Tag Archives: National Association of Home Builders (NAHB)

NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals.

Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year.

Led by a double-digit gain in multifamily activity, housing permits rose 0.4% from February, and were 6.7% higher year-over-year.

For the third consecutive month, single‐family houses rose, as buyers cash in on low rates before a predicted hike in the coming months.

Month-over-month, contract signings fell 2.3% in September from August, and slid 8% year-over-year, as NAR reports nominal house price growth has been outpacing house-buying power with rates on the rise.

Economists have found that improvements in the economy and a rise in wage growth will continue to push mortgage rates upward and decrease consumer house-buying power as 2021 bleeds into 2022.

More Americans are seeking homes in a market where short supply continues to be tagged with high ticket prices as potential buyers migrate from urban apartments to suburban homes.

Supply chain issues for builders has contributed to a severe lack of inventory, which restricted home sales in September.

A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.

A drop in rates and an uptick in household income both contributed to increased buying power in July.