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Builder Sentiment

All articles tagged with #builder sentiment

businesseconomy1 year ago

"Surprise Surge: Homebuilder Sentiment Reaches Highest Level Since July Amid Softening Mortgage Rates"

The US homebuilder sentiment unexpectedly rose to its highest level since July, reaching 51 in March, signaling a positive shift in the housing market as more buyers turn to new construction amid a shortage of existing homes. Builders are optimistic about increased buyer demand, driven by falling mortgage rates, but continue to face challenges such as limited buildable lots, skilled labor scarcity, and rising building costs. While the market anticipates future rate cuts by the Federal Reserve, concerns persist over higher prices and material shortages impacting home building activity.

via Fox Business|
#builder-sentiment#businesseconomy#homebuilders
economy2 years ago

Homebuilder Sentiment Soars as Mortgage Rates Plummet

Builder confidence in the market for newly built single-family homes rose in December, ending a four-month decline, as falling mortgage rates attracted prospective buyers who were previously priced out of the market. The National Association of Home Builders (NAHB) reported that builder sentiment increased by three points to 37. The rise in confidence is supported by recent economic data indicating improving housing conditions. However, builders continue to reduce home prices and offer sales incentives to boost sales, as mortgage rates remained above 7% in November.

via National Association of Home Builders|
#builder-sentiment#economy#home-prices
business2 years ago

Surprising Surge in US Home Construction and Housing Starts; Canadian Housing Bubbles Show Signs of Decline

US home builders increased construction in July, with housing starts rising 3.9% from June, beating market expectations. Single-family housing starts, which account for most of the construction, rose 6.7% in July. The increase in new residential construction reflects a housing market where buyers are seeking affordable homes due to high prices and low inventory in the existing home market. However, completed homes declined 11.8% from June, and building permits were essentially flat. Builder sentiment dropped for the first time this year in August due to higher mortgage rates, high construction costs, and material shortages. Despite challenges, demand for new construction remains supported by a lack of resale inventory.

via CNN|
#builder-sentiment#business#construction
economy2 years ago

US Housing Market Shows Strong Rebound in May with Surging Home Sales

Charles Schwab suggests that the US housing market is rebounding based on three key indicators. Firstly, homebuilder sentiment has moved into positive territory for the first time in 11 months. Secondly, new home sales have increased, while existing home sales have only marginally improved. Lastly, home prices have fallen, making properties more affordable, although overall affordability remains poor. However, experts believe that affordability conditions won't improve until mortgage rates decrease, which is unlikely to happen soon.

via Markets Insider|
#affordability#builder-sentiment#economy