Articles

Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes inched up one point to 84 in February, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Read More

Energy efficiency is a primary driver in home buyer preferences, according to research from the National Association of Home Builders (NAHB), revealed during a press conference in conjunction with the 2021 NAHB International Builders' Show® virtual experience (IBSx). Read More

After declining for four years, a number of key trends-including the average size of the home and the number of bedrooms and bathrooms-reversed course in 2020 as a result of shifting buyer preferences in the wake of COVID-19. The average size home remained flat at 2,486 square feet, while the percentage of homes with four or more bedrooms and three or more bathrooms rose to 46 percent and 33 percent, respectively-rising closer to 2015 peaks. Read More

Spending on residential improvements will continue to grow at a healthy pace over the next two years, according to experts speaking at an online press conference hosted by the National Association of Home Builders (NAHB) Remodelers during the 2021 International Builders' Show virtual experience (IBSx). Professional remodelers from across the country agreed with the forecast, citing increased demand during COVID-19 and consumer confidence. Read More

Soaring lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector from moving the economy forward, according to the National Association of Home Builders (NAHB). Read More

Regulatory and supply-side challenges coupled with slowing rent growth and rising vacancy rates will weaken the multifamily construction market in 2021. However, the development market should stabilize by 2022, according to economists from the National Association of Home Builders (NAHB) who participated in an online press conference as part of the 2021 NAHB International Builders' Show virtual experience (IBSx). Read More

"Housing affordability will continue to be a top concern this year," said NAHB chief economist Robert Dietz. "On the demand side of the housing market, limited inventories of single-family homes generated strong price gains in 2020. While supply-side pressures, such as resurgent lumber prices, a shortage of buildable lots, inconsistent access to building materials and a regional skilled labor deficit foreshadow higher costs and longer build times this year. A changing regulatory landscape threatens to further erode housing affordability and make the tight inventory environment worse." Read More

Record-low mortgage rates offset record-high home prices to keep housing affordability steady in the fourth quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today. Though affordability rates held firm, regulatory and supply-side challenges threaten to aggravate affordability problems in the year ahead. Read More

“The remodeling market continues to benefit from a strong housing market—including accelerating growth in homebuilding, sales, and home equity,” says Chris Herbert, managing director of the Joint Center for Housing Studies. “In addition to routine replacement and repair projects, homeowners are likely to pursue more and larger discretionary home improvements this year as the broader economy recovers.” Read More

Builder confidence in the single-family 55+ housing market remained high in the fourth quarter, inching down one point from an all-time high to 82, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today. Read More