Pro Builder

SEPTEMBER 24, 2021

Next Year’s Housing Market Will Be Boring. 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. Fri, 09/24/2021 - 10:42.

Housing 105

Housing NAHB Inventory Bidding 105

Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98

Housing Inventory NAHB New York City 98

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. Tue, 11/09/2021 - 09:33.

Inventory 98

Inventory NAHB Employment Estimating 98

Pro Builder

FEBRUARY 2, 2021

Despite Low Inventory, Buyers are Positive About Housing Availability. Prospective homebuyers were more negative about the housing market conditions, specifically housing availability, in 2019 compared to 2020, according to the National Association of Home Builders’ Housing Trends Report. cbroderick. Read More. .

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. "For

NAHB 98

NAHB Inventory Housing Materials 98

Pro Builder

JUNE 2, 2022

NAHB Predicts Mild Recession in 2023. A housing market slowdown points toward affordability and opportunity for buyers in the long term, but its more immediate impact may cause a mild recession, according to NAHB. Thu, 06/02/2022 - 10:55. New home sales fell 16.6%

NAHB 52

NAHB Inventory Housing 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. "For

NAHB 94

NAHB Inventory Housing Materials 94

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.

NAHB 105

NAHB Inventory Office Housing 105

Pro Builder

AUGUST 3, 2022

Why You Need a Backup Plan for a Housing Market in Flux. With rising interest rates, unmet demand, and record-high home sales prices, having a Plan B (and maybe even a Plan C) can help home builders weather a fluctuating housing market . There’s turbulence in the housing market. The Housing Price – Mortgage Rate Dynamic.

Housing 92

Housing Plans Inventory Equity 92

Pro Builder

FEBRUARY 16, 2021

Record-High Lumber Prices Stifle Builders and Housing Affordability. 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. RELATED: Lumber Prices Hit Record High, Threatening Housing's Momentum. cbroderick.

Housing 66

Housing NAHB Inventory Materials 66

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

MARCH 7, 2022

The construction industry added 60,000 jobs in February and recorded its fastest rate of wage growth in 40 years in an effort to accelerate residential projects and add more affordable housing to a supercharged market, Insider reports. If the homebuilding sector welcomes more workers, it could relieve the housing market of affordability woes.

Inventory 98

Inventory NAHB Compensation Construction 98

Pro Builder

NOVEMBER 2, 2020

NAHB: Sales Continue to Overpower Construction Starts. From springtime until now, the housing market has had a dramatic few months. The housing market is already beginning to adjust to this notable gap between sales and construction, as the growth rate for new home sales saw a 3.5% cbroderick. Mon, 11/02/2020 - 10:37.

NAHB 52

NAHB Inventory Permits Construction 52

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

OCTOBER 6, 2022

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

Forecasting 98

Forecasting Kansas City NAHB Permits 98

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

APRIL 4, 2023

Construction Job Openings Fell in February ldeakins Tue, 04/04/2023 - 10:51 As the housing market cools, construction job openings are trending lower, but hiring and recruiting skilled laborers remains a top priority for most construction firms After an elevated 11.2 The construction job openings rate decreased to 4.9% rate in February.

Construction 97

Construction NAHB Remodeling Inventory 97

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. Economic Outlook 2021. Fri, 06/18/2021 - 07:00. National Association of Home Builders.

NAHB 98

NAHB Housing Inventory Residential 98

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

MAY 6, 2023

Research by economists at the National Association of Home Builders ( NAHB ) indicates that the home building industry requires almost 2.2 million new hires over the next three years to keep pace with growth in housing demand and attrition within its labor force. The inventory of new single-family homes fell 9.5% Census Bureau.

NAHB 95

NAHB Puerto Rico Foundation Construction 95

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

FEBRUARY 18, 2021

According to the National Association of Home Builders and Wells Fargo Housing Market Index, builder sentiment increased by 1 point to 84 this month. To put it in perspective, any number above 50 can be considered positive and last February, confidence reached 74.

NAHB 98

NAHB Residential Inventory Housing 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.

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NAHB Inventory Housing Design 98

Pro Builder

MAY 27, 2023

In a recent meeting , a client questioned why so many industries can find ways to create more affordable solutions but the housing industry can’t. Why not housing? Most people c an’t afford a Tesla, but there are attainable alternatives such as the Nissan Leaf or the Hyundai Kona. Life circumstances also play a role.

Housing 91

Housing Design Plans Zoning 91

Pro Builder

APRIL 30, 2021

Current Housing Price Growth 'Not Sustainable'. 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.

Sustainability 52

Sustainability Housing Inventory NAHB 52

Pro Builder

AUGUST 9, 2021

The Housing Market's Two Biggest Challenges. 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. cbroderick. Mon, 08/09/2021 - 09:53. New-home sales remained 13.5% Read More. . Market Data + Trends.

Housing 52

Housing NAHB Inventory Forecasting 52

Pro Builder

FEBRUARY 4, 2022

With all of this as context, builders remain optimistic with overall homebuilder sentiment, as measured by the NAHB Housing Market Index, at similar levels compared to early 2021 (although below the peak optimism of late 2020). Housing Markets. Nonetheless, supply chain problems remain a drag on the pace of new construction.

Residential 98

Residential NAHB Housing Inventory 98

Pro Builder

FEBRUARY 19, 2021

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Built-for-rent homes are a way to add more affordable options to the housing stock, especially now as more Americans desire larger homes and single-family options, says the National Association of Home Builders. cbroderick. Fri, 02/19/2021 - 09:43. Read More. .

Inventory 52

Inventory NAHB Statistics Estimating 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

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. The one thing long-term active buyers are less likely to do than a year ago is continue looking for the ‘right’ home in the same preferred location, down from 52% to 47%.

NAHB 86

NAHB Inventory Housing Budgeting 86

Pro Builder

AUGUST 7, 2020

Housing Industry Growth Stifled as Lumber Prices Soar. Since April, lumber prices have increased by 80%, according to NAHB. Rising lumber prices and Canadian tariffs create a ripple effect: housing supply will be further constrained, new homes will be more expensive, and the housing industry’s impact on the economy will be stifled. .

Housing 52

Housing Industrial NAHB Inventory 52

Pro Builder

APRIL 1, 2022

Americans Hindered by Low Housing Affordability Want Action From Policymakers. Over 75% of all Americans are impacted by a lack of affordable housing, and they're growing impatient with seemingly apathetic policymakers. The nation needs more housing and Americans want the federal government to support more new home production.

Housing 52

Housing Finance NAHB Inventory 52

Pro Builder

SEPTEMBER 12, 2022

On the Cusp of a Recession, Housing Costs Are Soaring. housing market could be moving full steam ahead into a recession after years of record growth. As the housing market continues to cool after years of red-hot home sales, recession concerns are causing a growing number of buyers to hold off on home purchases. Housing Markets.

Housing 52

Housing Bargains NAHB Inventory 52

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% Housing Markets. Week-over-week; New Record Low.

Inventory 52

Inventory NAHB Housing Construction 52

Pro Builder

APRIL 26, 2021

Department of Housing and Urban Development and the Census Bureau. 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

Inventory 52

Inventory NAHB Estimating 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. On average, the 12-month increase in material costs for the same house was 26.1

Materials 52

Materials NAHB Inventory Housing 52

Pro Builder

JANUARY 21, 2021

According to the National Association of Home Builders and Wells Fargo Housing Market Index, builder confidence for the single-family home market dropped three points this month to 83. NAHB Chairman Chuck Fowke told CNBC that builders are becoming unhappy with the lack of affordable lots, delayed delivery times, and supply constraints.

Materials 52

Materials NAHB Inventory Housing 52