Builder Data & Analysis
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NAR: Existing Home Sales Jump to Start 2024
Following a recent low in December, existing home sales rebounded to a 5-month high to begin the year, according to the National Association of Realtors (NAR). Low resale inventory...
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NAHB: Missing Middle Housing Construction Remains Stagnant
The missing middle construction sector, which includes development of medium-density housing like townhouses, duplexes, and other small multifamily properties, has underperformed since the Great Recession. According to the National...
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Multifamily Built-for-Rent Share Dips Slightly in Q4 2023
An analysis of quarterly Census data by the National Association of Home Builders (NAHB) revealed a slight decline in multifamily for-rent housing starts during the fourth quarter of 2023....
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Builder Sentiment Increases for the Third Month in a Row
Positive Signs for New Home Market: Builder confidence in the market for newly built single-family homes climbed four points to 48 in February, marking the highest level since August...
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NAHB: Permits for Single-Family and Multifamily Down In 2023
Over 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 909,227. On a year-over-year (YoY) basis, this is 6.5% below the December 2022 level of 972,180,...
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2023 Marks Lowest Existing Home Sales Since 1995
Existing home sales ended 2023 at a 28-year low, according to the National Association of Realtors (NAR). Declining affordability and tight inventory, further squeezed by higher interest rates, were...
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Single-Family Starts Dip, Multifamily Starts Rise in December
Despite a slight dip in overall housing starts, the single-family sector continued to show strength in December, exceeding one million units for the second consecutive month. This suggests that...
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ABC: Monthly Construction Input Prices for December 2023 Drop Sharply
According to an Associated Builders and Contractors estimate of US construction input prices, they fell 0.6% in December from the previous month. The Bureau of Labor Statistics’ Producer Price...
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NAR: Pending home sales remained unchanged in November 2023
Key Takeaways Pending home sales in November remained the same as one month ago. Month over month, contract signings grew in the Northeast, Midwest and West but they contracted...
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NAHB: Exurban Areas Post Largest Construction Gains Despite Housing Slowdown
According to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2023, single-family growth rates were negative...
