Posts Tagged ‘ Single Family Homes ’

New Home Sales Up in November

Jan 4th, 2023

Data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau just before Christmas shows that sales of newly built, single-family homes in November increased 5.8% to a seasonally adjusted annual rate of 640,000. At the same time, on a year-to-date basis, new home sales are down 15.2%. The National […]

Builder Confidence Drops for Fifth Straight Month

May 20th, 2022

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released earlier this week, points to falling builder confidence in the market for newly built single-family homes, a sign that the organization says indicates the housing market is now slowing. Builder confidence fell eight points in May, to 69, as growing affordability challenges—rapidly […]

Builder Confidence Continues to Fall, Housing Market Reaches Inflection Point

Apr 22nd, 2022

Builder confidence in the market for newly built single-family homes moved two points lower to 77 in April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released earlier this week. It marks the fourth straight month that builder sentiment has declined, as rapidly rising interest rates combined with ongoing […]

Strong Demand Keeps Builder Confidence Up Even as Supply Side Challenges Persist

Nov 18th, 2021

The most recent NAHB/Wells Fargo Housing Market Index (HMI), released this week, reports that builder sentiment in the market for newly built single-family homes moved three points higher to 83 in November. Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges — including […]

Builder Confidence Up, Supported by September’s Single Family Starts

Oct 29th, 2021

The NAHB/Wells Fargo Housing Market Index (HMI) released last week shows sentiment in the market for newly built single-family homes moved four points higher to 80 in October, driven in part by strong consumer demand. The growing affordability challenges stemming from rising material prices and shortages didn’t damper single-family home starts in September, officials said, […]

Builder Sentiment Dip in Face of Higher Material Costs, Interest Rates

Mar 18th, 2021

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the market for newly built single-family homes fell two points to 82 in March. High buyer traffic and strong demand, wasn’t enough to keep builder sentiment up in March as rising lumber and other material prices pushed […]

New Home Sales Data Shows Housing on Strong Footing Prior to Virus Concerns

Mar 24th, 2020

Sales of newly built, single-family homes fell 4.4% to a seasonally adjusted annual rate of 765,000 units in February, coming off a sharp upward revision in January, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau’s most recent data. The February rate is 14.3% higher than the February 2019 […]

As Snow Falls, So Does Builder Confidence

Feb 17th, 2015

Builder confidence in the market for newly built, single-family homes in February fell two points to a level of 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “For the past eight months, confidence levels have held in the mid- to upper 50s range, which is consistent with a modest, ongoing […]

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