Builder Data & Analysis
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3Q Multifamily Developer Sentiment Was Mixed
Confidence in the market for new multifamily homes was mixed year on year in the third quarter of 2024, according to the National Association of Home Builders’ (NAHB) Multifamily...
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Mortgage Rates Reversed October Downtrend
Mortgage rates reversed their recent downward trend in October, returning to two-month-ago levels. According to Freddie Mac, the average 30-year fixed-rate mortgage rate climbed by 25 basis points (bps)...
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ABC: Nearly Half of State Construction Unemployment Rates Dip Since Last Year
The national not seasonally adjusted construction unemployment rate in September 2024 was 3.7%, down 0.1% from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor...
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Single-Family Starts Rise in September
In September, single-family starts experienced a modest increase as a result of the Federal Reserve’s easing of monetary policy and an improvement in builder sentiment. Conversely, multifamily construction continued...
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Residential Construction Loan Declines
The volume of total outstanding acquisition, development, and construction (AD&C) loans experienced the most significant year-over-year percentage decline since 2012 during the second quarter of 2024. This decline was...
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Zillow: Builders turn to condos and townhomes amid affordability crisis
America’s housing stock is growing faster than it was prior to the pandemic-induced housing craze, as builders scramble to fill a 4.5 million-home shortage. According to Zillow’s most recent...
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Higher single-family permits in August 2024
The total number of single-family permits issued year-to-date (YTD) nationwide reached 685,923 during the first eight months of 2024. This represents an 11.5% increase from the level of 615,453...
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Inflation Continues to Slow in September
Inflation eased further in September, remaining at a three-year low as shelter prices moderated. Shelter expenses, the primary driver of inflation since early 2023, saw their annual growth rate...
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Remodeling Market Sentiment Softens in Third Quarter
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter of 2024 registered 63, a two-point decrease from the previous quarter. Remodelers are positive about the market, despite...
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Patios Outnumbered Decks on New Homes
While the percentage of new houses with patios is increasing, the percentage with decks has remained at a historic low of less than 18%, according to NAHB analysis of...
