In brief: U.S. builder confidence fell to 29 in October, the lowest reading since 2012, while 43% of builders reported cutting prices. The NAHB index reflects pressure from borrowing costs and weak buyer traffic. U.S. homebuilder confidence fell to its lowest level in...
Remodeling contractors remain more upbeat about their business than new-home builders, even as expensive materials, tight labor supplies and hesitant customers make projects harder to schedule. The National Association of Home Builders reported Thursday that its...
U.S. homebuilder confidence fell to a 12-month low in September as higher mortgage rates and persistent affordability pressure pushed more builders to cut prices and lean on incentives to move new homes. The NAHB/Wells Fargo Housing Market Index dropped three points...
For several years now, nearly every serious discussion about housing affordability has eventually arrived at the same conclusion: America needs more homes. I don’t disagree with that conclusion. What bothers me is how often we stop the conversation there, as...
Builder confidence in the market for new multifamily housing declined year-over-year during the first quarter, according to the National Association of Home Builders’ (NAHB) Multifamily Market Survey. The Multifamily Production Index (MPI) had a reading of 44, down...
Northpointe, CMG Sign Definitive Mortgage Channel Sale Agreement, Disclose …
