Housing Developments

As we head into the prime spring building season, home builders are growing more optimistic about the market in 2023. It's a cautious optimism, but optimistic nonetheless.

Consumers got a little love on Valentine's Day, as inflation cooled in January, albeit at a slower pace than the previous month. It was probably not enough to stave off another interest rate increase, but the Fed's tightening cycle is clearly nearing its end.

Housing affordability is at its lowest point ever, which should surprise no one. But on the bright side, politicians from both parties are now focusing on the issue, as the powerful Senate Banking Committee devoted its first hearing of the year to housing.

Potential home buyers desperately need more homes to choose from and home builders desperately want to build homes. What's getting in the way? The usual.

New NAHB Chairman Alicia Huey joins The Daily Drill to talk about the issues facing the housing industry and previewing her testimony to Congress tomorrow on the administration's water rules.

NAHB's International Builders' Show wrapped last week and it was one of the largest conventions ever. And the mood around the show was surprisingly upbeat as positive economic news came in.

Existing home sales fell in December to the slowest pace since 2010 in the depths of the Great Recession. Mortgage rates are the main culprit.

Let's talk about an oddly-positive housing starts report that showed some strength in single-family home building.

The NAHB/Wells Fargo Housing Market Index (HMI) showed the first increase in home builder confidence in a year. Are we seeing the bottom of the home building slowdown?

A boost in consumer confidence ends a good week of economic data. If inflation is easing and consumers are more confident in the economy, what will the Fed do with interest rates?

Let's take a look at the positive inflation report from this morning showing that consumer price inflation is slowing. NAHB Chief Economist Rob Dietz shares his forecast on how the Fed will react.

There has been data released recently that suggests inflation is cooling rapidly, meaning there is a chance the Federal Reserve reverses its monetary policy as soon as this summer. A pipedream? Maybe, but the data doesn't lie.

Now that the U.S. House of Representatives has a Speaker, Congressional business can commence. What will a change in party control in the House mean for housing?

While Congress continues to be paralyzed by the House's search for a Speaker, the U.S. economy showed signs of resilience with some very good jobs data. NAHB Chief Economist Rob Dietz explains.

The U.S. House of Representatives has seen its business paused as the new Republican majority attempts to elect a Speaker. Will this impact legislation and the other work of Congress? Also, a report noted that residential construction spending declined in November, no surprise given current conditions.

Happy New Year! Or will it be? The Biden Administration announced a change to water rules last week on the last business day of 2022, one that will have a huge impact on home builders and developers.

It was a busy week for housing data in the run-up to the holidays, culminating in new home sales today. Everyone have a safe and happy holiday season, and we'll see you again in 2023!

Despite the Fed's best efforts, employment continues to be strong, including in the construction sector.

Existing home sales came out today, and they fell again, as they have all year. Also, Congress is trying to get a spending bill through before the holidays, blizzard, and a change of power.

Housing starts and permits came out today, and the news isn't great. Hear from NAHB Chief Economist Rob Dietz as he explores what 2023 might look like in home building.