Construction
Homebuilder boom pays off as affordable resale inventory lags demand
More groundbreaking is needed to bridge the gap between supply and demand
Builders looking forward to a busier 2025
Ken Wingert will handle the association's federal affairs and legal advocacy
Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.
With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase
Builders optimistic for the first time since May, reports National Association of Home Builders
Listen to the NMP Magazine September 2024 cover story.
National Association of Home Builders reports growth in building permits in Q2 2024
Average effective rates on loans for land acquisition and speculative single-family construction were the highest they’ve been since 2018.