and gained entitlements for 208 single-family lots for Villamar at Toscana Isles • Won six 2020 Aurora Awards • Finalist in the National Association of Home Builders’ (NAHB) Young Professional Awards • Is spearheading the predevelopment of a 2,500-acre land parcel, Wilson Grove, in Port St. Lucie, Fla. Elise Goodell, 39.