Posts Tagged ‘ existing inventory ’

Builder Confidence Continues to Climb in Face of Concerns Over Rising Rates

Jul 24th, 2023

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 […]

Single-Family Starts Improving

Jun 21st, 2023

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 […]