Homebuilders are facing their own basket of inflation, which is making it more costly to construct a new home. Lumber prices over the past year added over $18,600 to the average price of a new single-family home: NAHB
"What we're seeing on the cost side … they're increasing as of right now," Meritage Homes CEO Phillippe Lord said during the company's earnings call in late January. "We feel like we have the pricing power to maintain our margins into next year.
On a regional basis, homebuilder confidence in the Northeast increased three points to 76, while the West rose one point to 89, the Midwest fell one point to 73 and the South edged one point lower to 86. Residential single-family homes by KB Home are shown under construction in the community of Valley Center, Calif., June 3, 2021.The index's component assessing sales for the next six months fell two points to a reading of 80, while the component for prospective buyer traffic dropped four points to 65. Meanwhile, the component gauging current sales conditions increased one point to a reading of 90.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wholesale prices jump 9.7% in January, further evidence of red-hot inflationWholesale prices accelerated again in January as strong consumer demand and pandemic-related supply-chain snarls continued to fuel the highest inflation in decades.
Leer más »
South Korean trade minister says Russia-Ukraine crisis could disrupt supply chainsSouth Korea is monitoring the Russia-Ukraine crisis to assess its impact on energy prices, or possible disruptions to supply chains, says its trade minister.
Leer más »
Dollar Tree shoppers stung by new higher pricesDollar Tree, a last holdout to rising prices, is giving in due to inflation and supply shortages. Will shoppers accept it?
Leer más »
Introducing BNB Chain: The Evolution of Binance Smart Chain | Binance BlogToday, Binance Chain and Binance Smart Chain become BNB Chain.
Leer más »
UK inflation rises at fastest rate in almost 30 yearsInflation in the United Kingdom has risen at the fastest rate in almost 30 years as increased costs for energy, housing and transportation squeezed household budgets.
Leer más »