Builder confidence in the market for newly built single-family homes snapped its longest losing streak last week, rising four points for the month of January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The rebound follows 12 straight months of decline through December 2022 and the first real decrease […]

In the most recent edition of the National Association of Home Builders’ (NAHB) biweekly newsletter, Eye on the Economy, NAHB chief economist Robert Dietz provided a housing industry overview that found weaker demand is causing home prices to fall. Pointing to the recent stabilization in mortgage interest rates and an anticipated tighter monetary policy from […]