Tagged: National Association of Home Builders (NAHB)
The price index of services inputs to residential construction have risen 18% YOY.
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.