Posts Tagged ‘ NAHB ’

New Index Shows Housing Markets Back to Normal in 52 Metros

Oct 7th, 2013

Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the newly minted National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), released today. The index’s nationwide score of .85 indicates that, based on current permits, prices and [...]

Housing Forecast: The Good News Continues

Oct 4th, 2013

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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 [...]

Moody’s Economist Weighs in on Government Shutdown

Oct 2nd, 2013

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As day two of the government shutdown continues, everyone is still wondering what effect this will have on the economy. Mark Zandi, chief economist, Moody’s, addressed this question today while appearing as part of the National Association of Homebuilders (NAHB) Fall Construction Forecast Webinar. “If policyholders can get it together in the next few days [...]

New-Home Sales Rise 7.9 Percent in August

Sep 26th, 2013

Sales of newly built, single-family homes rose 7.9 percent to a seasonally adjusted annual rate of 421,000 units in August, according to newly released figures from HUD and U.S. Census Bureau. The gain partly offsets a dip in sales activity that occurred in July as consumers reacted to higher interest rates. “Sales of new homes [...]

Single-Family Production Pushes Housing Starts Up in August

Sep 19th, 2013

Led by a solid increase in single-family starts, nationwide housing production rose 0.9 percent to a seasonally adjusted annual rate of 891,000 units in August, according to figures released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Meanwhile, construction of multifamily buildings slowed following a rebound in the previous [...]

A Pause in Builder Confidence

Sep 17th, 2013

Following four consecutive months of improvement, builder confidence in the market for newly built, single-family homes held unchanged in September with a reading of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Following a solid run up in builder confidence over the past year, we are seeing a pause in [...]

Record High 291 Housing Markets Listed as Improving in September

Sep 9th, 2013

A total of 291 metropolitan areas across the country now qualify as improving housing markets, according to the National Association of Home Builders/First American Improving Markets Index (IMI) for September. This reflects a gain of 44 markets from August and marks the index’s highest level since it was initiated two years ago. The IMI identifies [...]

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 [...]

Higher Mortgage Rates Prompt Pause in New-Home Sales in July

Aug 26th, 2013

Sales of newly built, single-family homes declined 13.4 percent to a seasonally adjusted annual rate of 394,000 units in July as higher mortgage rates prompted a temporary pause in buying activity, according to newly released data from HUD and the U.S. Census Bureau. “The drop-off in sales in July is in part a reflection of [...]