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National Association Of Home Builders

All articles tagged with #national association of home builders

real-estate2 years ago•1 min saved

"Surging Homebuilder Sentiment Driven by Drop in Mortgage Rates and Increased Negotiability for Homebuyers"

Homebuilder sentiment in the U.S. housing market surged in January for the second consecutive month as mortgage rates dropped, with the National Association of Home Builders/Wells Fargo Housing Market Index rising five points to 44. The decline in mortgage rates has improved housing affordability and brought buyers back into the market. Despite the optimism, the housing market faces challenges such as higher prices and shortages of labor and lumber as home building is expected to expand in 2024.

via Fox Business|

#federal-reserve #homebuilder-sentiment #housing-market

economy2 years ago•1 min saved

Homebuilder Sentiment Soars as Mortgage Rates Plummet

Homebuilder sentiment in the U.S. housing market rebounded in December as mortgage rates fell, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index rose three points to 37, slightly exceeding expectations, following a six-point drop in November. The decline in mortgage rates has led to increased buyer interest, with builders reporting an uptick in traffic. The recent decline in rates has sparked optimism among homebuilders, who believe that the worst may be over for the housing market.

via Fox Business|

#economy #federal-reserve #homebuilder-sentiment

real-estate2 years ago•2 min saved

US Home Prices Continue to Rise Amid Low Supply and High Demand

Home prices rose 0.7% nationally in March due to limited inventory and steep competition, according to the S&P CoreLogic Case-Shiller index. The 10-city composite fell 0.8% annually, while the 20-city composite fell 1.1% in March. Miami saw a 7.7% annual gain, making it the best-performing city for the eighth straight month. Conversely, Seattle prices plummeted 12.4%, edging out San Francisco with its 11.2% decline. The National Association of Home Builders/Wells Fargo Housing Market Index rose five points to 50, the highest reading since July.

via Fox Business|

#home-prices #housing-market #limited-inventory

real-estate2 years ago•2 min saved

April sees surge in new home sales, Zillow bullish on housing markets.

Sales of new U.S. homes rose 4.1% in April to a seasonally adjusted annual rate of 683,000 units, marking the strongest pace of sales since March 2022, as limited resale inventory helped to jolt buyer demand for new construction. The median price for a new home tumbled to $420,800 in April, marking the biggest decline since April 2020. The surge in new home sales likely contributed to the higher-than-expected increase in confidence among builders in the housing market this month.

via Fox Business|

#housing-market #inventory #mortgage-rates