The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly issued new residential construction statistics for August 2023 and the numbers point to a drop in both building permits and housing starts compared to this time last year. The numbers were down 2.7% and 14.8% respectively. Building permits, the report noted, […]

The National Association of Homebuilders (NAHB) has reported that, after steadily rising for seven consecutive months, builder confidence fell for the first time this year in August. The association points to rising mortgage rates that, according to Freddie Mac, are nearing 7%, along with “stubbornly high” shelter inflation, as having eroded housing affordability and put […]

Officials from the National Association of Home Builders (NAHB) met with members of Congress to address how they see government regulations impacting housing production and affordability. NAHB chairperson Alicia Huey told members of the House Financial Services subcommittee that the growing number of regulations and mandates supporting environmental, social and governance (ESG) policies are leading […]

The National Association of Homebuilders (NAHB) credits demand for new homes, thanks to low existing inventory, for the increase in builder confidence in the month of July. The increase comes even as mortgage rates rise, construction costs remain elevated and limited lot availability haunts the industry. The NAHB/Wells Fargo Housing Market Index (HMI) shows builder […]

A report from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau indicates that single-family starts rose to an 11-month high in May. In reporting on the change, the National Association of Homebuilders (NAHB) attributes an increase to limited existing inventory combined with solid demand and improving supply chains. According […]

The outlook among homebuilders improved in May, as production for single-family projects saw its highest rate yet in 2023. Confidence in the market for newly built single-family homes rose by five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The improvement marks a fifth straight month […]

Four U.S. senators reintroduced the Training America’s Workforce Act last week, a bill they say would make apprenticeships more responsive to industry workforce needs. For the door and window industries, that could mean more on-the-job training and classroom instruction to help take a bite out of workforce shortages. U.S. Sens. John Thune (R-S.D.), Tim Scott […]

High construction costs and elevated interest rates continue to hamper housing affordability, but March had builders showing a “cautious optimism,” as demand shifts to the new home market. Builder confidence in the market for newly built single-family homes in March rose two points to 44, according to the most recent National Association of Home Builders […]

Mortgage rates were a contributing factor that helped provide “solid” gains in builder confidence for the second consecutive month, said officials for the National Association of Homebuilders (NAHB). NAHB views recent improvement as a signal that the housing market may be turning a corner, officials said, even as builders continue to contend with high construction […]

President Joe Biden delivered his annual State of the Union address Tuesday, touting accomplishments ranging from economic recovery and record-low unemployment to a new bipartisan infrastructure law. “Two years ago, the economy was reeling,” the president told a joint session of Congress. “I stand here tonight, after we’ve created, with the help of many people […]