Builder Confidence Rises on Low Housing Inventory

In the first of several major housing reports this week, the National Association of Home Builders said builder confidence jumped in May as low existing home inventories drew home buyers to new home construction.

Home Builder Optimism Rises 2nd Straight Month

Home builder sentiment rose by seven points in February, the National Association of Home Builders said Wednesday, to its highest levels since September and signaling optimism going into the spring home buying season.

Builder Confidence Falls for 11th Straight Month

Builder confidence in the market for newly built single-family homes posted its 11th straight monthly decline in November, the National Association of Home Builders reported Wednesday, citing elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines.

Sharp Slowdown Expected in Home Remodeling

The Leading Indicator of Remodeling Activity, a quarterly forecast from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, Cambridge, Mass., projects year-over-year growth in homeowner remodeling and repair spending to shrink from 16.1 percent in 2022 to 6.5 percent by the third quarter 2023. And The National Association of Home Builders Remodeling Market Index for the third quarter posted a 10-point year over year decline in the third quarter, falling to 77.