Windermere’s Principal Economist Jeff Tucker looks at October's falling month-to-month new construction numbers
Builder confidence dropped 1 point in July to 42, according to the latest NAHB Housing Market Index. That's the lowest score since December 2023
Construction starts on new housing units dropped 5.5% to a seasonally adjusted annual rate of 1,277,000 — 19.3% lower than levels in May 2023, according to US Census data released Thursday
Housing starts rose 1.9% from September to reach a seasonally adjusted annual rate of 1.372M
October saw builder confidence in the market for newly built single family homes fall 6 points to a measure of 34, the lowest level since December 2022
Builder sentiment for newly built single-family homes slid five points to a score of 45, the second straight month of steep decreases
Homebuilders remained optimistic in February, but moderated their expectations amid supply-chain issues and rising mortgage rates, according to data from NAHB released Wednesday
The National Association of Home Builders/Wells Fargo Housing Market Index increased for the fourth consecutive month, to 84 in December, marking a high for the year last seen in February
Prices for softwood lumber and some other building materials ease, but workers remain in short supply, according to the National Association of Home Builders
Total existing-home sales in July 2021 rose 2% on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors
Labor shortages, regulatory costs and high costs of materials continued to dampen builder confidence, but strong buyer demand helped moderately temper those challenges in July, according to a new report
Pandemic-related supply chain issues and shortages of lumber have continued to contribute to rising lumber prices, but intense homebuyer demand for single-family homes has kept builder confidence steady
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner examines jobs numbers. Although they beat forecasts, at October's pace, it would still take about another 16 months for employment to return to pre-pandemic levels
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner discusses home sales across the U.S. and concerns over the unsustainable pace of price growth
Privately owned housing starts rose to a seasonally adjusted annual rate of 1.41M, up 1.9% from an August estimate, according to data released Tuesday by the US Census Bureau