Builder Data & Analysis
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Featured Builder's Profile / Bedford MA
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NAHB: Permits for Single-Family and Multifamily Down In 2023
By Jack Bjorklund / February 14, 2024Over 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
By Jack Bjorklund / January 19, 2024Existing 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
By Jack Bjorklund / January 18, 2024Despite 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
By Jack Bjorklund / January 12, 2024According 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
By Jack Bjorklund / December 28, 2023Key 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
By Jack Bjorklund / December 5, 2023According 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...
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Single-Family Starts Flat in October Amidst Mixed Market Signals
By Jack Bjorklund / November 17, 2023Despite rising mortgage rates and supply chain constraints, the housing market showed resilience in October, with overall housing starts increasing by 1.9% to a seasonally adjusted annual rate of...
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Multifamily Developer Confidence Weak in Third Quarter Amid Financing Concerns
By Jack Bjorklund / November 16, 2023The National Association of Home Builders (NAHB) Multifamily Market Survey (MMS) revealed a decline in confidence among multifamily developers in the third quarter of 2023. The Multifamily Production Index...
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Builders and Lenders: Credit is tightening
By Jack Bjorklund / November 13, 2023The third quarter of 2023 saw a continued tightening of credit availability for residential AD&C loans, according to both the National Association of Home Builders (NAHB) AD&C Financing survey...
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Rising mortgage rates reduce housing affordability to lowest level in index history
By Jack Bjorklund / November 9, 2023Rising mortgage rates, higher construction costs, and limited current availability all contributed to housing affordability reaching its lowest level in more than a decade in the third quarter of...