Builder Data & Analysis
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NAR: Pending Home Sales Declined 5.2% in March
According to the National Association of REALTORS, pending home sales fell in March for the first time since November 2022. Three US areas saw monthly losses, while the South...
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30-year fixed-rate mortgage rate continues to rise
According to the results of Freddie Mac’s Primary Mortgage Market Study (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 6.43 percent. “The 30-year fixed-rate mortgage increased modestly for the second...
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NAHB: March New Home Sales Jump on Lower Rates
According to freshly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family houses jumped 9.6% in March...
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NAHB: Single-Family Starts Improve in March
In March, single-family production showed signs of a steady upturn as mortgage rates stabilized and existing inventory was limited, helping to offset stubbornly high construction costs, building labor shortages,...
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Southern Pine Lumber Shipments in 2022 Reach 107-Year High
According to the Southern Forest Products Association, which tabulates shipment totals with the Southern Pine Inspection Bureau (SPIB) and Timber Products Inspection, 2022 Southern Pine lumber shipments increased over...
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ABC’s March Construction Backlog Indicator Reached its Lowest Point Since August 2022
An ABC member survey conducted from March 20 to April 3, the Construction Backlog Index fell to 8.7 months in March, according to the Associated Builders and Contractors. The...
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Mortgage Rates are on the Down
The 30-year fixed-rate mortgage (FRM) averaged 6.28 percent, according to the results of Freddie Mac’s Primary Mortgage Market Study (PMMS). “Mortgage rates continue to trend down entering the traditional...
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NAHB: New Home Sales Remained Relatively Unchanged in February 2023
Increased mortgage rates and home prices, as well as higher building expenses, all led to a drop in new home sales in February, but trends indicate that this will...
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NAR: Existing-home sales increased 14.5% in February
According to the National Association of Realtors, existing-home sales reversed a 12-month decline in February, posting the highest monthly percentage increase since July 2020. Sales increased month over month...
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Freddie Mac: Mortgage Rates Pull Back
According to the results of Freddie Mac’s Primary Mortgage Market Study (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 6.60 percent. “Mortgage rates are down following an increase of more...
