Single-family construction registered modest gains in small metros and declines in large metros while apartment growth is shifting to counties with lower population densities, the National Association of Home Builders’ Home Building Geography Index reported.
Tag: Homebuilding
NAHB Reports Builder Sentiment Rises Above Breakeven Point
Strong demand and mortgage rates below last fall’s cycle peak helped push builder sentiment above a key marker in March, the National Association of Home Builders/Wells Fargo Housing Market Index reported Monday.
Redfin: New Builds as Share of Homes for Sale in Q4 Near Record High
Redfin, Seattle, found in a recent report that 31.8% of U.S. single-family homes for sale in the fourth quarter were new construction, just shy of the all-time fourth quarter high of 31.9%.
Home Builder Sentiment Dips Again: NAHB
Builder confidence in the market for newly built single-family homes fell six points to 34 in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index, the fourth consecutive monthly drop in builder confidence.
New Home Lot Supply Falls to Record Low
The supply of single-family lots ready for homebuilders to build on fell to a new low in the third quarter, reported Zonda, Newport Beach, Calif.