New Construction

The National Association of Home Builders Reports Low Point Among Builder Confidence

By Douglas Katz – 08/14/2022 Mortgage rates continue the upward trend slowing buyer activity, to include new construction. Builders are reacting to market conditions with a lower confidence which has been the case for almost a year. Inflation and other negative market conditions are pointing toward this concern for the foreseeable future. It is no […]

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Single Family Housing Starts Drop by 8.1% in June – How Will it Impact Buyers?

By Douglas Katz – 07/19/2022 The government released data this week pointing to a discernable drop in housing starts, i.e. new construction.  The overall reported drop was around 2%.  Single family housing starts were more pronounced with a drop of 8.1%.  This drop is likely ties to builders waning confidence in the housing market and

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Bad News for Homebuyers as Builders Confidence Falters

By Doug Katz – 06/16/2022 The National Association of Home Builders (NAHB) recently conducted a poll regarding the confidence of builders in the future housing market.  The outcome was not encouraging.  In all three components of the poll, current single-family homier sales, future single-family home sales and traffic of prospective buyers, builders were pessimistic about

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