Remove Consulting Remove Inventory Remove NAHB Remove Permits
article thumbnail

Housing Outlook: Is This a Recession … or Not?

Pro Builder

“I think we can confidently say we're now in a housing recession,” says Robert Dietz, chief economist and SVP for Economics and Housing Policy for the National Association of Home Builders ( NAHB ). Residential building permits dropped by 15,594, or 10.1% NAHB Chairman’s Message: Members Urge Action on Housing Crisis.

Housing 98
article thumbnail

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. Meanwhile, single-family permits are holding their own at 417,000. Ford Harding blog.

article thumbnail

Single-Family Residential Market Faces New Challenges Ahead in 2022

Pro Builder

New home production and total sales volume will be slightly ahead of 2021, according to RCLCO Real Estate Consulting, but progress throughout the new year will still be accompanied by a fair share of challenges and wildcards. Home prices are still growing, but at a significantly slower pace than in 2021.