Single-Family Starts Drop in November as Builders Face Affordability Concerns

News

Rising housing affordability issues continue to hinder single-family production even as total housing starts increased in November.

“The decline in single-family production over the last few months makes sense given the drop in our builder confidence index,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Builders are cautious to add inventory as housing affordability concerns are causing consumers to pause on making a home purchase.”

Interested in becoming a member?

Between legislative advocacy, rebate and savings opportunities, education and additional programs, becoming a member is just good business.

Find out more about our member benefits and opportunities.