Builder Data & Analysis
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BuilderWire
Ecommerce Solutions for Lumber & Building Materials (LBM Industry). BuilderWire, Inc. integrates the latest Internet technologies to help improve your company’s operational efficiencies and the way you sell and service customers on the web.
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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....
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Second-Quarter Sawmill Production Rises
The production index for sawmills and wood preservation businesses increased by 0.2% in the second quarter of 2024. According to G.17 data, this was the first increase in real...
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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)...
