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Home Builder Sentiment Is Rising for the First Time in Over a Year—Here’s Why
A slight drop in mortgage interest rates is motivating prospective buyers to jump back into the for-sale market, and that new activity is boosting home builder sentiment at the start of 2023
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
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
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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
Builder of the Year
Van Metre, Our 2022 Builder of the Year, Is Wired for Change
A deeply ingrained entrepreneurial spirit keeps Van Metre ahead of the curve and in control of its future
Construction
What’s in Store for Construction in 2023?
The residential construction sector is gearing up for another challenging year in 2023, but with healthy backlogs of new projects, home builders are optimistic
