Posts Tagged ‘ Housing ’

Housing Production Falls 6.5 Percent in May

Jun 17th, 2014

Declines in both single- and multifamily starts pushed nationwide housing production down 6.5 percent in May to a seasonally adjusted annual rate of just over 1 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. However, single-family permits, which can be an indicator [...]

Apartment and Condominium Market Shows Positive Growth in First Quarter

May 30th, 2014

Production of apartments and condominiums showed positive growth in the first quarter of 2014, according to the latest Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB). The index increased three points to 53, which is the ninth consecutive quarter with a reading of 50 or above. The MPI measures builder [...]

New-Home Sales Rise 6.4 Percent in April

May 27th, 2014

Sales of newly built, single-family homes rose 6.4 percent to a seasonally adjusted annual rate of 433,000 units in April, according to newly released data from HUD and the U.S. Census Bureau. The gain builds on an upward revision of sales numbers reported for the previous month. “In a positive development, builders are adding inventory [...]

Multifamily Surge Propels Housing Starts Over 1 Million Mark in April

May 16th, 2014

Soaring production of multifamily apartments pushed nationwide housing starts above the million-unit mark in April, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production rose 13.2 percent for the month to a seasonally adjusted annual rate of 1.07 million units, due entirely [...]

Builder Confidence Remains in Holding Pattern

May 15th, 2014

Builder confidence in the market for newly built, single-family homes in May fell one point to 45 from a downwardly revised April reading of 46 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. “Builders are waiting for consumers to feel more secure about their financial situation,” says NAHB [...]

Housing Affordability Edges Higher in First Quarter

May 13th, 2014

Slightly lower median home prices along with steady mortgage rates contributed to higher housing affordability in the first quarter, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), released Tuesday. In all, 65.5 percent of new and existing homes sold between the beginning of January and end of March were [...]

Economic Index Shows Metro Markets Continuing on Path to Normalcy

May 6th, 2014

Of the 351 metro markets measured, 300 have seen year-over-year economic gains, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), released today. The index shows that 59 metros have fully returned to or even exceeded their last normal levels of economic and housing activity. The nationwide economic score rose [...]

New-Home Sales Down in March

Apr 24th, 2014

Sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units in March, according to data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “Overly stringent underwriting standards for mortgages have had a detrimental effect on modest-priced markets and have hit [...]

Housing Industry “Gets Back to Normal”

Apr 23rd, 2014

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In the years following the bust, economic forecasters often used the term, the “long road back to normal” or the “new normal.” In today’s National Association of Homebuilders (NAHB) Spring Construction Forecast Robert Denk, NAHB assistant vice president for forecasting and analysis, discussed “getting back to normal” and painted a picture of this road past, [...]

Housing Starts Rise 2.8 Percent in March

Apr 17th, 2014

Led by a 6-percent rise in single-family starts, nationwide housing production rose 2.8 percent above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to newly released figures from HUD and the U.S. Census Bureau. “[This] report is in line with our forecast of a [...]