article thumbnail

Home Builder Sentiment Reaches Pre-Pandemic Levels

Pro Builder

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. Construction. All indexes experienced growth, surpassing the 50 point mark. CORONAVIRUS: RESOURCES AND INFORMATION.

NAHB 98
article thumbnail

How Multifamily Builders Can Benefit From Single-Family Boom

Pro Builder

Builders are especially busy with nearly all standing inventory sold, so new-home buyers must wait nine to 12 months before their homes are even constructed. Here are some examples from across the country: Wesley Chapel (Tampa MSA). Renting where that new home will be could be ideal.

Tampa 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

leads the market with 5,500 homes under construction in 2023, followed by Dallas (4,400 units), and Houston, Texas (2,600 units). increased its inventory by 380 percent, going from having 382 single-family rentals in 2017 to 1,834 rentals in 2022. 265%), and Tampa, Fla. Where Are Build-For-Rent Homes Being Built Most?

Phoenix 102
article thumbnail

NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. Now more than ever, I encourage young people to consider a career in the construction trades,” he says. He has also served as president of the Tampa Bay Builders Association (TBBA) and the Florida Home Builders Association (FHBA). Leadership.

NAHB 98
article thumbnail

Land Demand ‘On Fire’ Across the Country

Pro Builder

While some markets such as Phoenix, Tampa, and Riverside-San Bernardino are seeing the most demand, land demand remains strong across the country. The land shortages, combined with extended build cycle times, mean many builders are restricting sales to align with lot availability and construction capacity.

article thumbnail

Builder Confidence Remained Steadily Positive in April

Pro Builder

CNBC reports that builders continue to receive a steady stream of buyers, due largely to the record low housing inventory and mortgage rates. But construction material costs are up 12%, according to the National Association of Home Builders. Construction. Construction. Any number above 50 is seen as positive.

Tampa 52
article thumbnail

Homebuilder Confidence Surges From Increased Buyer Demand

Pro Builder

Current sale conditions and buyer traffic both increased 3 points, but without much available land, builders will face more construction challenges in the months ahead. The solid market for home building continued in November despite ongoing supply-side challenges,” said NAHB Chairman Chuck Fowke, a homebuilder from Tampa, Florida.

NAHB 52