Posts Tagged ‘ NAHB chief economist ’

Areas with Shortest Commute Times Most Popular for Home Building Areas

Jun 7th, 2021

The quarterly NAHB Home Building Geography Index (HBGI) released earlier this month shows home building expanded the fastest in places with the shortest commute times. The HBGI also shows the suburban shift in new home construction to low density, low cost markets stemming largely from the COVID-19 pandemic and first reported in the second quarter […]

December New Home Sales Steady

Feb 1st, 2021

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows sales of newly built, single-family homes in December rose 1.6% to an 842,000 seasonally adjusted annual rate from a downwardly revised November reading. Solid demand for new home sales in December were offset by higher home prices, […]

Builder Confidence Remains Strong, No Longer at Record High

Dec 17th, 2020

After three successive months of record highs, the latest NAHB/Wells Fargo Housing Market Index (HMI) shows builder confidence in the market for newly built single-family homes fell four points to 86 in December. Despite the decline, this is still the second-highest reading in the history of the series, after last month’s rating of 90. “Housing […]

Sales Growth Lifts Builder Confidence to New Record High

Nov 18th, 2020

The latest National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released yesterday, shows confidence in the market for newly-built single-family homes has increased another five points in November, shattering the previous all-time high of 85 recorded in October, and now sitting at 90. Builder confidence levels have hit successive all-time highs over […]

Lack of Inventory, Higher Prices Push Housing Affordability Near Two-Year Low

Nov 6th, 2020

The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) reports that housing affordability continued to decline in the third quarter of 2020, due to inventory shortages and rising home prices. Record-low mortgage rates were not enough to prevent the decline in affordable housing, resulting in 58.3 percent of new and existing homes […]

After Strong Summer Surge, September New Home Sales Hit Pause

Oct 27th, 2020

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that sales of newly built, single-family homes in September fell 3.5 percent to 959,000, which is down from a revised August. However, the September 2020 rate is 32.1 percent higher on a year-to-date basis than the September […]

Single-Family Construction Continues to Climb Significantly

Oct 22nd, 2020

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows single-family starts continued to grow in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units. “The housing market remains a bright spot in the U.S. economy, and this is […]

Remodeling Industry Confidence Surges in Third Quarter

Oct 16th, 2020

The National Association of Homebuilders (NAHB) released its third quarter 2020 Remodeling Market Index (RMI), which had a reading of 82, a signal of residential remodelers’ strong confidence in their markets, for projects of all sizes. As the economy recovers and adapts from the impacts of Covid-19, the importance of home for Americans has created […]

New Home Sales at Highest Pace Since September 2006

Sep 25th, 2020

Sales of newly built, single-family homes in August topped the 1 million mark and reached their highest pace since September 2006 the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reports. Sales increased 4.8 percent to a seasonally adjusted annual rate of 1.01 million units, according to the newly released data, […]

HBGI Shows Suburban Housing Shift

Sep 2nd, 2020

The second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) shows the COVID-19 pandemic has prompted a suburban shift for consumer home buying preferences. “The increasing demand for construction in more suburban neighborhoods is being driven in large part by the coronavirus outbreak,” said NAHB chairman Chuck Fowke, a custom home […]

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