The survey also revealed that 22% of builders cut home prices this month, down from 24% in March and 36% in December.
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Category: robert dietz
New homes are trending smaller
The median area for a new single-family home fell to 2,191 square feet in the second quarter — the lowest recorded size since 2010.
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As construction surges, builders are confident once again
It’s been a groundbreaking time for new home construction — literally. The annual rate of new construction surged to 1.631 million units in May: the biggest leap in 33 years.
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Builder confidence rebounds in May on tight existing inventory
Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported.
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NAHB: Builder confidence rose again in April
The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”
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Builder confidence rises again in March
Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.
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Builder confidence jumps in February
Builder confidence rose for the second consecutive month in February with a seven-point increase that brought it to its highest level since last September, the National Association of Home Builders said.
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Single-family starts, builder confidence rise
The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index.
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National Association of Home Builders Chief Economist Robert Dietz on the state of new construction
A wave of homebuilding is expected to start up in 2024 and run through the end of the decade, according to the NAHB.
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New-home construction falls 9.6% in July
The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development reported.
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