Posts Tagged ‘ Housing ’

New-Home Sales Down 7 Percent in December; Up 16.4 Percent for the Year

Jan 27th, 2014

Sales of newly built, single-family homes fell 7 percent to a seasonally adjusted annual rate of 414,000 units in December, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the monthly drop, home sales in 2013 were up 16.4 percent over the previous year. [...]

Nationwide Housing Production Edges Just Under 1 Million Units in December

Jan 17th, 2014

Following an unusual surge in housing starts in November, nationwide housing production fell 9.8 percent to a seasonally adjusted annual rate of 999,000 units in December, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “Last year was a good year for home building, with [...]

Housing Markets Continue to Show Gradual Improvement

Jan 7th, 2014

Markets in 56 out of the approximately 350 metro areas nationwide 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), released today. This represents a net gain of two from the previous month. The index’s nationwide score [...]

Housing Markets Continue Slow Climb Back to Normal

Dec 6th, 2013

Markets in 54 out of the approximately 350 metro areas nationwide 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). The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the [...]

New-Home Sales Up Sharply in October

Dec 5th, 2013

Sales of newly built, single-family homes rose 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, according to data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The government also reported that new-home sales fell 6.6 percent in September. The release of both the [...]

Strong Multifamily Sector Pushes October Building Permits above 1 Million

Nov 26th, 2013

Issuance of new building permits rose 6.2 percent to a seasonally-adjusted annual rate of 1.034 million units in October due primarily to a double-digit increase on the multifamily side, according to the U.S. Census Bureau.

Housing Affordability Continues to Slide in Third Quarter

Nov 14th, 2013

Strengthening house prices and increased interest rates in metros across the country contributed to lower housing affordability in the third quarter, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 64.5 percent of new and existing homes sold between the beginning of July and end of September were [...]

Housing Forecast: The Good News Continues

Oct 4th, 2013

croweoct22013_Page_4

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 [...]

Shortage of Lots Slows Housing Recovery

Sep 5th, 2013

A shortage of buildable lots, especially in the most desirable locations, has emerged as one of the key factors holding back a more robust housing recovery, according to the latest survey on the topic conducted by the National Association of Home Builders (NAHB). “In our August 2013 survey, 59 percent of builders reported that the [...]

Apartment and Condominium Market Gains Momentum in Second Quarter

Aug 30th, 2013

Production of apartments and condominiums gained momentum in the second quarter of 2013, according to the latest Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB). The index increased nine points to 61, which is the highest reading since its inception in 2003. The MPI measures builder and developer sentiment [...]