Builder Sentiment Declines In May, Ending 6-Month Streak
The NAHB/Wells Fargo Housing Market Index shows the use of sales incentives rose 2% month over month.
The NAHB/Wells Fargo Housing Market Index shows the use of sales incentives rose 2% month over month.
New plan put forth by trade association offers 10 solutions to nation's housing problem
The growth coincides with roughly a quarter of builders saying they cut prices last month.
Newly-built homes reached their smallest median size in 13 years, NAHB reports.
Decline in single- and multifamily home construction helped offset increase in public construction.
Construction of single-family homes decreased 3.1% in June from May.
Overall residential construction, however, ticked up 0.2% in May from April, and was 18.7% above the estimate for May 2021.