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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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 construction increased alongside an uptick in homebuilder confidence, and existing housing activity showed healthy growth with pool construction surging compared to pre-pandemic levels. Although the spread of the delta variant and rising …
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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 …
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Housing activity continues to show signs of stabilizing as the pace of growth has slowed in recent months. While new construction and maintenance activity showed healthy increases in August, remodel volumes experienced the first, albeit slight, year-over-year decrease for the first time since June 2020. This decline could suggest that consumer confidence in the housing …
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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 …
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