Multifamily units continued to be built at a better rate than single-family homes.
Tagged: National Association of Home Builders (NAHB)
Use of incentives increases as builders try to lure buyers.
Housing Opportunity Index shows just 42% of families earnings median income could afford the homes sold in Q3.
NAHB/Wells Fargo Housing Market Index falls 8 points; MBA says new home purchase applications fell 13.2%.
Sales increase nearly 29% from July, but the estimate may be inflated by lag in contract cancellations.
A result of elevated interest rates, supply chain disruptions, and high home prices.
Submit letter to the White House & National Economic Council urging reduction in mortgage insurance premium.
Organization says nearly 1 in 5 construction workers battle addiction.
NAHB chief economist says Fed policy & high construction costs will cause first decline in housing starts since 2011.