Builder confidence plunges as rate shock, costs squeeze margins
NAHB’s October Housing Market Index for builder confidence dropped three points to 29, a low since June 2012
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NAHB’s October Housing Market Index for builder confidence dropped three points to 29, a low since June 2012
Audience Town analyzed 201,000 sales across 25 markets and found every market sold below asking
Median price fell 5.8% year over year and supply held at 8.5 months as buydowns remain entrenched
Showcasing daily life programming and social engagement can help convert hesitant active adult prospects to buying now
As new orders weakened in July, the median sales price of a new home fell to $393,800, the lowest level recorded since July 2021
Homebuilders continue to rely on incentives to drive sales. Those who buck this trend differentiate on product and community offerings