Homebuilders

Skyrocketing prices for materials and widespread shortages are behind the surprise decline in building activity in January.

Another sign that supply chain issues, inflation, and omicron are further disrupting the economy.

Housing starts disappointed in October as builders grappled with supply shortages and scarce labor.

Strong demand and a moderation in the price of lumber boosted homebuilder sentiment in September.

Spending to build new single-family homes rose sharply in July even though housing starts fell by more than expected, indicating that inflation is weighing on the housing market by pushing costs higher.

“Higher construction costs and supply shortages along with rising home prices pushed builder confidence to its lowest reading since July 2020,” the NAHB said.

An unexpected dip in builder sentiment as high prices and rising costs bite into red-hot market.

The home building industry’s confidence was shaken by high-priced materials and rising interest rates in March, according to research from a trade group released Tuesday.

Homebuilder confidence rose one point to a score of 84 in February, the National Association of Home Builders said Wednesday. Economists surveyed by Econoday had predicted the measure to remain flat with January’s 83.

Homebuilder confidence set a record high for the third consecutive month.

Homebuilders started construction on new homes at a seasonally adjusted annualized rate of 1.021 million, 12.1 percent higher than a year ago and up 4.1 percent from the prior month. Single family home construction rose in the West and Midwest

Americans are seeking homes outside of the cities in the aftermath of riots, looting, police defunding campaigns, resurgent crime, and months-long lockdowns

Homebuilder confidence unexpectedly jumped higher in December, htting the highest level since 1999.

A warning flare just went up from homebuilders.