Posts Tagged ‘ Danushka Nanayakkara-Skillington ’

After a Year of Decline, Builder Confidence Shows Signs of Rebound

Jan 23rd, 2023

Builder confidence in the market for newly built single-family homes snapped its longest losing streak last week, rising four points for the month of January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The rebound follows 12 straight months of decline through December 2022 and the first real decrease […]

New Home Sales Fall to Lowest Pace in More than Six Years

Aug 29th, 2022

The National Association of Homebuilders (NAHB) reported last week that new home sales in July fell to their lowest level since January 2016. Tepid sales pace matches declining builder confidence as reported by the association since the beginning of the year, as the industry grapples with supply chain disruptions that are delaying new home building […]

Solid Start to Housing Production in 2020

Feb 21st, 2020

U.S. Housing and Urban Development and Commerce Department reported a 3.6 percent decrease in total housing starts in January compared to an upwardly revised December reading. Those numbers lead to a seasonally adjusted annual rate of 1.57 million units, according to the report. Meanwhile, overall permits surged to a 13-year high. The January reading of […]

Builders Still Worried Even as New Home Sales Rise

Jul 25th, 2019

According to recent data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new single-family home sales increased 7% to a seasonally adjusted annual rate of 646,000 units in June. After the May decline, this year-to-date reading of June shows sales for 2019 are 2.2% higher than the same period […]

Housing Starts Relatively Flat Off of Strength in Multifamily Sector

Jun 20th, 2019

The U.S. Housing and Urban Development and Commerce Department reports housing starts declined 0.9 percent in May to a seasonally adjusted annual rate of 1.27 million units from an upwardly revised reading in April. The May reading reflects the number of housing units builders would begin if they kept this pace for the next 12 […]

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