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.
Tag: National Association of Home Builders/Wells Fargo Housing Market Index
Builder Confidence Edges Higher Despite Rising Rate Concerns
Home builder confidence increased slightly over the past month, posting a one-point gain to 56, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
April Home Builder Sentiment Up 1 Point
Ahead of Tuesday’s New Residential Construction report, the National Association of Home Builders reported builder confidence in the market for newly built single-family homes in April rose for the fourth straight month.
March Builder Confidence Up Third Straight Month; NAHB Says Future Outlook ‘Uncertain’
Builder confidence in the market for newly built single-family homes in March rose for the third straight month, but the National Association of Home Builders said economic volatility makes the longer-term outlook uncertain.
Builder Confidence Up for 1st Time in a Year
Builder confidence in the housing market rose for the first time in 12 months, the National Association Home Builders reported Wednesday, as a drop in mortgage interest rates brought out more potential new home buyers.
Builder Confidence Plunges on Rising Interest Rates, Growing Affordability Woes
In the first of several major housing reports this week, the National Association of Home Builders said builder confidence took a steep drop in May as growing affordability challenges amid rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation took a toll on buyer demand.
MBA November Builder Applications Survey Down 3% From October; 2.2% from Year Ago; Home Builder Sentiment Up
Mortgage applications for new home purchases fell in November by 3 percent from October and by 2.2 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Builder Confidence Edges Lower as Material Challenges Persist
Strong buyer demand partially offset building material supply-side challenges, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, the National Association of Home Builders/Wells Fargo Housing Market Index reported.