by NAHB Driven by strong buyer demand and the expectation of higher mortgage rates, new home sales ended the year on a strong note, reaching their highest level since March 2021. Sales of newly built, single-family homes in December increased 11.9% to an 811,000 seasonally adjusted annual rate from a downwardly revised reading in November, according to newly released data by the U.S. Department of...
NAHB At the urging of NAHB and other business groups, the U.S. Supreme Court has agreed to hear a challenge to the Clean Water Act that would clarify an earlier ruling from the nation’s highest court issued in 2006. The Supreme Court indicated it will hear the case perhaps when its new term begins in October. NAHB and other stakeholders are hoping the decision will provide the regulatory certainty...
by NAHB Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in home builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-family homes moved one point lower to 83 in January, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today. The HMI has hovered at the 83 or 84 level, the same...
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