News & Events
- Home Price Gains Continued in December
National home prices continued to increase, hitting a new all-time high in December.
- Local Code Officials Have Until March 8 to Apply For or Renew ICC Voting Privileges
The International Code Council’s 2024-2026 code development cycle is officially underway.
- Career Change to Construction Leads to Professional Success
Erica Leatham and Allison King, members of the HBA of Durham, Orange, and Chatham Counties, started careers in different fields and are now role models for other women in the residential construction industry.
- Growth of Revolving Debt Slows, Auto Loan Rates Spike in Q4 2022
The balance of consumer credit outstanding grew 6.5% in the fourth quarter of 2022 (seasonal adjusted annual rate) after climbing 6.7% (SAAR) in the third quarter according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt—which consists primarily of credit card debt—increased at a 12.0% rate, as the level of nonrevolving debt (excluding real
- Mortgage Activity Increases after Dip in Rates
Per the Mortgage Bankers Association’s (MBA) survey through the week ending February 3rd, total mortgage activity increased 7.4% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell one basis point to 6.18%. The FRM rate has fallen around 100 basis points since October of 2022. The Market Composite Index, a measure
- Age of Housing Stock by State
According to the latest data from the 2021 American Community Survey (ACS), the median age of owner-occupied homes was 40 years. The age of the housing stock is an important remodeling market indicator. Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future. Moreover, as people use