Tag Archive for ‘home building’

Are Some Consumers Worried about the Future?

Consumers continue to regain confidence, but they may be concerned about the near future. The Conference Board’s Consumer Confidence Index increased for the fourth consecutive month to 92.4 in August. But the expectations for the next six months remained unchanged. The Thomson Reuters/University of Michigan Consumer Sentiment Index climbed to 82.5 in August from 82.1 in July, and its Current… Read More ›

Pending Sales Resume Upward Trend

Pending home sales increased 3.3% in July, climbing four of the last five months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 105.9 in July from a downwardly revised June level of 102.5. The July reading was down 2.1% on a year-over-year basis. The July… Read More ›

House Prices Record Annual Gains

Recently released data by Standard and Poor’s (S&P) and Case-Shiller indicates that its measure of house prices, the House Price Index – National, rose by 6% on a year-over-year not seasonally adjusted basis. This is the 26th consecutive month of year-over-year increases in the house price index. This index was recently converted from a quarterly frequency to a monthly one…. Read More ›

Survey Indicates Continued Easing of AD&C Loan Conditions

Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s survey on AD&C financing. In the second quarter of 2014, the overall net tightening index based on the NAHB survey was -22.7, which represents somewhat less easing than in the 1st quarter 2014 when the index was -32.0. The index is… Read More ›

Multifamily Built for Rent Share Rises Again

The share of multifamily units built for rent rose again during the second quarter. This increasing market share for rental multifamily homes is holding typical new unit size below levels seen during the housing boom. However, as multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. According to second quarter 2014 data from… Read More ›

Townhouse Market Flat

Total townhouse construction was effectively unchanged on a year-over-year basis during the second quarter of 2014. According to NAHB analysis of Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 19,000 for the quarter, the same level a year from a year prior. Over the last four quarters, townhouse construction starts totaled 67,000, down from the 73,000… Read More ›

Existing Sales Continue to Increase

Existing home sales increased for the fourth consecutive month and the share of distressed sales decreased, making the report positive news for future new home sales because each prospective repeat buyer must sell their existing home before buying a newly built home. Existing home sales increased 2.4% in July, but are still 4.3% below the same period a year ago…. Read More ›