Homebuilder Confidence Edges Higher Despite Affordability Headwinds

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.

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.

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.