The industry’s mood continues to brighten, a trade group says, but sourcing sophisticated equipment remains a challenge.
You may not think much about electrical distribution transformers, but not having them can delay entire housing developments and grid updates.
High interest rates are hitting the construction industry, but homebuilder confidence keeps growing, given the steady demand for new construction.
Builders find there’s high demand for new developments, but they’re also finding it harder to convince banks to loan them money.
More buyers are turning to newly constructed homes as fewer owners of existing homes choose to sell.
High mortgage rates are causing homebuilders to pull back. A measure of sentiment has dropped to its lowest level since 2012.
The National Association of Home Builders’ latest survey also shows that 13% of builders reported cutting prices.
Jerry Howard, CEO of the National Association of Home Builders, discusses the challenges facing his industry.
The National Association of Home Builders’ index is higher than it’s been in decades, driven by strong demand and limited inventory.
