Posts Tagged ‘ National Association of Home Builders (NAHB) ’

NAHB Announces Best of IBS Winners, Including Door Stud LLC

Feb 6th, 2023

The National Association of Home Builders (NAHB) named the winners in its 10th annual Best of IBS Awards. Awards were presented during a ceremony on the final day of the association’s International Builders Show (IBS) in Las Vegas, including two for Door Stud LLC. “As a builder and consumer, I was very impressed to see […]

Home Builders Institute Appoints Patenaude to Board Chair, Signals Focus on Housing Policy Changes

Feb 1st, 2023

The Home Builders Institute (HBI) has announced the appointment of Pamela Hughes Patenaude as chair of the nonprofit organization’s board of trustees. “Pam Patenaude is one of the nation’s most respected leaders in housing,” said Ed Brady, president and CEO of HBI, at its winter meeting. “Her appointment comes at a time when ending the […]

After a Year of Decline, Builder Confidence Shows Signs of Rebound

Jan 23rd, 2023

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 […]

Elevate Halts Purchase of Kentucky Facility but Maintains Strategic Direction

Jan 12th, 2023

While inflation and associated market conditions have thrown a wrench into the company’s plan to purchase a building in Hopkinsville, Ky., Elevate Windows and Doors remains “100% committed” to entering the Kentucky-Tennessee corridor, says CEO James Gresham. Gresham says Elevate is currently pursuing other options, such as leasing space—a move that would still give the […]

New Home Sales Up in November

Jan 4th, 2023

Data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau just before Christmas shows that sales of newly built, single-family homes in November increased 5.8% to a seasonally adjusted annual rate of 640,000. At the same time, on a year-to-date basis, new home sales are down 15.2%. The National […]

December HMI Shows Continued Slide in Builder Confidence

Dec 22nd, 2022

The National Association of Home Builders (NAHB)/Wells Fargo Home Mortgage Housing Market Index (HMI), published this week, shows numbers continuing to slide across most sectors. The overall preliminary December HMI dropped to 31, from November’s revised number of 33, indicating that builder confidence remains the less-than-positive. The NAHB attributes high mortgage rates, elevated construction costs […]

Interest Rates Shaping Home Sales

Dec 6th, 2022

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 […]

Confidence in Single-Family Housing Contraction Continues in October

Nov 21st, 2022

The National Association of Home Builders (NAHB) points to continued elevated interest rates, high building material costs and declining affordability conditions pushing buyers to the sidelines as the source of the continued drag on builder sentiment. NAHB recorded the lowest confidence reading since June 2012 with the exception of the onset of the pandemic in […]

Help is on the way for the Door and Window Industry

Oct 25th, 2022

October has been an exciting month for the future of the residential door and window industry as young people from throughout the country try their hand at the trades. From Massachusetts to Oregon, educational institutions are buying in and highlighting alternative career paths for students. Higher housing costs, increased home prices, difficulty completing projects on […]

NAHB: Builder Confidence Continues Downward Slide, Housing Market Continues to Weaken

Oct 20th, 2022

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest level since 2012 (excluding the two-month period in the spring of 2020 at the beginning of the pandemic). The association attributes the […]