Lack of Progress on Inflation Pushes Homebuilder Sentiment Back Into Negative Territory
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.
The Fed’s interest rate policy is not weighing on home building as much as it had last year.
The rapid rise in mortgage rates has pushed many owners of existing homes out of the market, giving a boost to home builders and the market for new homes.
A funny thing happened on the way to the recession.
Tempers are on show as rebels attempt to amend the govt’s flagship housebuilding bill, with detractors calling them “selfish and wicked”.
Homebuilder sentiment weakened for the eighth straight month, falling into negative territory for the first time since the pandemic first hit.
The U.S. government should import foreign workers for home construction jobs and also pay them with shares of American citizenship, an industry executive demanded Wednesday at an advocacy event held by the U.S. Chamber of Commerce.
The great rush for homes is making this the best market ever for builders.
Homebuilder confidence hit the record high set in 1998.
Both permits and housing starts showed strong signs of a solid recovery in October.
Renewed confidence among home builders hints at a recovery in one of the markets that slumped most in 2018.
The results show that strong demand for housing from Americans, fueled a stronger economy and very low unemployment, is more than enough to offset the impact from higher materials costs and alleged labor shortages.
Home builders remain solidly confident but express worries that prices of labor and materials could be pushing up their costs.
While lumber prices are up sharply this year, there is little evidence connecting the tariffs to the rise. Instead, the major factor appears to be increasing demand for new homes.
President Trump’s tightened labor market through increased enforcement of immigration is forcing home builders to recruit American women, rather than relying on cheap, illegal alien workers.