Posts Tagged ‘ Robert Dietz ’

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 […]

As Housing Props Up GDP, Builders Lose More Workers

Dec 2nd, 2020

New residential construction continued its climb in October, according to the latest statistics available from the U.S. Census Bureau. In recent weeks, the Bureau reported that privately-owned housing starts were nearly 5% higher than the revised September estimate and 14.2% higher than 12 months prior. Permits were also up year over year, by 2.8%, but […]

Suburban Shift for Home Construction Continues into Third Quarter

Dec 2nd, 2020

The increased demand for housing in lower-density areas that was reported in the second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) continued into the fall, with single-family and multifamily construction in the suburbs and “exurbs” still outpacing other areas. The third quarter HBGI shows that the suburban shift for consumer […]

Single-Family Starts at Highest Pace in More Than a Decade

Nov 20th, 2020

Solid gains in single-family production have boosted overall housing starts, which increased 4.9% in October to a seasonally adjusted annual rate of 1.53 million units. The numbers are on the recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, which further shows the pace of single-family starts was […]

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, […]

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