NAHB Chairman Jerry Konter discusses the potential opportunities of smaller starter homes amid the nation’s affordability crisis.
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Category: NAHB
NAHB: Builder confidence falls for seventh consecutive month in July
July saw the NAHB/Wells Fargo Housing Market Index post its second-largest monthly drop ever, as worries about housing affordability dampened builder sentiment.
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Builder confidence falls again as housing market faces ‘inflection point’
Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey.
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Despite strong demand, builder confidence ebbs in February on supply-chain woes
“Production disruptions are so severe that many builders are waiting months to receive cabinets, garage doors, countertops and appliances.” — NAHB Chairman Jerry Konter
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Builder confidence rises again in December despite inflation fears, production bottlenecks
“While 2021 single-family starts are expected to end the year 24% higher than the pre-Covid 2019 level, we expect higher interest rates in 2022 will put a damper on housing affordability.” — NAHB chief economist Robert Dietz
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NAHB: Builder confidence continues to rise in November despite supply issues
November’s reading of 83 was up three points from October, driven by low existing inventories and strong buyer demand, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.
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What’s new in new construction
Some supply-chain issues and price shocks have calmed in recent weeks. But the price volatility of core construction materials remains unsettling for builders trying to set their budgets.
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Lot values are priced at a record-high… Will it continue?
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Housing affordability hits 10-year low
Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index.
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NAHB: Builder confidence drops again on materials costs, supply-chain woes
July’s reading of 80 was down one point from June, but still signaled strong demand for housing, the National Association of Home Builders said.
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