Posts Tagged ‘ NAHB ’

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 [...]

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 [...]

Builder Confidence Rises for 55+ Market

May 9th, 2014

Builder confidence in the single-family 55+ housing market for the first quarter of 2014 is up year-over-year, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released this week. Compared to the first quarter of 2013, the single-family index increased 4 points to a level of 50, which is [...]

NAHB Testifies Before Congress Regarding Housing Market Health

May 8th, 2014

The health of housing is key for the overall state of the U.S. economy and housing stands poised to serve as an engine of job growth with the right policies in place, the National Association of Home Builders (NAHB) told Congress yesterday. Testifying before the Senate Banking Committee’s Subcommittee on Economic Policy during a hearing [...]

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

Crowe2April24

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 [...]

Builder Confidence Holds Steady in April

Apr 15th, 2014

Builder confidence in the market for newly built, single-family homes rose one point to 47 in April from a downwardly revised March reading of 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Job growth is proceeding at a solid pace, mortgage interest rates remain historically low and home prices are [...]