It’s official: 2022 shows homebuilder sentiment declines for every month

While December’s data represented the 12th straight decrease in homebuilder sentiment, there is a “silver lining.” The average price reduction was 8 percent, up from 5 or 6 percent earlier this year, report says. Continue reading

Homebuilders suspect demand for new homes will fall even further

With sales already slipping off highs from earlier in the pandemic, a survey of builders released Tuesday by the National Association of Home Builders suggests the bleeding may have just begun. Continue reading

As buyers balk, some homebuilders dread the months to come

Builder sentiment dropped at the second-fastest pace of the last two decades as some home construction companies have begun to cut costs. Continue reading

‘Clear sign’ of a slowing housing market as builder confidence falls

Homebuilder confidence fell 2 points in June to 67, marking the lowest reading since June 2020, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading

New home sales hit 2-year low, falling well short of expectations

New home sales took a hit for the fourth-straight month in April as buyers grappled with the new reality of rising home prices and mortgage rates in excess of 5 percent, according to Census Bureau data. Continue reading

Builder sentiment falls again in face of rising interest rates

Builder confidence dropped two points to 77 as builders contend with rising interest rates and costs, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Monday. Continue reading

‘It’s a hopeful sign’: Builders forge ahead on new home starts

Builders kicked off construction on 129,400 new housing units in November — a half-percent increase on a month when starts typically decline, according to the U.S. Census Bureau. Continue reading

Builder confidence drops to lowest level in more than a year

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

Police called to Home Depot to stop an exorcism in the lumber aisle

On Facebook, the Dickson City Police Department posted that the people who were attempting the exorcism were escorted out of the Home Depot. Continue reading