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U.S. Lot Values Trail Inflation in Most Regions

October 2, 2023 | Comments Off on U.S. Lot Values Trail Inflation in Most Regions

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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Why Nominate an Associate for NAHB’s 2023 Leadership Grant?

October 2, 2023 | Comments Off on Why Nominate an Associate for NAHB’s 2023 Leadership Grant?

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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A Behind-the-Scenes Look at our 2023 Golf Classic

September 25, 2023 | Comments Off on A Behind-the-Scenes Look at our 2023 Golf Classic

video created by Timberworks Studio

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High Mortgage Rates Continue to Weaken Builder Confidence

September 18, 2023 | Comments Off on High Mortgage Rates Continue to Weaken Builder Confidence

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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New Home Sales Increase in July Despite Higher Mortgage Rates

August 28, 2023 | Comments Off on New Home Sales Increase in July Despite Higher Mortgage Rates

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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