The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

The organization issued a statement in support of the pro-development campaign at its annual meeting in Tampa. 

Located at 6001 Love Drive, the development includes a mix of studio, one- and two-bedroom residences.

The 365-unit development will feature studio, one-, two- and three-bedroom apartments.

Pricing will start at $1.7 million.

Homebuilder sentiment recently reached its third-lowest level since 2012. 

Available exterior design styles include Hill Country, classic, transitional, Mediterranean, High Plains, chateau and farmhouse.

The community’s amenities, including playgrounds, pools, fire pits and a lazy river, are intended to encourage connection among resident families.

The builder will offer 141 lots with three-, four- and five-bedroom floor plans available. Prices start around $300,000.

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

Only Landsea Homes’ model remains for sale at Villages of Walnut Grove, the builder’s single-family home community at Walnut Grove in Midlothian.

The developers will break ground this summer, with home sales beginning late next year.

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.