Posts Tagged ‘ Housing Market ’

New-Home Sales Up 18.6 Percent in May

Jun 25th, 2014

Sales of newly built, single-family homes rose 18.6 percent to a seasonally adjusted annual rate of 504,000 units in May, according to newly released data by the U.S. Department ofHousing and Urban Development and the U.S. Census Bureau. This is the highest rate since May 2008. “These numbers are in line with our recent builder [...]

Builder Confidence Rises Four Points in June

Jun 16th, 2014

  Builder confidence in the market for newly built, single-family homes rose four points in to reach a level of 49 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released yesterday. “After several months of little fluctuation, a four-point uptick in builder sentiment is a welcome sign and shows some renewed [...]

Improving Residential Market Leads to Larger Homes and an Increase in Property Enhancements

Jun 17th, 2013

The American Institute of Architects (AIA) has released a study showing that as the residential market continues to improve, home size has grown in response. According to a release from the AIA, this trend is being seen in both high-end and custom homes, as well as in additions to existing homes. These findings are from [...]

Riding the Roller Coaster: Experts Offer Conservative but Optimistic Outlook

May 14th, 2013

Though experts predict the construction market may still have a ways to go before it reaches a full rebound, they were positive about the present outlook during a recent webinar provided by Reed Construction Data. Titled “Riding the Roller Coaster: Ups and Downs of Construction Spending, Materials and Labor,” the webinar included outlooks from Kermit [...]

Nationwide Housing Production Edges Up in February

Mar 19th, 2013

Nationwide housing production edged up 0.8 percent to a seasonally adjusted annual rate of 917,000 units in February, according to newly released figures from HUD and the U.S. Census Bureau. This slight upward movement represented gains in both the single-family and multifamily sectors, with single-family housing starts reaching their fastest pace since June of 2008. [...]

Builder Confidence Slips Two Notches in March

Mar 19th, 2013

Builder confidence in the market for newly built, single-family homes paused for a third consecutive month in March, with a two-point reduction to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released yesterday. “In addition to tight credit and below-price appraisals, home building is beginning to suffer growth pains as [...]

Economist Makes Predictions Plus a Few Warnings

Feb 27th, 2013

Dr. Esmael Adibi, economist with Chapman University, was so popular when he addressed attendees of the American Architectural Manufacturers Association (AAMA) a few years ago that he was invited back this week to the association’s annual meeting held in Tucson, Ariz. He even showed attendees how that forecast from a few years ago turned out. [...]

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 [...]

Housing Market Forecast: “Various Shades of Lousy”

Oct 12th, 2010

“If you’re in this room you get a gold star because that means you’ve survived [the housing downturn and recession].” Those were the words of Eric S. Belsky from Harvard University’s Joint Center for Housing Studies, as he addressed members of the Association of Millwork Distributors yesterday during their annual convention taking place this week in Charlotte, N.C.