Posts Tagged ‘ housing news ’

New Home Sales Drop in October

Nov 30th, 2018

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, newly built single-family home sales dropped to a seasonally adjusted rate of 544,000 in October. The National Association of Home Builders (NAHB) reports this is the lowest sales pace since December 2016. Even so, sales are up 2.8 percent from […]

Economic Panel Predicts Housing Will Continue to Gain Ground in 2018

Jan 10th, 2018

The newly enacted tax law will create a more favorable tax climate for the business community, which should spur job and economic growth and keep single-family housing production on a gradual upward trajectory in 2018, according to economists speaking at the NAHB International Builders’ Show in Orlando, Fla., yesterday. “We expect that tax reform will […]

NAHB: Housing Recovery Could Soar in 2016

May 1st, 2015

The housing market is on the riseā€”and will keep on rising, according to economists participating in the recent National Association of Home Builders (NAHB) 2015 Spring Construction Forecast Webinar. Solid employment gains, attractive mortgage rates, a growing economy and pent-up demand will keep the market moving up into 2016. “This should be a good year […]

Multifamily Decline Pushes Nationwide Housing Starts Down 14.4 Percent in August

Sep 19th, 2014

Nationwide housing starts fell 14.4 percent to a seasonally adjusted annual rate of 956,000 units in August, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The decline is mostly due to a steep 31.7 percent decline in multifamily production. Single-family housing starts dropped 2.4 […]

Builder Confidence at Highest Point Since November of 2005

Sep 18th, 2014

Builder confidence in the market for newly built, single-family homes rose for the fourth month in a row in September to a level of 59 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This latest four-point gain brings the index to its highest reading since November of 2005. “While a […]

Housing Remains on Growth Track, but Challenges Remain

Dec 21st, 2012

Upward trends in recent months among a number of housing indicators point to a slow and steady growth in the nation’s housing market in 2013, but several challenges remain, according to the latest economic and housing forecast by David Crowe, chief economist for the National Association of Home Builders (NAHB). “Consistent, positive reports on housing […]