Existing-home sales recorded a third straight month of declines, slipping slightly in April, according to the National Association of Realtors. 

New home sales posted a double-digit percentage decline in April, falling to their weakest pace in two years.

The single-family housing market continued to show signs of slowing in April as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market.

Builder confidence took a steep drop in May as growing affordability challenges in the form of rapidly rising interest rates.

Mapei Corporation and Black Buffalo 3D have partnered to create the world's first 3D construction material that is undergoing testing to meet the only building code in the world for 3D printed walls, the ICC-ES AC509.  

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the new residential sales statistics for March 2022.

Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors.

Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March.

Total construction starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion, according to Dodge Construction Network.

Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability.