The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) registered an eight-point drop in builder confidence for November. The builder confidence level fell to 60 in the market for newly-built single-family homes. Despite a steep drop, the number is still above 50, which indicates market conditions are seen as mostly positive. “Builders report […]

The National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) reports a drop in the market. Builder confidence in the single-family 55+ market has dropped seven points to 60 in the third quarter. Despite the steep decline, the number is still above 50, which indicates a healthy market. According to the NAHB, the […]

The National Association of Home Builders (NAHB) leadership immediately spoke out after Sen. Elizabeth Warren (D-Mass.) introduced the American Housing and Economic Mobility Act today. Randy Noel, NAHB chairperson, says that, while commendable, the legislation has some downfalls. “NAHB commends Sen. Warren for highlighting the housing affordability crisis facing the nation and introducing legislation today […]

According to the Multifamily Production Index (MPI) released yesterday by the National Association of Home Builders (NAHB), multifamily builder confidence has gone down. The MPI has dropped two points to 51 compared to the first quarter. The NAHB states that the MPI measures builder and developer sentiment about current conditions in the apartment and condo […]

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 […]

According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, total housing starts have gone up 0.9 percent in July to a rounded out seasonal rate of 1.17 million units. Single-family starts rose 0.9 percent making it 862,000 units, while multifamily rose 3 percent to 306,000. “Builder […]

As of August, builder confidence in the market for newly-built single-family homes moved down one point to 67 according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). However, despite the decrease, builders should not be too concerned. NAHB Chairmen Randy Noel, also a custom home builder, states, “The good news […]

Four members of the National Association of Home Builders (NAHB) were honored this week in Orlando at the International Builders’ Show for their professionalism, political engagement, volunteer activities and service to the industry. The Associates Committee honored Curt Cartwright of Rapid City Window & Glass in Rapid City, S.D., as the Bill Polley Advocate of […]

The average size of newly built homes decreased in 2016, and a survey from the National Association of Home Builders (NAHB) says this is because millennials are finally dipping their toes into the market. One of the amenities they are looking for is low-E windows. In 2015, the typical new home had 2,689 square feet. […]

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 […]