Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units in May as the result of increased production for multifamily housing, according to newly released data from HUD and the U.S. Census Bureau. “The outlook for housing continues to brighten as builders respond to increased demand for new homes and [...]
Builder confidence in the market for newly built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Any reading over 50 indicates that more builders view sales conditions as good than poor. “This is [...]
According to a release issued by the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI), improving housing markets increased to 263 in June, up five metro areas. The list includes markets from 49 states and the District of Columbia. The list saw 29 new markets enter, though 24 were dropped this month. [...]
According to a recent release issued by the National Association of Home Builders (NAHB), members of NAHB told members of Congress that new-home production and remodeling contributes billions of dollars to the national economy each year, and having the correct policies in place can act as a mechanism to boost employment and economic growth. “How [...]
The National Association of Home Builders (NAHB) is telling young people that now is the time to buy as National Homeownership Month kicks off. Accordingly, homebuilders are building the homes these young people want, according to a recent report from NAHB. “As the economy recovers and young people who had to live at home with [...]
The Multifamily Production Index (MPI), released yesterday by the National Association of Home Builders (NAHB), inched down two points to an index level of 52. It is the fifth straight quarter with a reading over 50. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale [...]
Sales of newly built, single-family homes rose 2.3 percent to a seasonally adjusted annual rate of 454,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. The gain builds on a strong upward revision to sales numbers reported for the previous month. “Today’s report is further evidence of the [...]
Builder confidence in the market for newly built, single-family homes improved three points to a 44 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May. This gain, from a downwardly revised 41 in April, reflected improvement in all three index components—current sales conditions, sales expectations and traffic of prospective [...]
The number of U.S. housing markets showing sustained improvement in three key measures fell slightly to 258 in May from 273 in April, according to the NAHB/First American Improving Markets Index (IMI), released today. The IMI identifies metropolitan areas that have shown improvement from their respective troughs in housing permits, employment and house prices for [...]
In a construction forecast webinar held Wednesday by the National Association of Home Builders (NAHB), chief economist David Crowe said housing numbers will continue to recover. As gross domestic product continues improve, the true force behind it is housing. “What is important about the growth this time around it is its finally being driven by housing [...]
