Persistent 7% Mortgage Rates Cause Slump In Homebuilder Sentiment
National Association of Home Builders/Wells Fargo Housing Market Index reveals the steepest decline in recent months.
Tagged: new home construction
Mortgage Applications For New Homes Surge In August 2023
New home sales fueled by first-time buyers and low existing inventory, despite higher mortgage rates; MBA's survey indicates 702,000 units sold at peak pace in three months.
New Builds Make Up One-Third Of Houses On The Market
Homebuyers are turning to newly built single-family homes as overall inventory sits at an all-time low.
Housing Starts Fall For 4th Straight Month
2022 posts 3% YOY decline, the first overall drop since 2009.
More Home Builders Offered Price Cuts, Incentives In November
NAHB says the percentage offering deals remains below 2008 levels.
Nearly A Third Of Homes For Sale In 3Q Were New Construction
Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction — a record high.
NAHB: Builders Need To Address Drug, Alcohol Addiction Issues
Organization says nearly 1 in 5 construction workers battle addiction.