In a case that could have significant repercussions for the housing industry, the U.S. Supreme Court on Oct. 3 heard oral arguments in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America. The case centers on whether the way the CFPB receives its funding is a violation of the Appropriations Clause of the…
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Lot values for single-family detached (SFD) spec homes continued to rise in 2022, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, with the U.S. median lot value at $56,000 for SFD for-sale homes started in 2022. Even though lot values continued to rise across most regions, the overall U.S. inflation…
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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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