Posts Tagged ‘ NAHB ’

South Goes South: Nationwide Housing Starts Down 9.3 Percent in June

Jul 18th, 2014

Nationwide housing production fell 9.3 percent to a seasonally adjusted annual rate of 893,000 units in June, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The drop was due primarily to a nearly 30 percent decline in the South. All other regions posted monthly [...]

Single-Family Home Builders’ Confidence Up in July

Jul 17th, 2014

Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “An improving job market goes hand-in-hand with a rise in builder confidence,” says NAHB chief economist David Crowe. [...]

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 [...]

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 [...]

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 [...]

Congress Withdraws Patent Reform Bill

May 30th, 2014

Last week, Senator Patrick Leahy (D-Vt.), Chair of the Senate Judiciary Committee, withdrew a patent reform bill that was passed by the House and due to come before the Senate. The bill was controversial, according to Reuters, but did garner support from many technology companies. The news was met with dismay by many in the [...]

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 [...]

NAHB Releases Statement on Passage of Johnson-Crapo Reform Bill

May 16th, 2014

Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a homebuilder and developer from Wilmington, Del., issued a statement yesterday following the Senate Banking Committee’s passage of the Housing Finance Reform and Taxpayer Protection Act, legislation sponsored by Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho). Kelly says, “NAHB commends [...]

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 [...]