Homebuilders appear to be showing some signs of measured optimism as new construction showed significant gains against the tide of market challenges and the ongoing conflict with Iran, according to the latest data from the Department of Housing and Urban Development (HUD) and the Census Bureau. The New Residential Construction report for March (which also…
The Department of Housing and Urban Development (HUD) and the Department of Agriculture (USDA) have announced they have rescinded the mandate that all new homes be built with the 2021 International Energy Conservation Code as the minimum energy-efficient standards, or they would be ineligible for an FHA or USDA-backed mortgage loan. The Biden Administration-era policy…
The impact of ongoing geopolitical tensions with Iran and its effect on oil and energy prices continues to weigh on the housing market, as homebuilder sentiment took a dip further into negative territory this month, according to the latest data from the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Housing Market Index saw…
Despite an overall feeling of negativity across the housing construction industry, with builder sentiment still in negative territory as of late, the remodeling market persists in its positivity, according to the latest data from the National Association of Home Builders (NAHB). The NAHB/Westlake Royal Remodeling Market Index (RMI) reported a reading of 62 (with 50…
During New Homes Month in April, the National Association of Home Builders has reported that the home building industry is responding to market conditions by constructing homes that balance price and meet modern home buyer needs. According to U.S. Census Bureau and National Association of Realtors® data, newly built homes are typically priced at or…
Winter weather and market constraints put significant downward pressure on new-home sales to start off 2026, according to the latest data from the Department of Housing and Urban Development and the Census Bureau. The New Residential Sales report for January found that new-home sales fell a whopping 17.6% to a rate of 587,000 (compared to…
While confidence among homebuilders remains overall negative, there was a slight uptick in positivity in March as some market conditions observed slight improvement, according to the latest data from the National Association of Home Builders (NAHB). However, the future ahead remains unclear. The NAHB/Wells Fargo Housing Market Index (HMI) for March saw builder confidence rise…
The United States Senate today passed legislation now called the 21st Century ROAD to Housing Act, a comprehensive, bipartisan legislative package designed to increase housing supply and access. The bill will now have to be sent back to the House, where it must face reconciliation and another vote before going to President Donald Trump’s desk.…
U.S. homebuilders say a mix of demographic, economic and technological forces will significantly influence the long-term health of the home-building industry and housing demand, both positively and negatively over the next decade. The results were tallied from special questions included in the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI),…
As inflation and economic challenges continue to put pressure on the housing construction industry, rising construction costs may point to continued affordability challenges for homebuyers, according to the latest data. The Producer Price Index (PPI) from the Bureau of Labor Statistics released last week found that construction costs for single-family homes were up by 3.2%…
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