NAHB

Developer confidence in multifamily production weakened in the third quarter to its lowest reading since 2011, according to the National Association of Home Builders.

After nearly five years of being the nation's least affordable housing market, San Francisco was surpassed by another California city as the national median home price increased, according to the NAHB/Wells Fargo Housing Opportunity Index.

As employment and home prices reach and surpass previous levels of normal economic and housing activity, building permits continued holding markets back from hitting historic norms during the third quarter, according to the National Association of Home Builders.

Pricey U.S. housing markets, from the New York suburbs to California's coastal cities, could take a direct hit under the tax-reform bill released by House Republicans.

Hopes that tax reform might soften a weakening of the mortgage interest deduction were quickly dashed as the GOP plan landed a double punch on the incentive cherished by the mortgage and housing industries.

Lennar Corp.'s record takeover of CalAtlantic Group Inc. is a bullish sign for homebuilding in the U.S. Trade groups, meanwhile, worry that lawmakers are about to kneecap the industry.

Some housing groups are warming to an idea that they say could help more Americans benefit from housing-related subsidies than the mortgage interest deduction.

A rebound in homebuilders' confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data from the National Association of Home Builders/Wells Fargo.

While the House disaster relief bill would provide $16 billion in debt relief for the National Flood Insurance Program, it does not include a Trump administration proposal to ban new construction in flood-prone areas.

The National Association of Home Builders is backing off long-held support for the mortgage interest deduction in hopes that the Trump administration can deliver on its promise of lower taxes.