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Builder Confidence Mixed in Market for New Multifamily Housing

Builder Confidence Mixed in Market for New Multifamily Housing

by Phil Hall | Nov 17, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for new multifamily housing was mixed during the third quarter, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The MMS produces two separate indices: The...
Builder Confidence Down for Fourth Consecutive Month

Builder Confidence Down for Fourth Consecutive Month

by Phil Hall | Nov 16, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes fell six points to 34 this month, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI). This marks the fourth consecutive monthly drop in...
Housing Affordability Index Crashes to Record Low

Housing Affordability Index Crashes to Record Low

by Phil Hall | Nov 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 37.4% of new and existing homes sold during the third quarter were affordable to families earning the median income of $96,300, according to the National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Opportunity Index (HOI). This is down from...
NAHB: Dept. of Energy is Making it Harder to Create Affordable Housing

NAHB: Dept. of Energy is Making it Harder to Create Affordable Housing

by Phil Hall | Nov 8, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Home Builders (NAHB) has called out the U.S. Department of Energy (DOE) for creating regulations that have negatively impacted efforts to address the production of affordable housing. In testimony delivered today before the U.S. House...
Builder Confidence Evaporates Amid Elevated Mortgage Rates

Builder Confidence Evaporates Amid Elevated Mortgage Rates

by Phil Hall | Aug 15, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

After seven consecutive months of rising optimism, builder confidence dropped in August as mortgage rates neared the 7% mark. The National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI) saw builder confidence in the market for...
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