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Ongoing supply-demand imbalance drives housing activity

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... Read More

Rising inflation looms over the housing market

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... Read More

Mounting inflation slows construction

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... Read More

Housing activity holds steady as consumer confidence slides

Housing activity was largely positive in September, although the pace of growth has slowed from its white-hot trajectory following the COVID-19 pandemic. New and existing housing supply activity, September 2021 Single-family housing authorizations increased 6.81% year over year. Existing housing maintenance volume increased 2.01% year over year. Existing housing remodel volume slightly decreased 0.22% year... Read More

Housing activity growth slows as consumer confidence wanes

Housing activity showed healthy growth in August, although the pace of growth has decelerated in recent months—an indication of market stabilization. New and Existing Housing Supply Activity, August 2021 Single-family housing authorizations increased 9.05% year over year. Existing housing maintenance volume increased 2.50% year over year. Existing housing remodel volume slightly decreased 0.19% year over... Read More

Housing market shows signs of stabilizing

The housing market showed healthy year-over-year growth across new and existing housing activity in July, although the pace of growth slowed in recent months. This time last year, housing activity showed the first signs of growth following the initial shocks of the COVID-19 pandemic. While housing activity has continued its upward trajectory at the national... Read More
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