News
FHA Increases Loan Limits for 2023
The Federal Housing Administration (FHA) on Dec. 1 announced its loan limits for 2023. The nationwide rise in median home prices indicates most buyers across the country will see increases.
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Multifamily Developer Confidence Declines Significantly in the Third Quarter
The prospects for continued high levels of multifamily development declined significantly in the third quarter, as did the prospects for continued high occupancy rates, according to results from…
Housing Affordability Falls to More than 10-Year Low as Rising Interest Rates Take a Toll
Housing affordability fell to its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012 as rising mortgage rates, ongoing building…
A Six-Step Strategy to Reset Material and Labor Costs
The dramatic run-up of home building costs over the past two years, coupled with rising mortgage rates, has worsened the housing affordability crisis — but maybe not in the way you think or have…
Which Features Do Today’s Home Buyers Want Most?
As communities continually evolve — especially in this post-pandemic era — consumer research can inform how to deliver the features and value that prospective home buyers seek.
“Facing…
Is Interest in Offsite Construction Rising Post-Pandemic?
The home building industry has faced a number of challenges in the wake of Covid — supply-chain issues and rising material costs in particular, as well as an ongoing skilled labor shortage — that…
Remodeling Market Sentiment Softened in Third Quarter but Remains Positive
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter, posting a reading of 77, declining 10 points compared to the…
Builder Business Grew Significantly in 2021
The business of the typical NAHB builder grew significantly between 2020 and 2021, according to results from NAHB's latest …
Help Shape Building Codes with NAHB Voting Guide
Building officials, inspectors and other governmental members of the International Code Council (ICC) will soon begin voting on proposed changes to the International Residential Code (IRC).…
Builder Confidence Falls for Ninth Straight Month as Housing Slowdown Continues
In another sign that the slowdown in the housing market continues, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent…