Pro Builder

NOVEMBER 2, 2020

NAHB: Sales Continue to Overpower Construction Starts. Low interest rates, a significant housing inventory deficit, and changing views on housing have bolstered the construction industry like no other, but the demand does not meet the reality of new construction. Combined with the low level of inventory at a 3.6-month

NAHB 52

NAHB Inventory Permits Construction 52

Pro Builder

APRIL 19, 2023

A lack of existing inventory is forcing prospective buyers into the new-home market and boosting home builder optimism for future projects. Although builders are still contending with shortages in material supply, the NAHB's overall homebuilder confidence reading rose to 45, as mortgage rates continue to slide down and boost demand.

NAHB 98

NAHB Inventory Housing Materials 98

Pro Builder

FEBRUARY 2, 2021

Despite Low Inventory, Buyers are Positive About Housing Availability. NAHB says this change can be attributed to the number of homes sold in 2020, which topped every other year since 2006. cbroderick. Tue, 02/02/2021 - 09:12. Read More. . Market Data + Trends. Market Data + Trends.

Inventory 51

Inventory Housing NAHB 51

Pro Builder

APRIL 19, 2023

A lack of existing inventory is forcing prospective buyers into the new-home market and boosting home builder optimism for future projects. Although builders are still contending with shortages in material supply, the NAHB's overall homebuilder confidence reading rose to 45, as mortgage rates continue to slide down and boost demand.

NAHB 94

NAHB Inventory Housing Materials 94

Pro Builder

FEBRUARY 19, 2021

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. As measured for this analysis, this class of single-family construction excludes homes that are sold to another party for rental purposes, which NAHB estimates may represent another two percent of single-family starts. cbroderick. Fri, 02/19/2021 - 09:43. Read More. .

Inventory 52

Inventory NAHB Statistics Estimating 52

Pro Builder

NOVEMBER 9, 2021

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. The NAHB is estimating that 740,000 workers will need to be hired each year for the next three years to keep up with market demand. A lack of skilled construction workers is delaying multifamily projects.

Inventory 98

Inventory NAHB Employment Estimating 98

Pro Builder

MAY 18, 2021

While low existing home inventory, mortgage rates, and a growing number of prospective buyers keep builder confidence up, building material costs threaten affordability and availability. NAHB says home prices will continue to rise through 2021. Building Material Costs are Top Concern Despite Builder Confidence. cbroderick.

Materials 77

Materials NAHB Inventory Residential 77

Pro Builder

MARCH 20, 2023

A lack of existing inventory is shifting buyer demand toward the new-home market, and that trend could pick up steam if interest rates stabilize in the months ahead. “A A significant amount of housing demand exists on the sidelines,” says NAHB Chairperson Alicia Huey. Single-family home construction posted a modest 1.1%

Inventory 96

Inventory NAHB Banking Housing 96

Pro Builder

OCTOBER 27, 2022

The share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of 2022 after bottoming out at 19% in the first quarter of the year, NAHB Eye on Housing reports. From the Q2 to Q3 2022, the total share of prospective buyers looking to purchase a new home rose in all four regions of the U.S.,

Inventory 98

Inventory NAHB Construction Housing 98

Pro Builder

APRIL 4, 2023

in December 2022, suggesting that the construction labor market may have peaked in 2022 and is now entering a cooling stage as the overall housing market weakens, NAHB Eye on Housing reports. The construction job openings rate decreased to 4.9% in February after a data series high of 5.8% rate in February.

Construction 97

Construction NAHB Remodeling Inventory 97

Pro Builder

OCTOBER 6, 2022

NAHB reports. Rebounding construction could lead to supply constraints as well as exacerbate an existing shortage of skilled labor, construction materials, and ready-to-build lots, though long-term inventory growth is necessary to resolve an ever-widening housing affordability crisis. .

Forecasting 98

Forecasting Kansas City NAHB Permits 98

Pro Builder

MARCH 7, 2022

Though housing affordability remains at a historic low amid heightened buyer demand, a stronger labor market could create an influx of new inventory and ease record price gains. . This is because as more homes are introduced to the market, homebuyers will have to compete less for available inventory. Labor + Trade Relations.

Inventory 98

Inventory NAHB Compensation Construction 98

Pro Builder

NOVEMBER 5, 2021

is reaching a crisis level, says the NAHB, but in order to meet rising consumer demands, 740,000 new workers will need to be hired per year for the next three years despite a gain of just over 100,000 in the past year. . A skilled labor shortage across the U.S.

Housing 119

Housing NAHB United States Inventory 119

Pro Builder

MARCH 16, 2023

Home Builder Confidence Rose for the Third Consecutive Month in March ldeakins Thu, 03/16/2023 - 11:08 A lack of existing-home inventory is forcing buyers into the new-home market. That increase could be caused by a lack of existing-home inventory, which is shifting demand to the new-home market.

Inventory 52

Inventory NAHB Banking Deals 52

Pro Builder

MAY 28, 2020

A first quarter report by NAHB shows that the median single-family square floor area increased. New single-family home size has trended lower over the last four years as builders sought to add additional entry-level supply to an inventory-starved housing market. For the past four years, new single-family homes have been shrinking.

NAHB 105

NAHB Inventory Office Housing 105

Pro Builder

JUNE 1, 2021

NAHB says regulatory costs are one of the biggest factors limiting housing construction. The estimate of $41,330 in regulatory costs incurred during development is based largely on the “Land Developer Survey on Regulatory Costs” conducted by NAHB in March of 2021. Read More. . Construction. Planning + Development. Economics.

NAHB 98

NAHB Estimating Accounting Housing 98

Pro Builder

FEBRUARY 16, 2021

NAHB continues to request assistance from the White House in requesting domestic lumber producers to ramp up production and end tariffs for Canadian lumber shipments. One NAHB member says the price of an identically-sized home increased from $35,000 last year to $71,000 this year. NAHB Addresses Rising Lumber Prices, Builder Concerns.

Housing 66

Housing NAHB Inventory Materials 66

Pro Builder

FEBRUARY 17, 2022

Though current sales conditions are strong following a one point increase according to the NAHB Housing Market Index (HMI), builder sentiment fell in February as a result of heightened construction costs and ongoing supply chain impediments. Inventory is down 27.5% Existing supply is still at record lows.

Inventory 52

Inventory NAHB Housing Construction 52

Pro Builder

FEBRUARY 6, 2023

Along With an Affordability Crisis, Buyers Face an Aging Housing Stock ldeakins Mon, 02/06/2023 - 10:35 Prospective buyers searching for new homes are instead finding a growing inventory of for-sale properties that are 40 years or older The U.S. The median age of owner-occupied homes in the U.S. New construction added nearly 8.3

Housing 52

Housing Inventory NAHB Remodeling 52

Pro Builder

AUGUST 4, 2021

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold.

NAHB 98

NAHB Remodeling Inventory Income 98

Pro Builder

JULY 17, 2020

The NAHB/Wells Fargo Housing Market Index, which tracks builder sentiment, considers anything over 50 to be positive. Builders are seeing strong traffic and lots of interest in new construction as existing home inventory remains lean,” said NAHB Chairman Chuck Fowke, a builder from Tampa, Florida.

NAHB 98

NAHB Tampa Inventory Florida 98

Pro Builder

JULY 7, 2022

in May, NAHB Eye on Housing reports. Still, the construction industry is actively recruiting skilled laborers to add inventory to a largely undersupplied market. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. rate in May.

Inventory 52

Inventory NAHB Construction Remodeling 52

Pro Builder

NOVEMBER 1, 2022

“I think we can confidently say we're now in a housing recession,” says Robert Dietz, chief economist and SVP for Economics and Housing Policy for the National Association of Home Builders ( NAHB ). NAHB Chairman’s Message: Members Urge Action on Housing Crisis. So that will help put upward pressure on inventory in 2023.”.

Housing 98

Housing Inventory NAHB New York City 98

Pro Builder

AUGUST 9, 2021

Dietz says the media has blamed builders limiting sales due to lack of inventory and higher construction costs and that rising home prices have kicked many buyers out of the market. Both reasons do have an effect on the market, and NAHB says materials, labor, and land are holding back housing supply. Read More. . Market Data + Trends.

Housing 52

Housing NAHB Inventory Forecasting 52

Pro Builder

JUNE 18, 2021

Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. NAHB forecasts ongoing growth in single-family construction in 2021, albeit at a lower growth rate than realized in 2020.

NAHB 98

NAHB Housing Inventory Residential 98

Pro Builder

MARCH 28, 2022

NAHB’s recent study, What Home Buyers Really Want, 2021 Edition, unveils the most popular home features for first-time buyers, and topping the list are spacious kitchen amenities like double sinks and walk-in pantries, NAHB Eye on Housing reports.

NAHB 98

NAHB Inventory Housing Design 98

Pro Builder

APRIL 30, 2021

While the housing market’s boom can be justified, there are a handful of trends resulting from low inventory and high demand that are not sustainable. The best means of protecting housing affordability is to boost inventory by increasing new home construction. Current Housing Price Growth 'Not Sustainable'. cbroderick. month supply.

Sustainability 52

Sustainability Housing Inventory NAHB 52

Pro Builder

APRIL 26, 2021

Housing remains a leader in the overall economy, and builder confidence, as shown in the NAHB/Wells Fargo Housing Market Index, reflected this by inching up to 83 this month. Sales-adjusted inventory levels declined again, falling to a just a 3.6 Sales-adjusted inventory levels declined again, falling to a just a 3.6

Inventory 52

Inventory NAHB Estimating Housing 52

Pro Builder

NOVEMBER 17, 2021

Builder sentiment rose 3 points to 83 on the NAHB/Wells Fargo Housing Market Index (HMI) as more buyer traffic continues to boost single-family home building. Confidence rose 3 points to 83 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything above 50 is considered positive.

NAHB 52

NAHB Tampa Inventory Florida 52

Pro Builder

OCTOBER 15, 2020

Newly-built single-family home sales have outpaced for-sale single-family construction starts, according to NAHB. Home sales and new construction have not reached this point in more than a decade, and the gap between the two is unprecedented, according to NAHB. Home Sales Outpace Construction Starts by Record Margin. cbroderick.

NAHB 52

NAHB Inventory Construction Housing 52

Pro Builder

JUNE 3, 2021

The National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index results found 28% of builders say prices have increased between 20% and 29.99%, though 37% reported material price increases above 30% during the past 12 months. Thu, 06/03/2021 - 09:50. during the past year. The 2021 figure of 26.1 Read More. . Construction.

Materials 52

Materials NAHB Inventory Housing 52

Pro Builder

JANUARY 21, 2021

NAHB Chairman Chuck Fowke told CNBC that builders are becoming unhappy with the lack of affordable lots, delayed delivery times, and supply constraints. While housing continues to help lead the economy forward, limited inventory is constraining more robust growth,” said NAHB chief economist Robert Dietz. “A

Materials 52

Materials NAHB Inventory Housing 52

Pro Builder

FEBRUARY 18, 2021

But record-high lumber prices continue to affect housing affordability and residential construction, with some builders even having to pause on projects during a time with record low inventory, NAHB Chairman Chuck Fowke told CNBC. .

NAHB 98

NAHB Residential Inventory Housing 98

Pro Builder

SEPTEMBER 24, 2021

While supply-chain problems and some inventory constraints are likely to persist into next year, both buyers and builders seemed to be getting more comfortable with the current environment.

Housing 105

Housing NAHB Inventory Bidding 105

Pro Builder

DECEMBER 28, 2022

in November to a 640,000 seasonally adjusted annual rate, but year-over-year new-home sales are down 15.2%, according to NAHB Eye on Housing. By November 2022, that number increased to 64,000, reflecting flagging demand and more standing inventory due to lower sales. from a year ago.

NAHB 52

NAHB Inventory Housing Construction 52

Pro Builder

NOVEMBER 3, 2020

The share of prospective buyers who plan to expand their search area also grew from 35% last year to 45% now, reflective of the sparse housing inventory. This is a large jump from last year where 15% of buyers blamed getting outbid. Market Data + Trends. Market Data + Trends.

NAHB 86

NAHB Inventory Budgeting Budget 86

Pro Builder

OCTOBER 5, 2022

economy, NAHB Eye on Housing reports. As job openings in the construction sector continue to rise, hiring and recruiting skilled labor remains a top priority, especially for construction firms working to add much-needed inventory to a cooling housing market. The total share of open, unfilled jobs fell 10% in August from almost 11.2

NAHB 52

NAHB Inventory Housing Estimating 52