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
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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.
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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.
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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.
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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.
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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.
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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.
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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.