The National Association of Home Builders is reporting this week that U.S. builder confidence took a steep drop in May 2022 as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation are taking a toll on buyer demand. Builder confidence in the […]
According to the National Association of Home Builders, the single-family housing market continued to show signs of slowing in April 2022 as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market. Due to a surge in multifamily production, overall housing starts held fairly […]
Third consecutive monthly sales decline in 2022 ccording to the National Association of Realtors, existing-home sales recorded a third straight month of declines, slipping slightly in April 2022. Month-over-month sales were split amongst the four major U.S. regions, with two areas posting gains and the other two experiencing waning in April. Year-over-year sales struggled, as […]
