Posts Tagged ‘ Greg Ugalde ’

House Democrats and White House Reach Deal on Modified USMCA Trade Agreement

Dec 10th, 2019

After more than a year since the U.S., Canada and Mexico came to an agreement on a new trade deal to replace the North American Free Trade Agreement (NAFTA), House Democrats and the White House have agreed on new terms for the United States-Mexico-Canada Agreement (USMCA). In a press conference, House Speaker Nancy Pelosi announced […]

Builder Confidence Steady as Construction Spending Grows

Nov 18th, 2019

The construction market for November shows a mixed basket of results in confidence and spending. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today, builder confidence in the market for newly built single-family homes edged one point lower in November from October, to 70. While residential construction spending […]

September Reading of Builder Confidence Hits Yearly High

Sep 20th, 2019

The September reading of builder confidence in the market for newly-built single-family homes rose again one point to 68 from the upwardly revised August reading of 67, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Sentiment levels have been consistent mid- to upper- 60s since May and September’s […]

August Housing Starts Post Healthy Gains

Sep 19th, 2019

Total housing starts rose 12.3% in August primarily due to a surge in multifamily production, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest level since May 2007. “This solid report is in line with our latest survey on builder sentiment,” said Greg Ugalde, chairman of […]

Housing Affordability Believed to be a Growing Crisis Among Americans

Sep 11th, 2019

Four out of five American households believe the nation is suffering a housing affordability crisis and at least 75% report this is a problem at the state and local level as well, according to a new nationwide survey conducted by Morning Consult on behalf of the National Association of Home Builders (NAHB). “Housing affordability is […]

Home Construction Slowing in Manufacturing Areas

Aug 30th, 2019

Major manufacturing areas saw a drop in home construction in the second quarter of 2019 the latest Home Building Geography Index (HBGI) reports. The National Association of Home Builders (NAHB) annual report heralds an economic softening in the manufacturing sector contrasting 2017 growth rates of home construction where counties with relatively high shares of local […]

July Single-Family Starts Rise While Multifamily Dive

Aug 16th, 2019

Total housing starts fell 4% in July from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development (HUD) and Commerce Department. Due to a decline in multifamily production, the seasonally adjusted annual rate of 1.19 million units is the number of housing units builders would begin if […]

Interest Rates Lower and Confidence Still High

Aug 15th, 2019

According to the latest Wells Fargo Housing Market Index (HMI) released by the National Association of Home Builders, builder confidence in the market for newly-built single-family homes rose one point (66) in August. In recent months, a solid sentiment level of 64-to-66 has held up in spite of growing industry hurdles. “Even as builders report […]

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 […]

Proposed Energy Savings Bills Have Industry Watching

Jul 19th, 2019

Energy savings are on the minds of many in the U.S. Government right now, if the bills being introduced are any indication. Earlier in the week Senators Rob Portman (R-Ohio) and Jeanne Shaheen (D-N.H.) proposed the Energy Savings and Industrial Competitiveness Act. The bill, referred to as the Shaheen-Portman Energy Bill, “will spur the use […]