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Builders

Builder Confidence Increases for First Time in 12 Months as Mortgage Rates Fall

A slight drop in mortgage rates caused builder confidence to rise in January after 12 consecutive monthly declines

Opinion

Work at What You Love

Home builders who are truly passionate about providing safe, quality, comfortable homes in their community will power through these challenging times and find satisfaction in both the effort and the results

Builders

84 Lumber Mourns Passing of Founder Joseph Hardy

84 Lumber founder Joseph Hardy passed away on Saturday, Jan. 7, at the age of 100

Labor + Trade Relations

Wage Growth Is Slowing for Residential Building Workers

After steady gains since the start of the COVID-19 pandemic, residential building worker wages are slowing in the first month of 2023

Builders

The Biggest Challenges for Contractors in the Year Ahead

High inflation, dwindling buyer demand, and lingering supply chain obstacles are just a few of the many challenges keeping contractors up at night during the first month of the new year

Builders

Home Builder Confidence Falls for 12th Consecutive Month

As rising mortgage rates lead to a sharp drop in homebuyer demand, homebuilder sentiment is falling

Building Materials

As Softwood Lumber Falls, Concrete Prices Soar to New Highs

The PPI for ready-mix concrete reached a new high in November after rising for 21 of the past 22 months

Builders

In the Race to Sell, Builders Are Offering Major Price Reductions

Home builders are offering rate buydowns to prospective buyers in order to bolster demand and sell homes faster 

New-Home Sales

Builders Are Slashing Prices to Sell Homes, but Not at 2008 Levels

Home builders are reducing sales prices and offering incentives to budget-conscious buyers, but at a much more reserved pace than in 2007 and 2008

Builders

For Growing Share of Home Builders, Selling in a Market Correction Means Making Concessions

In order to bolster buyer demand and maintain a healthy backlog in a housing slowdown, home builders are being forced to lower their prices and offer new sales incentives

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