Posts Tagged ‘ housing affordability ’

Despite Low Builder Confidence, Door and Window Companies See Better Months Ahead

Nov 22nd, 2023

Rising mortgage rates, elevated construction costs and limited inventory have pushed housing affordability to its lowest point in more than a decade, the National Association of Home Builders (NAHB) reported. According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of July and end of […]

Builder Confidence Falls but Single-Family Starts Edge Higher

Aug 17th, 2023

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 […]

Are Government Regulations Hindering the Market for New Homes?

Jul 24th, 2023

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 […]

NAHB/Wells Fargo HMI Shows Builders “Cautiously Optimistic”

Mar 20th, 2023

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 […]

NAHB: Shift in Single-Family Home Building Toward Smaller Markets Continues

Sep 8th, 2022

The National Association of Homebuilders (NAHB) reports that new findings from its Home Building Geography Index (HBGI) show a shift in home building activity over the past 30 months. Factors in those changes include: notable slowing in large, metro urban areas as a result of initial COVID migration effects, followed by declines in housing affordability […]

NAHB: Builder Confidence Underwater After Falling for Eighth Consecutive Month

Aug 16th, 2022

The National Association of Homebuilders (NAHB) reports that builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining housing market has failed to bottom out, builder confidence in the market for […]

Builder Confidence Continues to Fall, Housing Market Reaches Inflection Point

Apr 22nd, 2022

Builder confidence in the market for newly built single-family homes moved two points lower to 77 in April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released earlier this week. It marks the fourth straight month that builder sentiment has declined, as rapidly rising interest rates combined with ongoing […]

New Priced Out Study Highlights the Housing Affordability Crisis

Mar 4th, 2021

A new study by the National Association of Home Builders (NAHB) puts a spotlight on the nation’s housing affordability crisis and illustrates how even a relatively small increase in the price of a home can prevent hundreds of thousands of households from achieving the goal of homeownership. The study found that a $1,000 increase in […]

Lumber Prices are Hammering Housing Affordability; NAHB Hopes Government Can Help

Feb 18th, 2021

The National Association of Home Builders (NAHB) reports that millions of potential home buyers are being priced out of the market thanks to soaring lumber prices, which are adding thousands of dollars to the cost of a new home and impeding the residential construction sector from moving the economy forward. The organization is hoping the […]

Housing Affordability Holds Steady; Challenges Loom

Feb 9th, 2021

The most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) shows that record-low mortgage rates offset record-high home prices to keep housing affordability steady in the fourth quarter of 2020. Though affordability rates held firm, regulatory and supply-side challenges could still aggravate affordability problems in the year ahead. In all, 58.3% […]