The National Association of Home Builders (NAHB), is reporting that a small decline in mortgage rates and limited existing inventory helped new home sales to edge higher in February although housing affordability challenges continue to act as a strong headwind on the market. According to newly released data from the U.S. Department of Housing and […]
Builder confidence in the market for newly built single-family homes was 45 in May, down six points from April, according to the newly released National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The drop marks the first decline since November 2023. The National Association of Home Builders is attributing the drop to […]
Despite higher interest rates, new home sales rose in March due to limited inventory of existing homes. However, the National Association of Home Builders (NAHB) predicts that the pace of new home sales will be under pressure in April as mortgage rates moved above 7% in April, which is expected to moderate sales and increase […]
A new report suggests that pent-up demand, moderating interest rates, and a lack of existing inventory helped push single-family starts in February, reaching their highest level since April 2022. According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 10.7% in February to […]
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