New home buyers shopping in virtually nonexistent price tier
Tagged: National Association of Home Builders (NAHB)
Policymakers urged to consider new solutions
First four months of 2024 see 25.3% increase over 2023
Builder confidence in the market for newly built single-family homes was 43 in June, down two points from May.
Single-family building permits drop to lowest level in a year
Meanwhile, multi-family construction has slowed down, according to the National Association of Home Builders.
Analysis of Census data shows the median square foot floor area on a single-family home was 2,140 sq. ft.
National Association of Home Builders attributes levelling off to high rates and low confidence
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