Pro Builder
OCTOBER 6, 2022
The housing market may be headed straight for a post-pandemic downturn, but according to Jordan Rappaport, a senior economist at the Federal Reserve Bank of Kansas City, an uptick in single-family home building could soon follow. NAHB reports. million, but a number of challenges remain for regional builders across the U.S.,
Pro Builder
APRIL 17, 2023
“Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing,” said Alicia Huey, NAHB chairman and a custom home builder and developer from Birmingham, Alabama. Concerns had grown that builders might have more trouble with construction loans after recent regional bank failures.
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Pro Builder
DECEMBER 12, 2021
One side was summarized by “Deregulate construction, deregulate banking, deregulate oil exploration, freeze environmental regulations, and stop raising taxes,” while the opposite end of the spectrum can be characterized by “Housing [that] enjoys government preference [if sold] only to urban, low-income families.”.
Pro Builder
MARCH 20, 2023
“A significant amount of housing demand exists on the sidelines,” says NAHB Chairperson Alicia Huey. But the latest wild card: jitters over the nation’s financial system after the recent collapse of three banks. But that could reduce long-term interest rates, which “will help housing demand in the coming weeks,” [Robert] Dietz says.
Pro Builder
MARCH 16, 2023
“Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory,” Alicia Huey, the NAHB chairman, said in a statement.
Pro Builder
AUGUST 14, 2020
The second quarter brought upon tightening credit for builders and developers, NAHB reports. For this index, the higher the number, the worse the net bank tightening. The association’s survey on financing for Acquisition, Development, and Construction (AD&C) found the net tightening index to be 12.0, down from first quarter’s 22.7.
Pro Builder
MARCH 29, 2022
The Federal Reserve enacted its first federal funds rate hike in March, causing a 25 basis-point increase in the short-term interest rate, and economic projections from the central bank point toward six additional 25 basis-point increases throughout 2022. The broadest measure of inflation, the Consumer Price Index (CPI), is up 7.9%
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