Builder Data & Analysis
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Single-family permits rise October 2024
In the first ten months of 2024, the total number of single-family permits issued year-to-date (YTD) nationally was 846,446. On a year-over-year (YoY) basis, this is a 9.4% growth...
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Building Materials and Lumber Prices Rise in November
According to the U.S. Bureau of Labor Statistics’ most current Producer Price Index (PPI) data, prices for inputs to new residential construction—excluding capital investment, labor, and imports—remained steady in...
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Inflation Sticks Despite Lower Housing Costs
Inflation rose to 2.7% in November, meeting predictions, but the last stretch to the Fed’s 2% objective becomes the most difficult. Shelter expenses continued to be the primary driver...
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October Private Residential Construction Spending Rises
Private residential construction spending grew by 1.5% in October, according to the most recent US Census Construction Spending statistics. Year over year, the October report indicated a 6.4% increase....
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Higher Rates Lower October New Home Sales
In October, many potential home buyers stayed away due to steadily rising mortgage rates and continued affordability issues. Sales of newly built single-family houses fell 17.3% in October to...
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NAR: October Existing Home Sales Rebound
Existing home sales returned from a 14-year low in October, posting the first yearly increase in more than three years, as buyers took advantage of mortgage rates momentarily falling...
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Freddie Mac: Higher Mortgage Rates Slow October Housing Production
According to Freddie Mac, housing starts decreased last month as the average monthly mortgage rate rose by a quarter point from 6.18% to 6.43% between September and October. The...
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Townhouse Construction Gains Momentum
Year-over-year improvements in townhouse construction continued in the third quarter of 2024, as demand for medium-density housing remained strong despite a slowdown in other sectors of the building industry....
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Housing Costs Continue to Fuel Inflation
Inflation increased again in October, indicating that the last push to the 2% objective will be the most difficult. Shelter expenses continued to be the primary driver of inflation,...
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ABC’s October Construction Backlog Indicator Falls, Contractor Confidence Rises
According to a poll of its member contractors performed from October 21 to November 4, Associated Builders and Contractors reported a Construction Backlog Indicator of 8.4 months in October....
