Posts Tagged ‘ Housing Market ’

Weakening Builder Confidence Points to Economic Troubles Ahead

Jun 17th, 2022

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment. The association says it’s a troubling sign for the housing market, as builder confidence in the market for newly built single-family homes […]

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 […]

NAHB Members Send Letter to Biden Warning of Housing Crisis

Apr 29th, 2022

More than 10,000 National Association of Homebuilders (NAHB) members from all 50 states, the District of Columbia and Puerto Rico sent a letter to President Biden on April 27, the organization reports, calling on the White House to take immediate action as the growing housing affordability crisis is pushing the housing market to an inflection […]

Second Quarter Financials Prove Market Still Has Momentum

Aug 3rd, 2021

Three door and window related companies released their second quarter financial results in recent days, all proving that the market continues to have upward momentum with no signs of a slowdown. Door and window manufacturers Jeld-Wen and Fortune Brands both increased their 2021 outlooks, while distributor Huttig Building Products reported its second consecutive quarter of […]

Builder Confidence Posts Solid Gain Following Last Month’s Historic Drop

May 18th, 2020

The housing market is showing signs of stabilizing in the wake of the COVID-19 pandemic as builder confidence in the market for newly-built single-family homes increased seven points to 37 in May, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. The rise in builder sentiment follows the […]

What Building 1,000 Homes Means for the U.S. Economy

Apr 2nd, 2020

A new study from the National Association of Home Builders (NAHB) shows that housing stands poised to lead the economic rebound once social distancing and other virus mitigation efforts show success in containing the coronavirus pandemic. Building 1,000 average single-family homes creates 2,900 full-time jobs and generates $110.96 million in taxes and fees for all […]

New Home Sales Decline in July

Aug 23rd, 2018

As of July, newly built single-family home sales have gone down 1.7%. This makes the seasonally adjusted annual rate 637,000 units according to the recent report released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales are up 7.2% from July of last year. “A lack of overall housing […]

Housing Will Continue Gradual Climb in 2017

Jan 11th, 2017

Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando, Fla. “While positive developments on the demand side will support solid growth in the single-family […]

Single-Family Housing Starts Hit an Eight-Year High

Mar 17th, 2016

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 […]

Home Builders Remain Confident in March

Mar 15th, 2016

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 […]