Latest data breaks four-month period of gains for HMI Index
Tagged: National Association of Home Builders (NAHB)
Newly-built homes reached their smallest median size in 13 years, NAHB reports.
The pace of new home sales in February is up 5.9% from a year earlier.
Housing starts, completions rise along with building permits.
NAHB/Wells Fargo Index reaches a new high since August 2023, as industry experts anticipate a modest housing recovery and builders adjust strategies in a volatile market.
The National Association of Home Builders reported that only 37.7% of new and existing homes were affordable.
The National Association of Home Builders reported that only 37.7% of new and existing home sales sold during this time were affordable.
Indicating a positive trend for homebuyers and lenders.
Despite a steep drop to its lowest since December 2022, experts see a glimmer of hope for the housing market.
National Association of Home Builders report reveals lowest confidence levels since January 2023.