The price index of services inputs to residential construction have risen 18% YOY.
Tagged: National Association of Home Builders (NAHB)
The letter cites rapidly rising interest rates, rising home prices and rents, and the rising cost of lumber and building materials for significantly decreasing housing affordability.
NAHB/Wells Fargo Housing Market Index falls for fourth straight month.
Increasing construction costs drive ennui despite favorable demographics and low-inventory numbers.
In remarks during White House event, Jerry Konter urges administration to act.
Rising cost of construction materials, combined with rate hikes, seriously affecting housing affordability.
NAHB/Wells Fargo Housing Market Index finds cost, availability of materials top concerns for single-family home builders.
Speaking at NAHB's International Builders’ Show in Orlando, economists say low inventory, supply-chain bottlenecks, and Fed anti-inflation efforts will boost prices.
Census Bureau reports Privately owned housing units authorized by building permits were started at a seasonally adjusted annual rate of 1.7 million, a 1.4% increase from the revised November estimate.