Builder Data & Analysis
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Builder Confidence Drops to Lowest Level in 7 Months as Rates Bite
Mortgage rates averaged 6.92% in June, according to Freddie Mac, and high rates for construction and development loans continue to dampen builder optimism. Builder confidence in the market for...
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NAHB: Lot Values Are On The Rise
According to National Association of Home Builders (NAHB)’s research of Census Bureau Survey of Construction (SOC) data, lot values for single-family detached spec homes continued to grow, with national...
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ABC: Construction Backlog Up Slightly in June
According to an Associated Builders and Contractors (ABC) member survey performed between June 20 and July 3, the Construction Backlog Indicator climbed to 8.4 months in June. The reading...
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MBA: Increased Mortgage Activity in June
From May to June, the Market Composite Index, a measure of mortgage loan application volume derived from the Mortgage Bankers Association’s (MBA) weekly survey, rose by 8.2% on a...
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Existing Home Sales Drop Despite Record High Prices
Existing house sales decreased for the third consecutive month in May, owing to persistently high mortgage rates and record-high prices, according to the National Association of Realtors. Low resale...
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May Sees Housing Starts Retreat Amidst High Borrowing Costs
Single-family and multifamily housing starts declined in May, as high interest rates on construction and development loans, as well as rising mortgage rates, slowed housing supply and demand. According...
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High Mortgage Rates Cool Builder Confidence
Mortgage rates remain in the 7% level, and rising construction financing costs continue to dampen builder optimism. Builder confidence in the market for newly built single-family homes fell two...
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Private Residential Construction Spending Rising in April
After declining 0.4% in March, private residential building spending increased 0.1% in April, according to a post from National Association of Home Builders (NAHB). The seasonally corrected annual rate...
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New Home Preference Continues Rising
New homes’ appeal is just getting stronger. In a recent NAHB study, 61% of home buyers said their first choice is a newly constructed house when faced with the...
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Top Earners: States with Highest Construction Wages in 2024
According to the most recent Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), not seasonally adjusted (NSA) average hourly earnings (AHE) in construction climbed 5%...
