The National Association of Home Builders (NAHB) reported that remodeling activity was flat in the second quarter amid a broader nationwide housing slowdown, in its latest State Projections of Remodeling (SPR). The SPR showed a near-even split in the second quarter: Remodeling spending declined in 26 states and increased in 24 states, according to a…
The monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for builder confidence fell three points to 29 (out of 100) in October, marking the lowest builder confidence in the market since June 2012. NAHB attributed the historically low measure of builder sentiment to rising mortgage rates, energy and material costs, and…
Editor’s note: This is part one of a two-part story on builder incentives. Part two will focus on what agents and brokers think about incentives, and how they guide buyers. These may be uncomfortable days for many buyers, with mortgage rates in the mid-7s and threatening to go higher if the Fed raises interest rates.…
Remodeling continues to hold its own as a “stable” segment of housing construction, despite continued challenges for the industry, according to the latest data from the National Association of Home Builders (NAHB). NAHB’s Remodeling Market Index (RMI) for Q3 saw a reading of 62, up one point from Q2 and remaining above the 50-point breakeven…
In a construction industry already facing numerous challenges, the National Association of Home Builders (NAHB) has released a critical statement on the current federal immigration crackdown due to its reportedly negative effect on the industry’s labor force. Off the bat, NAHB noted members of the trade organization have reported that “increased immigration enforcement and jobsite…
Aligning with recent data on faltering consumer sentiment and frustrations over elevated inflation, homebuilder sentiment fell in the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report on Sept. 16. “The HMI shows builder confidence at its lowest level since September 2025, as tight lending conditions and elevated land, labor and…
Multifamily construction remains on the rise in the face of headwinds in the single-family construction market, according to the latest data from the National Association of Home Builders (NAHB). The NAHB Home Building Geography Index saw multifamily construction grow in six of the seven geographic categories in Q2. Some of the largest growth was in…
Higher mortgage rates, rising construction costs and economic uncertainty pressured housing affordability to reverse course in Q2, after showing improvement in the prior three quarters, according to the latest data from the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Cost of Housing Index (CHI) for Q2 found that a family earning the nation’s…
Economic uncertainty continues to push builders to temper their expectations (and pace of construction) based on the latest monthly new residential construction report by the U.S. Census Bureau. The Bureau’s report for July states that privately owned housing starts were at a seasonally adjusted annual rate of 1.24 million. This is a considerable decrease (12.4%)…
Builder sentiment remains muted from economic and geopolitical uncertainty, elevated mortgage rates and rising construction costs, with the latest data and analysis from homebuilders painting an overall still-muddled picture of near-term housing demand and affordability. Builder confidence in the market for newly built single-family homes inched up one point to 35 in August, according to…
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