With inflation gradually easing and builders anticipating mortgage rates will moderate, builder sentiment moved higher for a second consecutive month, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Tag: NAHB/Wells Fargo Housing Market Index
Builder Sentiment Rises as Rates Fall
Builder confidence in the market for newly built single-family homes edged up slightly in September, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
High Mortgage Rates Weigh Down Builder Confidence
Mortgage rates in the 7% range and elevated construction financing costs continue to damp builder sentiment, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
NAHB: Builder Sentiment Flat in April
The National Association of Home Builders, Washington, D.C., found builder sentiment was flat between March and April in its NAHB/Wells Fargo Housing Market Index.
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.
Builder Sentiment Increases for Third Consecutive Month
Expectations that mortgage rates will continue to moderate, the prospect of future rate cuts and a protracted lack of existing inventory boosted home builder sentiment for the third straight month.
NAHB/Wells Fargo: Housing Affordability Nears Historic Low
Mortgage rates that hit a 20-plus-year high during the fourth quarter and elevated construction costs pushed housing affordability to nearly its lowest level in years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
Home Builder Sentiment Surges on Falling Interest Rates
Builder confidence in the market for newly built homes climbed seven points to 44, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
NAHB/Wells Fargo: Builder Sentiment Rises as Rates Dip
Falling mortgage rates helped end a four-month decline in builder confidence, and recent economic data signal improving housing conditions heading into 2024, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
Rising Mortgage Rates Harming Housing Affordability: NAHB/Wells Fargo
Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter to its lowest level in more than a decade.