Despite mortgage rates that are at a 23-year high, new home sales posted a double-digit percentage gain in September because of a lack of inventory in the resale market. Sales of newly built, single-family homes in September increased 12.3% to a 759,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department…
Read More
In a positive development for NAHB and the housing industry, Federal Reserve Chairman Jerome Powell has signaled that the central bank is unlikely to raise rates further unless clear signs emerge that strong economic growth could trigger a rise in inflation. As reported by the Wall Street Journal, Powell said during an address in New…
Read More
Using the 2021 American Housing Survey (AHS), NAHB investigated the characteristics of recent home buyers – defined as households who purchased homes in the two years preceding the date the 2021 AHS was conducted – in a new special study. According to this criterion, roughly 10.2 million households recently bought and moved to a new…
Read More
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…
Read More
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…
Read More