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Despite Headwinds, Builder Confidence Grows in February
Homebuilder sentiment rose for the second consecutive month, according to the latest report from the National Association of Homebuilders. Builder confidence in the market increased seven points in February to 42 – the second strongest reading since September 2022. This latest report, driven by softening mortgage rates and increasing demand for inventory, comes despite rising […] Read More
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NAHB housing forecast predicts homebuilding activity to fall in 2023
The National Association of Homebuilders is projecting that single-family production will fall to in 2023, but start to rebound in 2024. NAHB made their annual forecast at this year’s International Builders Show in Las Vegas. NAHB’s chief economist Robert Dietz notes that the 2023 declines in building activity will feel more dramatic as production was […] Read More
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New WOTUS Definition Leads To Multiple Lawsuits
A coalition of national trade organizations and the State of Texas filed separate federal legal challenges on Jan. 18, 2023, contesting the EPA’s revised definition of “Waters of the United States” (WOTUS), which regulates which land use projects require federal permits. As Housing Industry News reported earlier this month, the new WOTUS definition reverts to the definition […] Read More
