December marks a full year of declines in builder confidence
With December marking 12 consecutive months of declines in builder confidence, builders are looking to incentives to drive sales.
Jerry Konter
US housing market weakness persists as building permits and housing starts decline
However, homebuilder Jerry Konter noted that single-family production is running well below a one million-unit rate, indicating ongoing weakness in the housing market as high construction costs and elevated interest rates continue to present affordability challenges. “Even though single-family starts are up on a monthly basis, permits indicate that the housing market will slow down … [Read more…]
Builder sentiment rises as mortgage rates drop
After a year of declines, homebuilder sentiment started off 2023 with a modest increase, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In January, builder confidence in the market for newly build single-family homes rose four points from Decemberâs reading, to an index value of 35. The NAHB/HMI […]