Builder Data & Analysis
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NAHB: Single-Family Starts Decline in June
After four consecutive monthly advances, single-family production dropped back, as rising construction costs and mortgage rates reduced home building activity and exacerbated affordability difficulties for home buyers. According to...
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Residential Building Workers’ Wage Growth Currently on a Downward Trend
After experiencing significant increases for over a year, average hourly pay for residential construction workers has been rising at a slower pace in May. Salary growth has fallen below...
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NAHB: Remodeling Market Sentiment Declined in the Second Quarter
The National Association of Home Builders (NAHB) announced its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, which had a value of 68, a two-point decrease from...
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ABC: June 2023 Construction Backlog Indicator Remained Stable, Contractor Confidence Fell
According to an Associated Builders and Contractor member poll performed from June 20 to July 5, the Construction Backlog Index stayed steady at 8.9 months in June. The reading...
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NAR: May 2023 Pending Home Sales Shrank by 2.7%
According to the National Association of REALTORS, pending home sales fell 2.7% in May compared to the previous month. Three regions in the United States saw monthly losses, while...
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NAHB: New Home Sales Surge in May 2023
According to recent data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly constructed single-family houses surged by 12.2% to...
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Dodge Construction Network: Total Construction Starts Rebound in May 2023
According to Dodge Construction Network, total building starts increased by 8% in May to a seasonally adjusted annual rate of $1.11 trillion. Nonresidential starts increased by 8% in May,...
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NAHB: Solid Growth in Single-Family Starts Recorded in May 2023
Single-family starts reached an 11-month high in May thanks to a combination of low existing inventory, strong demand, and advancing supply chains. According to a study from the U.S....
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NAHB: June 2023 Builder Confidence Rose to Positive Territory
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) issued today, builder confidence in the market for newly built single-family homes increased five points...
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NAR: US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers
According to a new report from the National Association of Realtors and Realtor.com, the United States housing market is short more than 300,000 affordable houses for middle-income buyers. The...
