Tag Archive for ‘NAHB’

Improving Markets Index: Cincinnati, OH-KY-IN MSA

NAHB recently unveiled an index that tracks housing markets on the mend, the NAHB/First American Improving Markets Index (IMI).  The IMI is intended to draw attention to the fact that housing markets are local and that there are metropolitan areas where economic recovery is underway.  The index measures three readily available monthly data series that are independently collected and are… Read More ›

Builder Sentiment Up Again

The NAHB/Wells Fargo Housing Market Index (HMI) increased four points in February to 29, the highest level since April 2007. The increase marks the fifth consecutive month of an increase for a total of 15 points since recording a 14 in September 2011. All three components also recorded levels not seen since early 2007. The current and future sales components… Read More ›

Improving Markets Index: Ann Arbor, MI MSA

NAHB recently unveiled an index that tracks housing markets on the mend, the NAHB/First American Improving Markets Index (IMI).  The IMI is intended to draw attention to the fact that housing markets are local and that there are metropolitan areas where economic recovery is underway.  The index measures three readily available monthly data series that are independently collected and are… Read More ›

Federal Open Market Committee Minutes: A Glimpse Behind the Curtain

Last week the Federal Reserve Board released the minutes from the December 13 Federal Open Market Committee (FOMC) meeting. The minutes provide much more detail on the deliberations of the committee than the brief statement which is released immediately following the meeting. The review of US economic conditions between the November and December meetings identifies an economy that is expanding… Read More ›

The Employment Situation for December – Cautiously Optimistic

The Bureau of Labor Statistics (BLS) released the Employment Situation report for December today. From the establishment survey, payroll employment increased by 200 thousand, with private payrolls adding 212 thousand and government payrolls declining by 12 thousand. The October and November figures were revised, lowering payroll employment by 8 thousand for the period. From the household survey, the unemployment rate… Read More ›

Improving Markets Index: Athens, GA MSA

NAHB recently unveiled an index that tracks housing markets on the mend, the NAHB/First American Improving Markets Index (IMI).  The IMI highlights the fact that housing markets are local and that there are metropolitan areas where an economic recovery is underway.  The index measures three readily available monthly data series that are independently collected and indicative of improving economic conditions. … Read More ›

Multifamily Shows Continued Strength

The Census Bureau’s preliminary estimate of starts in buildings with five or more apartments for November surged 32 percent to a seasonally adjusted annual rate of 230,000. While growth in this sector is typically more volatile than the single family sector, the trend is clearly upward, with production more than doubling since the trough in late 2009, and recovering to… Read More ›

Federal Open Market Committee (FOMC) December 13 Meeting Statement – Stay The Course, Again

The statement following the Federal Reserve Board’s FOMC meeting on December 13 was largely a rerun of the November meeting. The Fed will continue the current policies including keeping the Fed funds target rate in its 0 to 25 basis point range until at least mid-2013, extending the average maturity of its securities holdings, reinvesting principal payments on agency debt… Read More ›

Flawed Appraisals Preventing Home Sales

One out of three builders are reporting losing signed sales contracts during the preceding six months because appraisals on their homes are less than the contract sales price, according to a recent nationwide survey conducted by the National Association of Home Builders (NAHB).  It is too common, due to faulty appraisal practices, for brand new homes with appliances and interior… Read More ›