Tag Archives: Home Builders

After a three-week slide, Freddie Mac reports the fixed-rate mortgage rose four basis points week-over-week, and despite affordability headwinds, buyers have driven new home sales to levels seen in more than 12 months.

Prospective spring home buyers have responded to a second straight week of falling rates according to Freddie Mac, as they pounce on the nation’s limited housing supply, and have driven app volume upward.

According to the MBA’s Builder Application Survey, new home purchases applications decreased in January, although applications remain 42% higher compared to 2022’s totals.

Despite lingering supply chain concerns, there were 811,000 single-family units under construction in March, marking the highest level since 2006.

U.S. home price appreciation reached 20.7% in August 2021, marking the third straight month it has reached a new record mark, according to the latest findings by First American.

New listings of homes for sale fell 9% from a year earlier, and closed home sales were down 5%.

A new study has found that monthly growth in both home values and rents eased in September, continuing a seasonal calming that began late summer.

In a letter to the White House, NAHB Chairman Fowke outlined three major areas of concern for home builders that may negatively impact the overall U.S. economic landscape.

Increased costs and a bottlenecked supply chain have resulted in a dip in home building, even putting a hold on some new home sales.

With the rising cost of supplies already troubling homebuilders, a lack of skilled workers is now contributing to a lack of housing inventory nationwide.