Posts Tagged ‘ Housing ’

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 […]

New-Home Sales Continue to Trend Relatively Flat in February

Mar 25th, 2014

Sales of newly built, single-family homes fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units in February, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “We still expect 2014 will be a strong year for housing,” says NAHB chief economist David […]

Housing Starts Hold Steady in February

Mar 18th, 2014

Nationwide housing starts were virtually unchanged in February, inching down 0.2 percent to a seasonally adjusted annual rate of 907,000 units, according to newly released data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau. “While housing construction is in a recent lull due to unusual weather conditions, we expect to […]

Homebuilders are ‘Bringing Housing Home’ to Congress This Week

Mar 18th, 2014

Meetings recently began in hundreds of conference rooms, jobsites and legislative offices all over the country as members of the National Association of Home Builders (NAHB) hold a week-long legislative event to underscore the importance of maintaining the American Dream of homeownership. “Because so many members of Congress have returned home for district visits this […]

Builder Confidence Treads Water in March

Mar 17th, 2014

Builder confidence in the market for newly built, single-family homes rose one point to 47 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “A number of factors are raising builder concerns over meeting demand for the spring buying season,” says NAHB chief economist David Crowe. “These include a shortage of […]