Construction Loans Slightly More Available, But at Higher Rates

By Housing
In the third quarter of 2021, effective interest rates increased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C).  This result reverses a general downward trend that had prevailed since the third quarter of last year.  In the third quarter of 2021, the average effective rate (based on  rate of return to the… Read More ›

Gains for Custom Home Building

By Housing
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building matched the best quarter for construction starts since the spring of 2008 during the third quarter of 2021. There were 56,000 total custom building starts during the third quarter of the year. This marks a 5.7% gain from the third quarter of… Read More ›

Multifamily Missing Middle Production Lags

By Housing
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has shown weakness. For the third quarter of 2021, there were only 2,000 starts of such residences. Over the… Read More ›