The Latest Breaking News from NAHB

Homebuilders are revving up construction as mortgage rates decrease, sparking hope for a rebound in the housing market next year.

Higher mortgage rates have, so far, failed to blunt gains for new home construction. But that could change as homebuilder sentiment begins to turn.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed +0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed +0.15%. Stocks on Monday stabilized after last Friday’s sell-off. Bullish factors Monday centered...

The IBD homebuilder industry group ranks fifth out of 197, with the group advancing 29% in 2023.

The dollar index (DXY00 ) on Tuesday rose by +0.12%. The dollar saw support from stronger-than-expected U.S. manufacturing production and NAHB housing reports, which pushed T-note yields higher. In addition, hawkish Fed comments Tuesday from Chicago Fed President Goolsbee and Richmond Fed President Barkin gave the dollar a boost. Weakness...

U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in over a decade outside of the pandemic amid elevated mortgage rates and high construction costs.

Last week, mortgage rates increased alongside hotter-than-anticipated inflation data, surpassing 6% for the first time since late 2008.

Toll Brothers reported fiscal third quarter earnings late Tuesday as the U.S. weathers a housing recession.

On the plus side, the withdrawal of prospective buyers gives those left in the market more negotiating leverage.

The builder confidence index breached the break-even measure of 50 in August for the first time since May 2020.

Jerry Howard, National Association of Home Builders (NAHB) CEO, has plenty of experience in the housing industry. Prior to joining NAHB, Jerry served as the Chief Lobbyist for the National Council of State Housing Agencies. For over a quarter of a century, Jerry has been analyzing the housing market.