UPCOMING EVENTS
BUILDERS
“ Builders continue to offer incentives and year ago. This represents an elevated 8.4 adjust pricing to attract buyers, but elevated months’ supply at the current building pace. mortgage rates and high home prices are Completed, ready-to-occupy inventory limiting the number of households that can consisted of 111,000 homes in September. afford to purchase a home.”
The median new home sales price in
“ The decline in new home sales is
September increased 3.9 % from August to consistent with softer builder sentiment and $ 400,400 but was down 3.9 % from a year highlights the continued sensitivity of housing ago. demand to financing costs,” said Danushka Regionally, on a year-to-date basis, new Nanayakkara-Skillington, NAHB assistant home sales were down 0.5 % in the Midwest, vice president for forecasting and analysis. 1.3 % in the South and 9.2 % in the West.“ Sustained improvements in mortgage rates New home sales were up 2.3 % in the and housing affordability would help maintain Northeast.
Sales of newly built single-family homes demand.” decreased 0.6 % in September to a A new home sale occurs when a sales seasonally adjusted annual rate of 676,000, contract is signed, or a deposit is accepted. following a downwardly revised August The home can be in any stage of estimate, according to newly released data construction: not yet started, under from the U. S. Department of Housing and construction or completed. In addition to
Urban Development and the U. S. Census adjusting for seasonal effects, the September
Bureau. The pace of new home sales was reading of 676,000 units is the number of
5.3 % lower than a year earlier. homes that would sell if this pace continued
“ Affordability remains a significant hurdle for Single-family housing starts declined in for the next 12 months. prospective home buyers,” said Bill Owens,
September as builders faced higher financing New single-family home inventory in chairman of the National Association of and building material costs and ongoing labor
September fell to 476,000 units, down 1 % Home Builders( NAHB) and a home builder shortages. SEE MORE PAGE 4 from August, and down 2.3 % compared to a and remodeler from Worthington, Ohio.
2026Issue10 BuildersOutlook
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UPCOMING EVENTS
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VOL 2026 ISSUE10
BUILDERSOUTLOOK
PUBLISHED BY THE EL PASO ASSOCIATION OF BUILDERS: NATIONAL, STATE AND LOCAL HOME BUILDING INDUSTRY NEWS
Affordability Challenges Push New Home Sales, Starts Lower
High mortgage rates and economic uncertainty continued to keep potential home buyers on the sidelines and constrain new home sales in September.
Single-Family Starts Down as Affordability Challenges Persist n EXECUTIVE OFFICERS President Lydia Mlouhi, Crown Heritage Custom Homes Vice President Edgar Garcia, Bella Vista Homes Secretary Anthony Murillo, Millennial Homes Immediate Past President. Victor Robles, Maravilla Homes Associates VP Angelique Adauto Roman, True Title El Paso Executive Vice President Ray Adauto, EPAB n BOARD OF DIRECTORS Ricardo V, Aguilar, Savannah A Homes Kathy Carrillo, Nusenda Credit Union John Chaney, Hercules Industries Juanita Garcia, Icon Custom Homes Raul Gonzalez, Rocky Mountain Mortgage Company Samira Lopez, Reva Living, Llc Sandra Lucero, Builders Source Appliance Gallery Anthony Murillo, Millennial Homes Leticia Navarrete, Explicitly Signature Homes Kathy Parry, Hunt Communities Victoriano Ramos, Dekora Design & Construction Randall Smith, Randall Smith Cpa Financial Services Victor Rejino, Maravilla Homes Luis Rosas, Hub International Courtney Yeatman, Weststar nLIFE MEMBERS John Chaney Mark Dyer Wayne Grinnell Rudy Guel Don Henderson Brad Roe
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© 2026 Builders Outlook is published by the El Paso Association of Builders and Snappy Publishing, LLC The El Paso Association of Builders is a 501C( 6) trade organization. 915-778-5387 El Paso Association of Builders Membership Information