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Category: National Association of Home Builders
The Shortage of Starter Homes Extends Beyond Major Cities
The supply of entry-level housing in the U.S. is near a five-decade low, according to research by Freddie Mac.
The post The Shortage of Starter Homes Extends Beyond Major Cities appeared first on Real Estate News & Insights | realtor.com®.
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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Home-Builder Confidence Wanes Amid Ongoing Shortages of Workers and Materials
While home builders are still more upbeat regarding the real-estate market than they were a year ago, shortages of workers and construction material have not let up.
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NAHB: Residential construction spending rises in May thanks to single-family sector
Strong growth of single-family construction spending drove the increase, while spending on multifamily construction was flat, the National Association of Home Builders said.
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What’s the median age for construction workers?
The median age of construction workers is 41, the same as a typical worker in the national labor force, according to the National Association of Home Builders’ analysis of the most recent 2019 American Community Survey data.
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NAHB: Builder confidence sinks on rising materials costs, supply chain shortages
Increasing costs and the declining availability of key building materials dampened builder sentiment, as higher costs have pushed some new homes beyond the budget of prospective buyers.
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NAHB: Shortest-commute locations see fastest homebuilding pace in Q1
Longer-commute areas continued to claim the largest market share in single-family homebuilding, but the construction growth rate was strongest in places with shorter commuting times, the National Association of Home Builders said, citing its quarterly Home Building Geography Index.
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Builders report historic, broad-based levels of materials shortages
Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by.
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Regulations add almost $94K to new home prices
A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.
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