Pro Builder
MARCH 8, 2022
million households with an estimated median price of $412,506 in 2022 and the recent 30-year fixed-rate mortgage rate of 3.5%, reports NAHB’s Eye on Housing. New NAHB 2022 Priced-Out Estimates showed that 87.5 Housing Policy + Finance. Housing Policy + Finance. Roughly 87.5 Market Data + Trends.
Pro Builder
OCTOBER 31, 2022
The share of cash purchases has climbed steadily for each of the past three quarters to reach a 20-year high, while new home sales financed through FHA are falling. Conventional loans continued to dominate home financing in the third quarter, accounting for 77.6% Financing. Census Bureau. New-Home Sales.
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Construction Superintendent Magazine
AUGUST 15, 2016
“Nonresidential construction spending growth will continue into the next year with an estimated increase in the range of 3 to 4 percent,” said Basu. Growth will continue to be led by privately financed projects, with commercial construction continuing to lead the way.
Pro Builder
MARCH 20, 2023
ldeakins Mon, 03/20/2023 - 11:08 Soaring interest rates are pricing a growing number of Americans out of the new-home market, and that share is expected to keep rising as the Fed sends borrowing costs even higher NAHB’s latest 2023 Priced-Out Estimates reveal that 96.5 Read more Affordability Financing New-Home Sales Affordability
Pro Builder
SEPTEMBER 15, 2022
Analysts are adjusting their 2023 home price estimates down and both the National Association of Home Builders and National Association of Realtors are calling the severe decline a “housing recession.” Housing Policy + Finance. housing market into a sharp slowdown. head of research at John Burns Real Estate Consulting, tells Fortune.
Pro Builder
MAY 26, 2021
Lumber prices alone are increasing new construction costs by $36,000 on average, according to NAHB estimates. These costs are pricing out buyers, especially on the lower end of the market. A year ago, 45% of new home sales were priced below $300,000. In April 2021, only 27% of new home sales were priced below $300,000. Read More. .
Pro Builder
MARCH 10, 2021
NAHB Research Finds 40.1 To determine affordability, NAHB calculated the sum of mortgage payments, property taxes, homeowners, and private mortgage insurance premiums, which should not exceed 28% of the household income. Million Households Cannot Afford $175,000 Home. cbroderick. Wed, 03/10/2021 - 09:25. In 2021, about 21.1 Another 19.0
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