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.
Tag: Homebuilding
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.