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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

After decades of underbuilding and a recent shift to remote work, Rappaport predicts that national single-family permits could eventually rise to a long-term annual rate of 1.4 NAHB reports. million, but a number of challenges remain for regional builders across the U.S.,

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Single-Family Starts Fall to Two-Year Low as Construction Costs Rise, Demand Softens

Pro Builder

Prolonged supply-chain delays, rising interest rates, and elevated construction costs have created a roadblock for single-family starts in a market desperate for new inventory. in June to a 982,000 seasonally adjusted annual rate, the slowest pace of new housing starts since June 2020, NAHB Eye on Housing reports.

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NAHB: Sales Continue to Overpower Construction Starts

Pro Builder

NAHB: Sales Continue to Overpower Construction Starts. Low interest rates, a significant housing inventory deficit, and changing views on housing have bolstered the construction industry like no other, but the demand does not meet the reality of new construction. Combined with the low level of inventory at a 3.6-month

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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.

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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.

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Single-Family Residential Market Faces New Challenges Ahead in 2022

Pro Builder

December 2021 saw a month-over-month increase in permits, starts, and completions, indicating a year of strong building ahead. Although supply constraints have been frustrating, builders understand that continuing low housing inventories and strong demand will continue to drive the industry forward throughout 2022.