How the Trump tariffs are affecting US homebuyers

The Trump administration’s trade policy is putting greater strains on an already inventory-starved real estate market and driving up home prices, according to a trio of real estate economists.

Higher lumber costs have boosted new home prices by $9,000

While rising mortgage rates and historically low inventory levels are often to blame for rising single-family home prices, there’s another culprit: lumber. 

Housing Starts Spike to 11-Year High, Permits Stumble

Following a dip last month, housing starts rebounded in May, up 5 percent to 1.35 million from the revised April estimate of 1.286 million, according to recent data released by the U.S. Department of Housing and Urban Development and the Commerce Department. Meanwhile, single-family housing starts jumped up 3.9 percent since April to 936,000, the […]

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Elevated Lumber Prices Lead to Builder-Confidence Slip

Builder confidence dropped down two points to 68 in June, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Experts say elevated lumber prices are to blame; however, the overall sentiment is still strong, as any above-50 readings point to a positive outlook. “Builders are optimistic about housing market […]

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The top 5 most common remodeling projects for homeowners

The National Association of Home Builders on Wednesday released a survey detailing which rooms of the house people remodel most frequently. Kitchens, which have previously taken the top spot as the most remodeled room in the house, have been overtaken …

Here’s why new home construction is down so much

Michael Neal, an analyst with the National Association of Home Builders, estimated that only about 890,000 single-family homes will be built in 2018 — nearly 1 million short of annual growth projections by the U.S. Census Bureau, which includes migrat…

Sweet tea, anyone? Americans love their front porches

If you’ve noticed an increase in homes with front porches, it’s not just your imagination. According to a data analysis from the National Association of Home Builders, 65 percent of new single-family homes started in 2016 included a front porch …

Builders Put Stock in Trump as Confidence Inflates to 2005 High

Home builders’ confidence in the housing market inflated to its highest reading in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) since July 2005, indicating a renewed sense of optimism after the results of the election. The Index now reads 70. “This notable rise in builder sentiment is largely attributable to […]

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Why Millennials Deserted the Home-Building Sector

The millennial demographic continues to infiltrate itself into the workforce; however, barely any of them have gone into construction. That is not a surprising fact, given that 76 percent of builders indicated cost and availability of labor as their major problem in 2015, according to a recent poll conducted by the National Association of Home Builders (NAHB). […]

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Builder confidence ‘remains solid’ despite weak GDP reports

When builders are confident in their business, it’s a good sign that the housing market is booming and they have plenty of incentive to keep creating new inventory. And for 30 years, the National Association of Home Builders and Wells Fargo has measured this sentiment among builders of new single-family homes on a monthly basis. So how is August faring …