Posts Tagged ‘ Housing Market ’

Housing Markets Inch Toward Full Recovery

Nov 6th, 2014

Markets in 59 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released this week. This represents a year-over-year net gain of seven markets. The […]

NAHB: Housing Demand Soon to Surpass Supply

Nov 3rd, 2014

For the housing market, very good things are on the way but may take longer than initially expected. During the National Association of Homebuilders’ (NAHB) recent webinar, Mark Zandi, chief economist at Moody’s analytics, offered a holistic outlook of the economy then related it to the housing market. “The broader national economy and the housing […]

Effect of the Energy Boom on Housing

Oct 27th, 2014

Much of the focus on the new energy boom seems to be on the potential negative environmental impacts of fracking and other methods. While we must be mindful of the environmental effects of this energy boom, the same can be said of farming, generating electricity or erecting buildings. One aspect of the energy boom that […]

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. […]