May’s Builder Intelligence Report Suggests Housing Downturn Is Abating
May 21, 2019
Latest survey data from BTIG suggests the housing downturn that materialized last year could very well have abated in April. Forty-seven percent of builders reported that their year over year sales were up, the best read since August 2018.
Highlights from the Latest Builder Intelligence Report
Sales and traffic. Those April numbers compare to 45 percent of builders who reported year over year increases in March and 59 percent in April 2018.
Expectations. Thirty-one percent of builders reported that sales were better than expected, while 19 percent reported they were worse.
Pricing and incentives. Only five percent of builders reported lowering some or all of their prices or raising none, which is consistent with February, and the best read since August 2018.
Input costs. The percentage of respondents who reported land, labor and/or material prices all fell from March to April, though only modestly.
HomeSphere/BTIG Builder Intelligence Report
HomeSphere partners with the research firm BTIG to create a monthly report to provide our builders and manufacturers with exclusive and timely insights about the market.
To compile the report, we survey HomeSphere’s 2,600 regional and local home builders about sales, traffic, pricing, labor costs and other key industry metrics.
How to Get The Monthly Report
If you are a builder and would like to participate and receive the monthly report for free, request an invitation below: