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Builder Confidence Remains Strong but Dips in December from Record High

Despite the decline, this is still the second-highest reading in the history of the series, after last month’s 90.

December 30, 2020

Ending a string of three successive months of record highs, builder confidence in the market for newly built single-family homes fell four points to 86 in December, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Single-Family Housing Starts at Highest Pace Since Spring of 2007

Single-family starts in October 2020 increased 6.4% to a 1.18 million seasonally adjusted annual rate and were up 8.6% year-to-date.

December 9, 2020

Led by solid gains in single-family production, overall housing starts increased 4.9% in October 2020 to a seasonally adjusted annual rate of 1.53 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Strong Sales Lift Builder Confidence to New Record High in November

Builder confidence levels have hit successive all-time highs over the past three months.

November 23, 2020

Builder confidence in the market for newly built single-family homes increased five points to 90 in November, shattering the previous all-time high of 85 recorded in October, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Remodeling Industry Confidence Surges in 2020 Third Quarter

Findings from the National Association of Home Builders’ recent Remodeling Market Index signals residential remodelers’ strong confidence in their markets, for projects of all sizes.

November 6, 2020

The National Association of Home Builders recently released its Remodeling Market Index for the third quarter of 2020.

New Home Sales at Highest Pace Since September 2006

On a year-to-date basis in August, new home sales were up in all four regions.

October 14, 2020

Sales of newly built, single-family homes in August topped the 1 million mark and reached their highest pace since September 2006.

Builder Confidence Soars to All-Time High while Lumber Risks Remain

The previous highest reading of 78 in the 35-year history of the series was set in December 1998 and matched last month.

September 21, 2020

Builder confidence in the market for newly built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Skilled Labor Fund Receives Grant from The Home Depot Foundation and National Association of Home Builders

The Skilled Labor Fund was founded in 2017 with a mission to fund trade school scholarships and alleviate industry labor shortages.

September 14, 2020

The National Housing Endowment’s Skilled Labor Fund recently announced a new grant from The Home Depot Foundation and the National Association of Home Builders (NAHB).

Housing Production Increases Almost 23% in July

Single-family starts increased 8.2% to a 940,000 seasonally adjusted annual rate, while the multi-family sector jumped 58.4% to a 556,000 pace.

September 1, 2020

Single- and multi-family housing starts each posted solid gains in July, with total housing production up 22.6% to a seasonally adjusted annual rate of 1.5 million units.

Builder Confidence Matches All-Time High on Record Traffic

The Housing Market Index now stands at its highest reading in the 35-year history of the series, matching the record that was set in December 1998.

August 21, 2020

Builder confidence in the market for newly built single-family homes increased six points to 78 in August, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).