Apr 9, 2021 | Latest News, New Construction
Prices paid for goods used in residential construction ex-energy rose 2.4% in March (not seasonally adjusted) and have increased 9.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics....
Apr 8, 2021 | New Construction
The 10-year Treasury rate temporarily increased above 1.75% this week — reaching a 14-month high. This is well ahead of forecast and will push interest rates above 3.3% for the average 30-year fixed rate mortgage. According to recent estimates published by NAHB, the...
Apr 8, 2021 | New Construction
According to the latest What Home Buyers Really Want, 60% of home buyers would prefer a newly-built home over an existing home. In other words, all else equal, their first preference would be to purchase a new home. Looking at historical data shows a clear shift in...
Mar 24, 2021 | New Construction
Builders are slowing down production to catch up with a backlog of projects while trying to keep construction prices in check. In some cases, they may be turning down willing, qualified buyers because they already have too many homes in production. According to real...
Mar 18, 2021 | New Construction
A record low supply of homes for sale has caused prices for existing and newly built homes to rise quickly. Higher costs for builders are only exacerbating the situation, as these costs are being passed on to buyers. The median price of a newly built home was up more...
Mar 17, 2021 | New Construction
WASHINGTON – Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other material prices pushed confidence lower. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Tuesday...
