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Builders Pull Back Due to Building Material Costs and Labor Issues

Pro Builder

Builders Pull Back Due to Building Material Costs and Labor Issues. Limited availability and rising costs of construction materials are creating a slowdown in housing production. Builder confidence remains solid in spite of supply-side challenges, according to the NAHB/Wells Fargo Housing Market Index (HMI). Building Materials.

Materials 105
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NAHB Chairman's Letter: Regulations Add $93,870 to a New Home’s Price

Pro Builder

NAHB Chairman's Letter: Regulations Add $93,870 to a New Home’s Price. Chuck Fowke NAHB 2021 Chairman. A new study by economists at the National Association of Home Builders (NAHB) highlights the cost of regulation to the residential construction industry. from $84,671 in 2016 during the five-year span between NAHB’s estimates.

NAHB 98
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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. NAHB reports. Thu, 10/06/2022 - 10:24. The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building . million, but a number of challenges remain for regional builders across the U.S.,

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The Construction Industry’s Recovery

Construction Marketing

NAHB Chief Economist David Crowe attributed the improved outlook on sustained job growth, low mortgage rates and affordable home prices are “helping to unleash pent-up demand.”. The National Association of Home Builders/Wells Fargo builder sentiment index hit 55 in August. Industry Recovery.

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Builder Confidence Fell for the 10th Straight Month in October

Pro Builder

As elevated interest rates continue to price out would-be homebuyers and supply chain disruptions drive up costs for materials, builders are revising their outlooks on single-family home building. High mortgage rates approaching 7% have significantly weakened demand, particularly for first-time and first-generation prospective home buyers.

NAHB 97
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Solutions to Housing Affordability

Pro Builder

within our annual housing forecast survey (see the results on page 17), I got what I deserved from more than 300 of you. There also were calls for the feds to place controls on materials costs, as well as the charmingly hopeful response of “Mutually beneficial regulation” and the simplistic “Get rid of the NIMBYs.”.

Housing 98
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Economic Outlook 2021

Pro Builder

Derived from a monthly survey that NAHB has been conducting for 35 years, the NAHB/Wells Fargo Housing Market Index (HMI) gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair,” or “poor.” All of this growth translated to housing making up 17.6% New-Home Sales.

NAHB 98