With sales already slipping off highs from earlier in the pandemic, a survey of builders released Tuesday by the National Association of Home Builders suggests the bleeding may have just begun
August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436B, a 2.9% fall from July, according to US Census Bureau data released Monday
Builder confidence in the newly built single-family home market fell 3 more points in September, to a score of 46 on the Wells Fargo Housing Market Index, according to data released Monday
The NAR, MBA and NAHB argue that the Federal Housing Administration is flush with cash, and that delinquency rates on FHA loans have returned to pre-pandemic lows
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
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
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
Homebuilders remained optimistic in February, but moderated their expectations amid supply-chain issues and rising mortgage rates, according to data from NAHB released Wednesday
Only 31% of U.S. households can afford to buy a newly built home, down from 40% a year ago
Sales of new houses in December 2021 were at an annual adjusted rate of 811,000, according to data from the US Census Bureau
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
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
Following a drop this summer, builder confidence rose from 76 to 80 points in October
Builders got a break in August from the price increases of previous months, but the unpredictable swings in costs remained unwelcome
Prices under $200K have nearly disappeared from the market for newly constructed homes, according to new data