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Housing Starts Tumble by 14.1%

Housing Starts Tumble by 14.1%

by Phil Hall | Aug 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts in July were at a rate of 851,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This marked a 14.1% drop from the revised June figure of 991,000. Privately-owned housing starts in...
Builder Confidence at 8-Month Low

Builder Confidence at 8-Month Low

by Phil Hall | Aug 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The August edition of the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reached its lowest reading since last December with a 39 reading, down two points from a downwardly revised reading of 41 in July. The HMI index charting...
Study: Most Homebuyers Find Properties That Fit Their Size Needs

Study: Most Homebuyers Find Properties That Fit Their Size Needs

by Phil Hall | Aug 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The percentage of new single-family homes constructed in the range of 1,600 to 3,000 square feet is tracking closely with the share of buyers seeking homes of that size, according to a data study from the National Association of Home Builders (NAHB) and the U.S....
Rising Interest Rates Blamed for Multifamily Developer Confidence Declines in Q2

Rising Interest Rates Blamed for Multifamily Developer Confidence Declines in Q2

by Phil Hall | Aug 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rising interest rates were blamed for declining developer confidence in the market for new multifamily housing, according to second quarter data from the National Association of Home Builders (NAHB). The trade group’s newly published Multifamily Market Survey...
Builder Confidence at 8-Month Low

Builder Confidence Drops to 7-Month Low

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder confidence in the market for newly built single-family homes dropped by one point to 42 in July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This marked the HMI’s lowest reading since...
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