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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building . NAHB reports. Thu, 10/06/2022 - 10:24. million, but a number of challenges remain for regional builders across the U.S.,

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Housing Starts Slumped in November Despite Retreating Mortgage Rates

Pro Builder

Housing Starts Slumped in November Despite Retreating Mortgage Rates. Mortgage rates fell slightly throughout November, but despite a gradual improvement in housing affordability, new housing starts and building permits posted monthly declines. November housing starts fell 0.5% Wed, 12/21/2022 - 10:47.

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Housing Starts Spring Forward in March

Pro Builder

Housing Starts Spring Forward in March. Also, builder confidence remains strong in spite of supply-side challenges, according to the NAHB/Wells Fargo Housing Market Index (HMI). Also, builder confidence remains strong in spite of supply-side challenges, according to the NAHB/Wells Fargo Housing Market Index (HMI).

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Lumber Prices Hit Record High, Threatening Housing's Momentum

Pro Builder

Lumber Prices Hit Record High, Threatening Housing's Momentum. For home builders, framers, and remodeling contractors, the impact has eroded profitability, stalled production, and led to cancelled sales contracts and all-out shut-downs of projects—all of which works against housing affordability. "We NAHB CEO Jerry Howard | Photo c.

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Housing Affordability’s Biggest Threats

Pro Builder

Housing Affordability’s Biggest Threats. The National Association of Home Builders says home price growth and rising construction costs will be the biggest threats to housing affordability this year. For multifamily, a drop in permits suggests apartment construction declines in 2021. cbroderick. Mon, 01/11/2021 - 09:29.

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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Builders Pull Back Due to Building Material Costs and Labor Issues

Pro Builder

Limited availability and rising costs of construction materials are creating a slowdown in housing production. Overall housing starts dipped 9.5% It should be noted that March housing production reached the fastest rate for combined single-family and multifamily construction in 15 years.

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