Over the past 15 years, the United States has not built enough houses to keep up with growing demand. The problem intensified during the pandemic as demand skyrocketed because of the shift to working from home and historically low mortgage rates encouraged this move. We estimate that at the end of ... READ MORE >
homebuilders
CHART OF THE DAY: Housing permits hold while lack of materials stifles starts
Homebuilders continue to be bullish on the American housing market as housing permits remained above 1.7 million for the fifth straight month, coming in at 1.76 million in April, according to government data released Tuesday. We expected permits to remain strong as they are often a result of ... READ MORE >
CHART OF THE DAY: Homebuilder confidence reaches all-time high
Confidence among homebuilders reached an all-time high in November as buyers looking for more room to live and work continued to enter the market, according to the National Association of Homebuilders Housing Market Index released on Wednesday. The index, which rose to 90, is a composite measurement of ... READ MORE >
CHART OF THE DAY: Home builder optimism reaches record high
Many industries are still recuperating from the impact of the pandemic, but housing has been fortunate to experience a V-shaped recovery. Not only has the Housing Market Index from the National Association of Home Builders recovered to pre-pandemic levels, it has now matched December 1998 for an all-time ... READ MORE >
Americans face housing affordability crisis as paltry inventory sends costs higher
The decline in housing numbers reported for December on Wednesday is tied to the dwindling available supply of housing for purchase. Pending home sales reported by the National Association of Realtors through December 2019 decreased 4.9% month over month; however, the year-over-year comparison shows a ... READ MORE >