High mortgage rates and economic uncertainty continued to keep potential homebuyers on the sidelines and constrain new home sales in September, according to the National Association of Home Builders. Sales of newly built single-family homes decreased 0.6% in September to …
Read More »Tag Archives: affordability
Consumers to Keep Affordability Top of Mind This Holiday Shopping Season
More than half of holiday shoppers (56%) say the state of the economy will affect their holiday spending plans this year, according to the National Retail Federation’s annual consumer survey conducted by Prosper Insights & Analytics. Among those consumers, 43% …
Read More »Builder Confidence Remains Low in June
Builder confidence in the market for newly built single-family homes fell two points to 35 in June amid rising material costs, elevated mortgage rates and continued affordability challenges impacting the housing market, according to the National Association of Home Builders/Wells …
Read More »Regulatory Costs Remain a Major Driver of Home Prices
According to a new study conducted by the National Association of Home Builders (NAHB), regulations at the federal, state and local levels have added $131,734 to the cost of a new single-family home, 26.4% of the average sales price of …
Read More »Existing Home Sales Slightly Up in April
Existing home sales edged up in April after reaching a nine-month low in March, but sales remained at historically low levels, according to an analysis from the National Association of Home Builders. Elevated mortgage rates and inflation driven by the …
Read More »Inflation Impacting Housing Affordability
In a recent e-newsletter, National Association of Home Builders (NAHB) chief economist Robert Dietz shared his insights on the current and future economy and provided housing market updates. The rising mortgage interest rates and stricter policies from the Federal Reserve …
Read More »Federal Changes to Housing Affordability
Homeownership benefits home improvement retailers for clear reasons, including the fact that homeowners maintain and upgrade their houses with products retailers sell. Buying, though, is more difficult than it used to be, due to high prices and a limited number …
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