Nearly 40 percent of homebuilders cut prices in June, the highest portion since the National Association of Home Builders began tracking the cuts. A decline in single-family starts is projected this year. Continue reading
A decline in consumer demand amid rising interest rates, increases in materials costs and home price growth led builder confidence to drop 8 points to 69 in May, according to the NAHB. Continue reading
Despite shortages of materials, lots and labor, consumer demand beat expectations, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading
Nationwide builder sentiment fell by 5 points to 75 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading