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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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Solutions to Housing Affordability

Pro Builder

One side was summarized by “Deregulate construction, deregulate banking, deregulate oil exploration, freeze environmental regulations, and stop raising taxes,” while the opposite end of the spectrum can be characterized by “Housing [that] enjoys government preference [if sold] only to urban, low-income families.”.

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Consumer Price Index Reaches 40-Year High

Pro Builder

over the past 12 months, impacting everything from household goods to building materials and rental costs, NAHBNow reports. Building materials in aggregate have risen 20.4% Nonetheless, builder confidence remains solid at a level of 79, per the NAHB/Wells Fargo Housing Market Index. over the last year and 31.3% Affordability.

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Federal Reserve Will Not Taper Monthly Bond Purchases Just Yet

Pro Builder

The central bank continues to monitor inflation data, including ongoing, elevated levels of commodities and building materials such as and lumber and OSB. The NAHB forecast has projected higher interest rates as the economy expands. Recall that the CPI measure of inflation reached a 13-year high in June.

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Home Builders Remain Optimistic Despite Market Headwinds

Pro Builder

A significant amount of housing demand exists on the sidelines,” says NAHB Chairperson Alicia Huey. Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they report strong pent-up demand as buyers wait for interest rates to drop.”

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Home Builder Confidence Rose for the Third Consecutive Month in March

Pro Builder

“Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory,” Alicia Huey, the NAHB chairman, said in a statement.

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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.