Industry News

Builder Confidence Remains on Solid Footing in March

Tom Oslund

Builder confidence in the market for newly built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the NAHB/Wells Fargo Housing Market Index (HMI) but remains in strong territory.

“Builders’ optimism continues to be fueled by growing consumer demand for housing and confidence in the market,” said NAHB Chairman Randy Noel. “...

A Popular Bridge to Homeownership for Younger Buyers

Tom Oslund

Even though millennials had the largest increase in homeownership rate among all age groups in 2017, many would-be buyers continue to feel stuck on the sidelines because of the limited number of entry-level homes.

Most builders know there’s strong demand for entry-level homes, but the rising costs of construction are making it much more challenging to generate large enough margins to...

Home Price Increases Since 2011 More Than Triple Income Gains

Tom Oslund

While home price increases softened slightly in the fourth quarter of last year, the National Association of Realtors® (NAR) said, an uptick in existing home sales further exhausted available inventories. NAR's quarterly metropolitan area housing report puts the national median existing single-family home price at $247,800 at the end of 2017, up 5.3 percent from the fourth quarter of 2016. The...