Articles Tagged with ''housing market''

Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as the industry continues to face several challenges, including building material supply chain disruptions and tightening credit conditions for construction loans.

More than 100 top flooring executives met at the 2023 Spring Board of Directors and Associate Member Meeting at Montage Palmetto Bluff in Bluffton, South Carolina, where they discussed the health of the resilient market, opportunities in supply chain—and the future of AI in manufacturing. 

U.S. households saw homeowners and families embark on a wide variety of renovations and remodeling projects over the past year, according to a joint study from the National Association of Realtors and the National Association of the Remodeling Industry.

For the fourth straight month, builder confidence has increased due to a lack of resale inventory despite elevated interest rates, according to NAHB.

The Home Depot Foundation increased its financial pledge to communities impacted by tornadoes and severe weather this spring, taking its commitment up to $400,000 to support relief efforts across the Southeast and Midwest.  

The fallout from the regional bank collapses has led to tightening lending conditions, though not on residential mortgages. 

In recognition of New Homes Month in April, it is important to highlight that taxpayers are taking advantage of new home energy-efficiency related tax credits. A recent Internal Revenue Service data analysis by the National Association of Home Builders (NAHB) indicates that more than 800,000 taxpayers claimed a new home-related energy-efficiency tax incentive.  

The share of baby boomers has surpassed millennials and now makes up the largest generation of home buyers, according to the latest study from the National Association of Realtors. 

Housing in the United States needs considerable investment to address energy efficiency, accessibility, and disaster mitigation and recovery, according to a recent report by the Harvard Joint Center for Housing Studies.

Builder sentiment has been edging higher in the early part of 2023 as a significant amount of housing demand exists on the sidelines and resale inventory is limited.