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Sep 29, 2023
Government Shutdown, NFIP Lapse Will Disrupt Home Sales, Multifamily TransactionsWith the federal government heading to a shutdown at 12:01 a.m. on Sunday, Oct. 1., the most immediate impact on the housing sector will be a lapse of the National Flood Insurance Program (NFIP), which could have widespread impacts on property sales, home values, multifamily transactions and consumer confidence.
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Data at a Glance
Framing Lumber Prices
Fluctuations in the costs of building materials, particularly those of framing lumber, contribute significantly to home prices and housing affordability levels.
Learn moreNAHB/Wells Fargo Housing Market Index (HMI)
The HMI offers an insider’s perspective on the current state of housing. Each month, builder sentiment about the present and near-term housing market is depicted on a scale of 0 to 100, indicating the portion of builders experiencing positive market conditions.
Learn moreHousing Starts
Housing starts data are key economic indicators that track the pace of residential construction. These monthly Census Bureau statistics typically reflect broader trends within the overall economy such as interest rates and job growth.
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