Posts Tagged ‘ David Crowe ’

Thanks to Multifamily Production, Housing Starts Are Way Up

Jul 17th, 2015

  Thanks to a steep jump in multifamily production, nationwide housing starts rose 9.8 percent to a seasonally adjusted annual rate of 1.174 million units in June, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily production was up 29.4 percent to a seasonally adjusted annual […]

Builder Confidence Rises Four Points in April

Apr 16th, 2015

Builder confidence in the market for newly built, single-family homes in April rose four points to a level of 56, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “As the spring buying season gets underway, home builders are confident that current low interest rates and continued job growth will […]

Developers’ Multifamily Market Outlook Holds Steady in the Fourth Quarter

Feb 27th, 2015

Not much has changed in the multifamily market from the third quarter of 2014 to the fourth. That’s according to the Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), which held steady with a reading of 54 for the fourth quarter of 2014. This capped the third straight year of […]

NAHB: Remodelers Optimistic About Market

Jan 16th, 2015

Things are looking up for remodelers. The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a record-high result of 60 in the final quarter of 2014. A reading of 60 indicates remodelers’ confidence in the quarter-over-quarter improvement in the remodeling market. An RMI above 50 indicates that more remodelers report market activity […]

New Home Sales in West Rise Rapidly; Overall Sales Drop Slightly

Dec 29th, 2014

Sales of newly built, single-family homes fell 1.6 percent in November to a seasonally adjusted annual rate of 438,000 units, according to new data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “Sales have held in a relatively stable range during the past four months,” says NAHB Chief Economist […]

NAHB: Upward Housing Trend to Continue in 2015

Dec 16th, 2014

Crowe drew attention to the fact that though month-to-month the construction numbers bounce around, quarterly there is an upward trend.

The economic and housing outlook for 2015 is a positive one, continuing trends seen in 2014. That’s according to a webinar hosted by the National Association of Homebuilders (NAHB) in which chief economist David Crowe explained the rationale behind builders’ positive outlook. The NAHB/Wells Fargo Housing Market Index (HMI) had builder confidence for newly built […]

Winter Wonder: Builders Gain Confidence in November

Nov 18th, 2014

Heading into the winter months, single-family homebuilder confidence is actually rising, not falling. That’s according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which has builders’ confidence up to a level of 58 points. “Growing confidence among consumers is what’s fueling this optimism among builders,” says NAHB chairman Kevin Kelly, […]

Housing Starts Up 17.8 Percent Over Last September

Oct 17th, 2014

Nationwide housing starts have surpassed the million-mark for the third time this year, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production in September rose 6.3 percent more than August’s to a seasonally adjusted annual rate of 1.017 million units, which is […]

Multifamily Decline Pushes Nationwide Housing Starts Down 14.4 Percent in August

Sep 19th, 2014

Nationwide housing starts fell 14.4 percent to a seasonally adjusted annual rate of 956,000 units in August, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The decline is mostly due to a steep 31.7 percent decline in multifamily production. Single-family housing starts dropped 2.4 […]

Builder Confidence Rises Two Points in August

Aug 18th, 2014

Builder confidence in the market for newly built, single-family homes rose two points to 55 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for August, released today. This third consecutive monthly gain puts the index at its highest level since January. The HMI gauges builder perceptions of current single-family home […]