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DataDigest: Construction costs easing for homebuilders

Housing Wire

However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels. ” However, Basu notes supply chains are already facing new pressures in 2024.

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Homebuilders are all smiles right now

Housing Wire

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The gauge measuring traffic of prospective buyers increased four points to 37.

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Despite queue of buyers, homebuilder sentiment drops again

Housing Wire

For the first time since September 2021, homebuilder confidence in the market for newly built single-family homes has dropped below the 80-point mark, according to the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI), which was released on Wednesday.

Buyers 365
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Homebuilders are all smiles right now

Housing Wire

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The gauge measuring traffic of prospective buyers increased four points to 37.

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? After months of paperwork and organizing teams, many experts believe the allocated funding will start positively affecting the real estate market. Secondary Real Estate Markets On the Rise. construction sites.

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Fewer housing permits equate to further inventory, affordability challenges

Housing Wire

This has the potential to add even more economic pressure for prospective buyers looking for homes in these parts of the country, the analysis stated. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said.

Inventory 378
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New home sales fall to lowest pace in a year

Housing Wire

in May to a 769,000 seasonally adjusted annual rate, according to data released Wednesday by the Department of Housing and Urban Development and the U.S. above where they were a year ago, when COVID-related procedures froze the new home market in place. Census Bureau. Regionally, new home sales rose in two of the four regions in May.