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Started By
Message
Homebuilders slash prices
Posted on 7/17/25 at 1:07 pm
Posted on 7/17/25 at 1:07 pm
quote:CNBC
The nation’s homebuilders continue to see weakening demand from potential buyers concerned about the broader economy. As a result, they are cutting prices at the highest rate in three years, according to the monthly builder confidence survey from the National Association of Home Builders.
Builder confidence in July rose 1 point to 33 on the NAHB index, a slight improvement. Still, anything below 50 is considered negative sentiment. The index stood at 41 last July, and it has been in negative territory now for 15 straight months.
The slight boost this month came from the recently passed budget act, which provided some tax relief for households, home builders and small businesses. Mortgage rates, however, have been hovering in the same narrow, elevated level for several months.
“While this new law should provide economic momentum after a disappointing spring, the housing sector has weakened in 2025 due to poor affordability conditions, particularly from elevated interest rates,” said Buddy Hughes, NAHB chairman and a builder from Lexington, North Carolina.
That’s why 38% of builders said they cut prices in July, the highest share since the NAHB began tracking the metric in 2022. Just 29% were cutting back in April. The average price reduction was 5% in July, where it has been every month since November.
12
Posted on 7/17/25 at 1:12 pm to bigjoe1
Good, home prices got out of control. This is the part of the economy that needs to crash a little.
Posted on 7/17/25 at 1:13 pm to bigjoe1
Alert the bat signal, Stout should be arriving shortly.
Posted on 7/17/25 at 1:19 pm to lsuconnman
A stout reply is imminent
Posted on 7/17/25 at 1:38 pm to bigjoe1
As someone that used to work in the construction field years ago I usually side with them because I saw more customers be absolute nightmares with haggling and not realizing the work that goes into building a house (the right way no cutting corners).
But after contracting out to build my own house I lost a ton of respect for the people that were so obviously raising prices bc everybody else was or not showing up when they were supposed to because they could given the demand. Don’t feel a bit sorry for them that that other shoe is falling.
But after contracting out to build my own house I lost a ton of respect for the people that were so obviously raising prices bc everybody else was or not showing up when they were supposed to because they could given the demand. Don’t feel a bit sorry for them that that other shoe is falling.
Posted on 7/17/25 at 8:54 pm to bigjoe1
Have you seen the new developments these builders are making? Houses stacked on top of one another. Not sure about others on here but that's not appealing in the slightest
Posted on 7/17/25 at 9:53 pm to CuseTiger
I'm in Huntsville/Madison, Al. and multifamily housing is going up like there's no tomorrow. A number of developments are way behind in their occupancy projections.
Posted on 7/17/25 at 10:02 pm to bigjoe1
Maybe some of their projected occupancy has moved south of the border.
Posted on 7/17/25 at 10:04 pm to PotatoChip
Doubt that was the demographic they are looking for. These are some expensive rents in upscale areas.
Posted on 7/18/25 at 6:52 am to bigjoe1
I don’t totally follow
How can a builder lower “prices” other than overhead or fees?
How can a builder lower “prices” other than overhead or fees?
This post was edited on 7/18/25 at 6:53 am
Posted on 7/18/25 at 7:20 am to bigjoe1
quote:
I'm in Huntsville/Madison, Al. and multifamily housing is going up like there's no tomorrow.
Unfortunately I see that in every growing metro I visit.
Posted on 7/18/25 at 7:34 am to CuseTiger
quote:As long as people keep buying them, they'll keep building them. The new fad seems to be townhouses in suburban Houston. That, and entire neighborhoods that are built to rent.
new developments these builders are making?
Posted on 7/18/25 at 8:42 am to SlidellCajun
quote:who do you think sets the price in these sub developments?
I don’t totally follow How can a builder lower “prices” other than overhead or fees?
Nonetheless, the headline seems wildly misleading. When I hear “slashing prices” my first thought isn’t 38% of builders now provide the same 5% discount that 29% builders offered last month.
Posted on 7/18/25 at 9:32 am to bigjoe1
quote:
Homebuilders slash prices
Posted on 7/18/25 at 9:39 am to bigjoe1
Pretty much all new single family homes in decent areas (good schools) around here are close to $700k-$800k+. You have to get a bit out to get to even say the $500k-$600k range. I dont understand how people are buying those up in this interest rate environment personally.
Posted on 7/18/25 at 10:39 am to bigjoe1
quote:
The nation’s homebuilders continue to see weakening demand from potential buyers concerned about the broader economy.
Huh?
quote:
CNBC
Ah.
Posted on 7/18/25 at 10:41 am to Chucktown_Badger
quote:
“While this new law should provide economic momentum after a disappointing spring, the housing sector has weakened in 2025 due to poor affordability conditions, particularly from elevated interest rates,” said Buddy Hughes, NAHB chairman and a builder from Lexington, North Carolina.
Ha, frick this guy...it's not hard to show that in many places actual prices are well up over historical prices. Not surprised it's coming from a builder.
Posted on 7/18/25 at 10:43 am to GeauxTigers123
quote:
Unfortunately I see that in every growing metro I visit.
People bitch about a lack of housing and high prices, then they bitch when housing gets built. Sounds about right.
Posted on 7/18/25 at 10:52 am to Chucktown_Badger
I wish they could build up more single family housing as I feel like those areas stay nicer for longer.
Posted on 7/18/25 at 11:14 am to Chucktown_Badger
Lol. So you do not think there is concerns about the economy. Gotcha. I can guess where you get your news from.
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