Posts Tagged ‘ David Crowe ’

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 [...]

Housing Recovery Continues at Slow Pace

Aug 8th, 2014

Markets in 56 of the approximately 350 metro areas nationwide have 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), which represents a net gain of seven markets over last year. The index’s nationwide score moved up [...]

Mid-Year Housing Report: Regional Differences Still Exist and Employment Plays Key Role

Aug 5th, 2014

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How is the housing recovery faring? Well it depends on where you live as major discrepancies still exist in different markets. Slow income growth is also prohibiting home purchases, while “part of the slow recovery has to do with slow recovery in employment,” says David Crowe, chief economist for the National Association of Homebuilders (NAHB). [...]

Remodeler Confidence Up in Second Quarter

Jul 25th, 2014

The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) rose in the second quarter of 2014 from 52 points to 56, regaining the momentum built in 2013. This is the fifth consecutive quarter for an RMI reading above 50. An RMI above 50 indicates that more remodelers report market activity is higher (compared [...]

South Goes South: Nationwide Housing Starts Down 9.3 Percent in June

Jul 18th, 2014

Nationwide housing production fell 9.3 percent to a seasonally adjusted annual rate of 893,000 units in June, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The drop was due primarily to a nearly 30 percent decline in the South. All other regions posted monthly [...]

Single-Family Home Builders’ Confidence Up in July

Jul 17th, 2014

Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “An improving job market goes hand-in-hand with a rise in builder confidence,” says NAHB chief economist David Crowe. [...]

New-Home Sales Post Solid November Numbers

Dec 30th, 2013

Sales of newly built, single-family homes declined 2.1 percent to a seasonally adjusted annual rate of 464,000 units in November from an upwardly revised strong pace of 474,000 units in the previous month, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Except for October 2013, this is the strongest sales pace since July of 2008, according to officials.

Housing Forecast: The Good News Continues

Oct 4th, 2013

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When the National Association of Homebuilders (NAHB) held its annual Fall Construction Forecast Webinar this week, the economists had numerous good news indicators to share—a welcome change from recent years. David Crowe, NAHB chief economist, reported that “multifamily has been the star of the show. We are seeing this move up nicely but its growth [...]

Economists Say Housing Will See Upturn; Warn Headwinds May Impede Growth

Jan 24th, 2013

Economists speaking at the International Builders’ Show in Las Vegas say the housing market will begin to pick up speed in its recovery during 2013, but note that this growth may be met with some opposition. “Nearly every measure of housing market strength—sales, starts, prices, permits and builder confidence—has been trending upward in recent months [...]

NAHB Optimistic for Continued Construction Growth

Oct 18th, 2012

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Optimism reigned during the National Association of Home Builders’ (NAHB) Construction Forecast webinar on October 17. David Crowe, NAHB chief economist, opened the session by pointing out how nicely it coincided with the Census Bureau’s release of good news in the area of housing starts, a “nice solid increase of 15-percent housing starts … and [...]