Category: national association of home builders

Slowing Housing Market Saps Home-Goods Retail Sales

September 19, 2022
Business & MarketsCompanieseconomyhigh inflationhome furnishinghome goodsinflationMarketsnational association of home buildersU.S. housing marketUS
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Businesses in the home-goods industry are facing a tough time, with falling sales numbers and order cancellations amid a slowdown in the housing market. Sales at furniture and home furnishing stores fell 1.6 percent in August 2022 compared to the same time last year, according to a U.S. Census Bureau news release, on Sept. 15,…

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‘Housing Recession’ Is Here as Homebuilder Sentiment Plunges: NAHB

August 16, 2022
builder confidenceBusiness & Marketseconomic recessioneconomyinflationMarketsmortgage interest ratesnational association of home buildersUSUS News
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Homebuilder confidence fell for the eighth straight month in August, with experts blaming elevated mortgage rates and construction expenses for the crisis. According to data from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence for newly built single-family homes declined by six points, to 49, this month, the first…

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