There was a new rush of optimism in the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which found builder confidence at a 37 level, up five points from September and the highest reading since April. Readings over 50...
President Trump announced that he is beginning a campaign to encourage the nation’s homebuilders to create more residences. In a post on Truth Social, Trump stated, “Before I became President, ‘OPEC’ kept Oil prices high. It wasn’t right for them to do that but, in a...
Single-family housing starts in August were at a rate of 890,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This marked a 7% drop from the revised July figure of 957,000. Privately-owned housing starts in August...
Builder sentiment levels remained unchanged in September, according to the latest the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) data report. Builder confidence in the market for newly built single-family homes was 32 in...
California legislators have passed a bill that will enable the construction of high-density housing complexes near transit hubs. According to combined media reports, SB 79 proposed by State Sen. Scott Wiener (D-San Francisco) would overrule local zoning ordinances by...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
