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.
Tag: 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.
Elevated Mortgage Rates Hammer Builder Confidence
Stubbornly high mortgage rates that have remained above 7% for the past two months are taking a heavy toll on builder confidence, as sentiment levels dropped in October to the lowest point since January.
Builder Confidence Drops in September, NAHB Reports
High mortgage rates are continuing to erode builder confidence, the National Association of Home Builders, Washington, D.C., reported, noting the sentiment levels dropped below the break-even measure of 50 for the first time in five months.
Builder Confidence Drops in September, NAHB Reports
High mortgage rates are continuing to erode builder confidence, the National Association of Home Builders, Washington, D.C., reported, noting the sentiment levels dropped below the break-even measure of 50 for the first time in five months.