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Lumber prices climbed higher for the first time since July, but prospects for single-family construction to grow look promising based on early-year data.
April 12 -
Even with the recent pickup, builder sentiment may remain below its longer-term average until borrowing costs fall more significantly.
March 18 -
While prices for concrete, steel and gypsum products all increased, softwood lumber declined, the National Association of Home Builders said.
March 15 -
Homebuilder sentiment fell to a nine-month low in October, the latest indication of the toll on residential real estate from soaring mortgage rates and declining affordability.
October 17 -
But that was offset by a decrease in most other residential construction materials, the National Association of Home Builders said.
August 14 -
Even though the price of softwood lumber has climbed up by more than 7% in the last three months, it sits 21% below its level from a year ago.
July 14 -
Construction activity in smaller cities also saw a significant annual decline, according to the National Association of Home Builders.
June 6 -
U.S. homebuilder sentiment rose for a fourth month in April as limited resale inventory helped drive demand for new houses, suggesting the residential real estate market is slowly recovering.
April 17 -
Less than one-third of households would be able to afford 2022's median-priced new home, according to the National Association of Homebuilders.
March 17 -
Interest rates and inflation are at the top of the list of problems facing the industry, but attracting consumers under current market conditions has become more concerning, according to the National Association of Home Builders.
February 13