Driven by growth in the Northeast, nationwide housing starts rose 5.2 percent to a seasonally adjusted annual rate of 1.178 million units in February, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 7.2 percent to 822,000 units, which is the highest level […]

Builder confidence in the market for newly-built, single-family homes was unchanged in March, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Their confidence was ranked at a level of 58. “While builder sentiment has been relatively flat for the last few months, the March HMI reading correlates with NAHB’s […]

Modest home price and interest rate decreases resulted in a slight increase in nationwide housing affordability in the fourth quarter of 2015, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). “The signs point to continuing growth in home sales,” says NAHB chief economist David Crowe. “We’ve seen an improvement […]

The National Association of Home Builders announced that its chief economist David Crowe, will retire on March 18 of this year. Robert D. Dietz, NAHB’s vice president for tax and market analysis, will be his successor. “Our members have relied on Dr. Crowe for his insightful analysis during a very rocky time in the home […]

  Thanks to a steep jump in multifamily production, nationwide housing starts rose 9.8 percent to a seasonally adjusted annual rate of 1.174 million units in June, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily production was up 29.4 percent to a seasonally adjusted annual […]

Builder confidence in the market for newly built, single-family homes in April rose four points to a level of 56, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “As the spring buying season gets underway, home builders are confident that current low interest rates and continued job growth will […]

Not much has changed in the multifamily market from the third quarter of 2014 to the fourth. That’s according to the Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), which held steady with a reading of 54 for the fourth quarter of 2014. This capped the third straight year of […]

Things are looking up for remodelers. The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a record-high result of 60 in the final quarter of 2014. A reading of 60 indicates remodelers’ confidence in the quarter-over-quarter improvement in the remodeling market. An RMI above 50 indicates that more remodelers report market activity […]

Sales of newly built, single-family homes fell 1.6 percent in November to a seasonally adjusted annual rate of 438,000 units, according to new data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “Sales have held in a relatively stable range during the past four months,” says NAHB Chief Economist […]

The economic and housing outlook for 2015 is a positive one, continuing trends seen in 2014. That’s according to a webinar hosted by the National Association of Homebuilders (NAHB) in which chief economist David Crowe explained the rationale behind builders’ positive outlook. The NAHB/Wells Fargo Housing Market Index (HMI) had builder confidence for newly built […]