Tag: Homebuilders
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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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January Marks a Sluggish Start for Homebuilding in the Twin Cities
Twin Cities homebuilders saw a slow start to their year in January as mortgage rates and overall affordability woes continued to keep potential buyers out of the market. According to the latest data from the Keystone Report, homebuilders in the Twin Cities pulled permits for single-family homes at a 46% slower rate than January 2021.… Read More
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Students build a solid foundation for careers in construction
Students enrolled in the Northeast Metro 916 Career and Technical Center were able to get hands-on experience in the homebuilding process by completing the program’s 28th student-built home in North St. Paul this year. Each year, students build a single-family home thanks to a partnership with the city of North St. Paul that provides resources… Read More
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Builder confidence stumbles as market conditions shift
Market headwinds are taking their toll on builder sentiment. Increasing mortgage rates, labor shortages and continued material challenges are proving to be roadblocks to home construction this summer, and homebuilders are feeling the effects. The National Association of Home Builders’ (NAHB) monthly confidence index reported a nearly record-level drop in sentiment in July. The index… Read More