Posts Tagged ‘ housing ’

Builder Confidence Holds Steady in April

Apr 16th, 2014

Builder confidence in the market for newly built, single-family homes rose one point to 47 in April from a downwardly revised March reading of 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Job growth is proceeding at a solid pace, mortgage interest rates remain historically low and home prices are […]

Latest NAHB Index Shows Recovery Spreads to Additional Markets

Apr 8th, 2014

Of the approximately 350 metro markets nationwide, 59 returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), released today. This represents a net gain of 11 metros year over year. The index’s nationwide score ticked up to […]

New-Home Sales Continue to Trend Relatively Flat in February

Mar 26th, 2014

Sales of newly built, single-family homes fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units in February, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “We still expect 2014 will be a strong year for housing,” says NAHB chief economist David […]

Builder Confidence Treads Water in March

Mar 18th, 2014

Builder confidence in the market for newly built, single-family homes rose one point to 47 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “A number of factors are raising builder concerns over meeting demand for the spring buying season,” says NAHB chief economist David Crowe. “These include a shortage of […]

Housing Starts Hold Steady in February

Mar 18th, 2014

Nationwide housing starts were virtually unchanged in February, inching down 0.2 percent to a seasonally adjusted annual rate of 907,000 units, according to newly released data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau. “While housing construction is in a recent lull due to unusual weather conditions, we expect to […]

Leading Markets Index Shows 59 Metros at or Above Normal Levels

Mar 12th, 2014

Markets in 59 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), released yesterday. This represents a net gain of one from the previous month. The index’s nationwide score […]

Poor Weather Puts a Damper on Builder Confidence in February

Feb 19th, 2014

Unusually severe weather conditions across much of the nation along with continued concerns over the cost and availability of labor and lots resulted in builder confidence in the market for newly-built, single-family homes to post a 10-point drop to 46 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “Clearly, constraints […]

Cold Weather Drives Housing Starts Down in January

Feb 19th, 2014

Due largely to unusually severe weather, across much of the nation, housing starts fell 16 percent to a seasonally adjusted annual rate of 880,000 units in January, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Meanwhile, single-family permits, which are often a harbinger of […]

Strong Single-Family Growth Will Fuel Housing in 2014

Feb 12th, 2014

Led by a resurgence in single-family production, housing will continue its climb toward higher ground in 2014, but builders are still confronting several challenges that could hinder the pace of the ongoing recovery, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas. “My single-family forecast […]

Housing Markets Continue Slow Climb Back to Normal

Dec 9th, 2013

Markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI). The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the […]