Tag Archive for ‘housing’

New Home Sales: Slight Rise for FHA Share

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals a slight uptick for the share of FHA-backed mortgages. According to data from the Census Bureau’s Quarterly Sales by Price and Financing and NAHB calculations, new home sales due to FHA-backed loans increased to a quarterly count of 23,000 and a market share of 17% for the… Read More ›

New Home Sales: Inventory Continues to Rise

The pace of new single-family home sales in March was effectively flat, as builders continue to add inventory. According to estimates from the Census Bureau and HUD, new home sales declined 1.5% to a seasonally adjusted annual rate of 511,000 from an upwardly revised February pace. The March rate was 5.4% higher than a year ago.   Total inventory rose… Read More ›

Eye on the Economy: Cautious Optimism Heading Into Mid-Spring

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. Builder confidence in the market for newly built single-family homes was unchanged in April, remaining at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). April marked the third consecutive month the index has stayed at this level, indicating that… Read More ›

Housing Starts Fall Back to Trend

As expected, single-family housing starts fell back in March from the elevated level set in February. According to estimates from the Census Bureau and HUD, the annual pace of single-family starts was 764,000 in March, down considerably from the upwardly revised, post-cycle high rate of 841,000 recorded in February. The decline in March was 9.2% on a monthly basis. However, the monthly drop… Read More ›

Builder Confidence Unchanged in April

Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builders remain cautiously optimistic about housing market growth. NAHB is forecasting faster single-family construction growth for 2016 than the 10% gain recorded in 2015. However, difficulties associated with access to… Read More ›

Housing Preferences across Generations (Part III)

A majority of home buyers across all generations, whether Millennials, Gen X’ers, Boomers, or Seniors, want to buy a single-family detached home and most want to see the laundry equipment on the first floor. A majority of the oldest two cohorts also prefer single-story homes. These findings come from the latest NAHB study on housing preferences, Housing Preferences of the… Read More ›

Market Dynamics Contribute to Consumer Credit Growth

Consumer credit outstanding grew by a seasonally adjusted annual rate of 5.8%, $206.6 billion, in the month of February 2016, 0.7 percentage point faster than the 5.1% rate of growth recorded in January. Consumer credit outstanding now totals $3.568 trillion. The increase in total consumer credit outstanding partly reflected an expansion in the outstanding amount of revolving consumer credit. The outstanding amount… Read More ›