Author Archives

  • NAHB Remodeling Market Index Increases in the Fourth Quarter

    NAHB’s Remodeling Market Index (RMI) for the fourth quarter of 2011 increased to 46.6 from 41.7 in the third quarter.   At 46.6, the overall RMI is now as close to the break-even point of 50 as it has been since 2006.  An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than… Read More ›

  • Multifamily Production Down from Previous Month, but Still Up Year-Over-Year

    The Census Bureau’s preliminary estimate for starts in buildings with five or more apartments in December came in at 164,000 units (at a seasonally adjusted annual rate).   Although there is no hard and fast rule, buildings with at least five apartments are generally the universe of interest to businesses that specialize in building, owning, and managing  multifamily housing. At 164,000,… Read More ›

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  • NAHB Indices for New and Existing Apartments Continue to Improve

    In the third quarter of 2011, NAHB’s Multifamily Production Index (MPI) improved for the fifth consecutive quarter.   The MPI, which is based on a quarterly survey of multifamily builders and developers, tracks sentiment about construction of new apartments on a scale of 0 to 100.   The MPI increased from 44.4 in the second quarter to 47.3 in the third quarter—the… Read More ›

  • Credit for Builders Remains Tight

    NAHB’s Survey on Acquisition, Development & Construction (AD&C) Financing  for the third quarter of 2011 shows that credit conditions for new AD&C loans remain tight. The net bank tightening index calculated from the AD&C survey indicates that NAHB members still believe banks are in a tightening mode—more builders/developers report that loan availability is getting worse than report that it is… Read More ›

  • Housing Affordability Continues Near Record High

    The NAHB/Wells Fargo Housing Opportunity Index (HOI) for the third quarter of 2011 shows that, nationwide, housing affordability continues to hover near its highest level in the more than 20 years it has been measured The HOI indicated that a near-record 72.9 percent of all new and existing homes sold in the third quarter of the year were affordable to… Read More ›

  • Multifamily Starts Down in October, but Still Better than Last Year

    The Census Bureau’s preliminary estimate of starts in buildings with five or more apartments for October came in at 183,000 (on a seasonally adjusted  annual basis), down 13 percent  from a September number that itself was revised downward by 7 percent.   However, the September number was obviously a temporary spike—and, from the perspective of an industry trying to recover from… Read More ›

  • Builder Confidence in 55+ Single-Family Market Still Low

    According to the latest survey results from the National Association of Home Builders (NAHB),  builder confidence in the 55+ new home market remained weak in the third quarter of 2011, as the  55+ Housing Market Index (HMI) for single-family homes fell three points on a year-over-year basis, to 12. The 55+ single-family HMI is a weighted average of three component… Read More ›

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  • Multifamily Starts Up in September

    In September, the previous month’s drop in multifamily production was more than reversed, as starts in buildings with five or more apartments increased to  a (seasonally adjusted annual) rate of 227,000.  Although there’s no  hard line of separation, buildings with at least five apartments are generally the universe of interest to  multifamily developers and property owners.  The preliminary five-plus starts… Read More ›

  • Builder Confidence Remains Low in September

    The NAHB/Wells Fargo Housing Market Index (HMI) edged down from 15 to 14 in September.  The HMI measures builder confidence in the market for newly built, single-family homes on a scale of 0 to 100. The index has been hovering in a relatively narrow band between 13 and 16 for six consecutive months, reflecting ongoing low levels of single-family starts… Read More ›