Homebuilder confidence edged higher in December because of strong consumer demand and lack of inventory, according to the NAHB/Wells Fargo Housing Market Index. The supply-demand imbalance propelled housing activity in 2021; however, homebuilders continue to face headwinds from supply-chain disruptions, labor shortages, and expensive building materials. These factors are likely beginning to curb new construction …
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The supply-demand imbalance propelled housing activity in 2021. While new construction activity saw tremendous growth, activity plateaued in recent months as homebuilders continue to face headwinds from supply-chain disruptions, expensive building materials, and severe labor shortages. Download the full report for the latest insights on U.S. housing activity. The BuildFax Housing Health Report leverages U.S. …
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Following two unprecedented and unpredictable years, some major unknowns loom over the housing market, including rising inflation. The consumer price index rose 6.8% year-over-year in November – the greatest 12-month increase since 1982. Higher than expected inflation in 2022 could dampen the housing market outlook, and there are concerns about whether new construction can sustain …
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As 2021 ends, there are concerns about whether homebuilding can sustain its pace amid inflationary pressures. This month, maintenance and remodel project costs jumped as homebuilders continue to face headwinds from supply-chain disruptions, labor shortages, and expensive building materials. Higher than expected inflation in 2022 could dampen the housing market outlook and further exacerbate the …
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Homebuilder confidence unexpectedly jumped in October, despite expensive building materials and acute labor shortages that continue to strain the construction industry. Homebuilders have struggled to meet strong consumer demand that was perpetuated by the COVID-19 pandemic, as the current supply of homes on the market remains historically low. This month, single-family housing authorizations remained relatively …
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In October, single-family housing authorizations remain relatively unchanged year over year, and the pace of growth has slowed since May. The current supply of homes on the market remains historically low, putting upward pressure on prices due to strong demand and supply-side constraints. Looking ahead, it is likely that higher inflation from housing will continue. …
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The market experienced steady year-over-year growth across almost all housing indicators in September. Single-family housing authorizations were up for the second consecutive month, signaling strong demand and homebuilder confidence in the market. New construction grew alongside construction employment in the U.S. last month. However, construction employment remains well below levels seen in the months preceding …
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In September 2020, housing activity continued to climb, driven in part by a deferred spring homebuying season and strong homebuyer demand. Existing housing activity should continue to grow at a steady pace as newly purchased homes undergo renovations or existing homeowners prep their property for sale. For the latest insights into the impact of COVID-19 …
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Housing activity experienced notable growth in August, seemingly spurred along by historically low mortgage rates and increases in consumer demand driven by post-pandemic shifts in homebuying behaviors. In the new construction sphere, single-family housing authorizations increased, a sign that housing activity is advancing in the face of the pandemic. As builders work to close the …
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In August 2020, housing activity experienced blanket increases for the first time since November, driven by consumer demand for both new construction and a healthier housing stock. One example is the unprecedented rise in pool construction across the United States. Year over year, pool construction grew a whopping 35.9% in August, a sign of shifting …
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