Tag Archive for ‘home building’

Single-Family Housing Starts Up 9% in 2016

Housing starts rebounded in December, as monthly volatility for multifamily starts continued. Total starts were up 11.3%, rising to a 1.226 million seasonally adjusted annual rate. However, single-family starts posted a small monthly decline in December, albeit recording the fourth strongest monthly pace since the end of the recession. According to estimates from the Census Bureau and the Department of Housing and Urban Development,… Read More ›

Builder Confidence Holds Firm in January

Builder confidence in the market for newly-built single-family homes remained on firm ground in January, down two points to a level of 67 from a downwardly revised December reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The solid reading is consistent with building expectations heading into the new year. NAHB expects 10 percent… Read More ›

Builders Satisfy Demand for Open Floor Plans

According to a recent NAHB article, open floor plans are popular among home buyers, and the design of new single-family homes tends to be, if anything, even more open. For example, in a 2015 NAHB survey, 70 percent of recent and prospective homebuyers said they preferred a home with either a completely or partially open kitchen-family room arrangement with 32 percent preferring… Read More ›

Mortgage Rates Climb

The Mortgage Interest Rate Survey (MIRS) conducted monthly by the Federal Housing Finance Agency (FHFA) reported that contract mortgage rates rose in November 2016. Over the month, rates on all loans increased from 3.60 percent to 3.64 percent. Contract rates on both purchases of newly built homes and purchases of existing homes climbed during the month. Rates on purchases of… Read More ›

Pending Sales Retreat

The Pending Home Sales Index decreased 2.5% in November 2016 to its lowest level since January 2016, and is 0.4% below November 2015. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 107.3 in November 2016 from 110.0 the previous month. The PHSI increased 0.6% in… Read More ›

New Home Sales Grow in November

Sales of newly-built, single-family homes grew 5.2% on a monthly basis in November to a 592,000 seasonally adjusted annual rate according to estimates from the Census Bureau and HUD. The growth in November is consistent with rising home builder confidence and an expectation of sales growth in 2017. The November rate was the second highest sales pace since the end of the… Read More ›

Existing Sales Year-End Sprint

Existing home sales, as reported by the National Association of Realtors (NAR), increased 0.7% in November for a third consecutive monthly increase, and reached the highest pace since February 2007. November sales were up 15.4% from the same month a year ago. Total existing home sales in November increased to a seasonally adjusted rate of 5.61 million units combined for… Read More ›

Housing Starts Fall in November

Housing starts posted a notable drop in November after a strong October pace. Total starts were down 18.7%, falling to a 1.09 million seasonally adjusted annual rate after a 1.34 million rate in October. However, the decline was concentrated in the volatile multifamily sector. The single-family sector continues to show anon improving trend, consistent with rising home builder confidence. According… Read More ›

NAHB Economics Presentations at IBS

The 2017 NAHB International Builders Show opens in Orlando Florida on Tuesday, January 10 at the Orange County Convention Center. NAHB’s Economics and Housing Policy staff will offer analyses of what to expect in 2017 for all sectors of the housing market. A sample of sessions, including locations, is offered below.   The 2017 Housing & Economic Outlook January 10… Read More ›

Builder Confidence Closes Year on a High Note

Builder confidence in the market for newly-built single-family homes jumped seven points to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since July 2005. The increase in market confidence follows the November election results, increasing hopes among home builders and other stakeholders in the residential construction industry that… Read More ›