Tag Archives: National Association of Home Builders (NAHB)

With the demand for homes at an all-time high, new construction has been dampened by a drop in the number of workers.

After weeks of trending downward, mortgage rates began to climb this week with more finding it difficult to find a home amid a nationwide shortage in supply.

April brought month-over-month declines in housing starts, as demand continued to drive builder confidence.

After several weeks of decline, mortgage apps are slowly gaining steam, rising once again and led by an uptick in refi volume.

With supply remaining tight, homebuyers scrambled in Q1 to buy up the remaining inventory, driving home prices to year-over-year highs in 99% of the nation’s metro markets.

Regulations continue to account for an increasing share of the costs associated with the construction of a new home, to the tune of nearly $94,000 on average.

The high cost of supplies is impeding the growth of new homes, as homebuilders are further hamstrung in a market seeking greater supply.

Low mortgage rates and surging homebuyer demand, combined with low existing homes for sale is increasing the share of new construction nationwide.

Tuesday will bring a new look at housing stats to close the first quarter of the year with the market looking to rebound late in Q1 after weather and supply constraints hampered sales early in 2021.

The price of lumber has tacked on more than $35K to the cost of the average new home built over the past year.