NAHB will once again honor select Associate members with a grant of $1,500 to use toward their travel expenses to attend the International Builders’ Show (IBS) in Las Vegas. Attending IBS will give these Associates the unique opportunity to learn from the industry’s best, discuss findings in breakout sessions, discover new partnerships, and network among the more…
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Persistently high mortgage rates above 7% continue to erode builder confidence, as sentiment levels have dropped below the key break-even measure of 50 for the first time in five months. Builder confidence in the market for newly built single-family homes in September fell five points to 45, according to the National Association of Home Builders…
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Low existing inventory and solid demand more than offset rising mortgage rates and elevated construction costs to boost new home sales last month. Sales of newly built, single-family homes in July increased 4.4% to a 714,000 seasonally adjusted annual rate from a downwardly revised reading in June, according to newly released data by the U.S.…
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A lack of existing inventory and solid demand helped offset rising mortgage rates and push single-family production higher in July, even as builders continue to grapple with elevated construction and financing costs as well as a lack of skilled labor. Overall housing starts increased 3.9% in July to a seasonally adjusted annual rate of 1.45…
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