The article highlights a decline in key metrics in the single-family housing market, such as permits, starts, and homes under construction, all falling year over year. The completion rates saw a slight uptick of 0.1%. With tariffs increasing material costs and immigration policies impacting labor availability, supply side challenges intensify alongside diminishing demand. The Southern U.S. market particularly struggles, with notable drops in construction activities. Homebuilder sentiment also deteriorates, reflected by a low Housing Market Index. Builders face rising costs and increased competition, leading to inventory surpluses and price reductions.
"With tariffs raising materials costs and immigration policy likely worsening labor shortages, the supply side of the equation is difficult, coupled with weakening demand for new construction homes."
"The mood among homebuilders is dour. The National Association of Home Builders Housing Market Index fell to a reading of 32, its lowest since December 2022."
Collection
[
|
...
]