Top Ten Builder Share Declines in 2023
The top ten builders accounted for 42.2% of all new single-family home closings in 2023, down 1.3 percentage points from 2022 (43.5%). This is the second highest share captured by…
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Building Material Prices Continue to Rise in March
Inputs to residential construction, goods less food and energy, increased for the fifth straight month, according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau…
Single-Family Starts Remain Lackluster but Will Rebound Later This Year
Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage rates, high construction costs and tightening credit conditions that threaten to be exacerbated…
Single-Family Production Continues to Decline, Multifamily Permits Weakening
Single-family housing starts continued to fall in November, with the pace of construction down 32% since February when mortgage rates began to rise. The housing market continues to weaken because…