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Building material prices take their toll on new home sales

Housing Wire

Census Bureau and the Department of Housing and Urban Development. In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. to the highest level since 2006.

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Regulatory costs add nearly $94K to new home prices

Housing Wire

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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New home sales fell again in February

Housing Wire

Department of Housing and Urban Development and the U.S. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. After dropping 4.5% month-over-month in January , new home sales were down again in February, decreasing 2.0% in February. after a 10.4%

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As prices rise, builder confidence falls from record highs

Housing Wire

Robert Dietz, chief economist for NAHB, said the issues that have limited housing supply in recent years, including land and material availability and a persistent skilled labor shortage, will continue to place upward pressure on construction costs. According to the NAHB, the price of lumber isn’t helping builder confidence either.

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The nation’s housing market is on a correction course

Housing Wire

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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Are new home sales flagging a recession?

Housing Wire

Census Bureau and the Department of Housing and Urban Development. months and above, the builders will pull back on construction. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 The only time this has happened was the 2006-2011 period. This is 16.6 percent (±10.4

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Can 3-D printed homes help solve the housing crisis?

Housing Wire

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.