As buyers balk, some homebuilders dread the months to come
Builder sentiment dropped at the second-fastest pace of the last two decades as construction companies began cutting costs, according to the National Association of Home Builders
by Daniel Houston Jul 19
Residential construction spending rises for fifth-consecutive month
The steady increase has occurred despite widespread supply shortages, tight labor markets, rising inflation and the volatile cost of wood, according to National Association of Home Builders
by Taylor Anderson Apr 8
New home sales falter in January, but more inventory in the pipeline
Homebuilders have made strides in replenishing inventory, but much of it remained under construction as sales took a hit in January, according to data from the US Census Bureau
by Daniel Houston Feb 24
Builders remain confident as they 'wait months' for cabinets and doors
Homebuilders remained optimistic in February, but moderated their expectations amid supply-chain issues and rising mortgage rates, according to data from NAHB released Wednesday
by Daniel Houston Feb 16
1 in 10 households were priced out of newly built homes in last year alone
Only 31% of U.S. households can afford to buy a newly built home, down from 40% a year ago
by Daniel Houston Feb 14
New home sales surge in December ahead of rising interest rates
Sales of new houses in December 2021 were at an annual adjusted rate of 811,000, according to data from the US Census Bureau
by Ben Verde Jan 26
Housing starts hit 9-month high, marking steady gains across 2021
Overall housing starts increased 1.4% month over month in December to a seasonally adjusted rate of 1.70 million units, according to the the Department of Housing and Urban Development
by Ben Verde Jan 20
'It's a hopeful sign': Builders forge ahead on new home starts
Builders kicked off construction on 129,400 new housing units in November — a half-percent increase on a month when starts typically decline, according to the US Census Bureau
by Daniel Houston Dec 16
Builder confidence rises for 2nd straight month
Following a drop this summer, builder confidence rose from 76 to 80 points in October
Prices for home construction materials dip for first time in 2021
Builders got a break in August from the price increases of previous months, but the unpredictable swings in costs remained unwelcome
by Daniel Houston Sep 14
Interactive: Half of new home builds now sell for more than $400K
Prices under $200K have nearly disappeared from the market for newly constructed homes, according to new data
by Daniel Houston Aug 25
Builder confidence drops to lowest level in more than a year
Nationwide builder sentiment fell by 5 points to 75 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index
Even if homebuilders wanted to quit lumber, they foresee big hurdles
Lumber prices remain high, but builders say a host of factors prevents them from switching to other materials
by Daniel Houston Jul 12
Police called to Home Depot to stop an exorcism in the lumber aisle
On Facebook, the Dickson City Police Department in Pennsylvania posted that the people who were attempting the dead tree exorcism were escorted out of the Home Depot
by Libertina Brandt Jun 25
Builder confidence still high amid soaring lumber costs
Nationwide builder sentiment clocked in with an index score of 83 in May, according to the National Association of Home Builders/Wells Fargo Housing Market Index