Posts Tagged NAHB

Builder confidence drops slightly as lumber prices climb

home builder constructing a wooden frame

As the price of lumber increased, builder confidence in the market for newly-constructed, single-family homes dropped slightly in June. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence fell two points to 68, due in large part to the recent sharp rise of lumber costs in the U.S.; however, the June HMI reflects that overall confidence remains on solid ground.

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Sudden drop in Millennial homeownership points to weakening affordability; presents opportunity for home builders

house on chart showing decrease in statistics

Millennial homeownership dropped from a three-year high of 36 percent in the fourth quarter 2017 to 35.3 percent in the first quarter of this year, according to recent data from the United States Census Bureau. What’s causing young adults to start shying away from home buying? According to CNBC’s housing and real estate contributor, Diana Olick, the culprit is clear: weakening affordability and lack of available starter homes.

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Millennials lead the way in growth of new home buyers

millennial couple moving into new home

Young adults in the millennial generation are leading the charge when it comes to new home buyers. Recent data from the United States Census Bureau confirms that more millennials are entering the housing market as first time buyers, with millennials representing 36 percent of homeowners overall.

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