Posts Tagged ‘ Housing ’

New-Home Sales Are at an Eight-Year High

Jan 28th, 2016

More Americans became new homeowners in 2015. Sales of newly built, single-family homes rose 14.5 percent year-over-year to 501,000 units in 2015, the highest level since 2007, according to newly released data from HUD and the U.S. Census Bureau. Meanwhile, sales in December increased 10.8 percent to a seasonally adjusted annual rate of 544,000 from […]

Rapid Change Defines State of the Nation’s Housing Market

Jun 25th, 2015

Millennials are increasingly becoming renters, according to the report.

The focus of the U.S. housing market might be shifting in a big way — from owning single-family homes to renting multi-family units, according to the annual State of the Nation’s Housing report from Harvard’s Joint Center for Housing Studies, released Wednesday. The U.S. home-ownership rate slumped to 63.7 percent in the first quarter of 2015. That’s […]

Developers’ Confidence in Multifamily Market Holds Steady

May 28th, 2015

The Multifamily Production Index (MPI) from the National Association of Home Builders (NAHB) held steady with a reading of 54 for the first quarter of 2015, marking the 13th consecutive quarter at 50 or above. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. […]

NAHB: Housing Affordability Rises in First Quarter

May 14th, 2015

Lower interest rates and falling home prices boosted housing affordability in the first quarter of 2015, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. In all, 66.5 percent of new and existing homes sold between the first of January and end of March were affordable to families earning […]

Millennials Want Smaller Homes, Energy-Efficient Windows

Jan 26th, 2015

When it comes to home buying, Millennials won’t skimp on anything—except size. Such were the sentiments of panelists during an International Builders’ Show press conference on home trends and Millennials’ home preferences held last week. As Millennials enter the home-buying market in larger numbers, residences will get a little smaller, laundry rooms will be essential […]

New-Home Sales Edge Up 0.2 Percent from Revised Down August Rate

Oct 26th, 2014

Sales of newly built, single-family homes inched up 0.2 percent in September to a seasonally adjusted annual rate of 467,000 units, the highest level in six years, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for August were revised down from 504,000 […]

New-Home Reach Highest Level Since 2008

Sep 25th, 2014

Sales of newly-built, single-family homes increased 18 percent in August to a seasonally adjusted annual rate of 504,000 units in August, the highest level in six years, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “This robust level of new-home sales activity is a […]

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 […]

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 […]