Eye On Housing
Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March. Despite the increase, builders continue to face supply-side constraints, such as lot and labor shortages and ongoing building material price increases. Nonetheless, demand for single-family housing is… Read More ›
Builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest reading since May. This current reading shows that home builder sentiment is rebounding from the initial reaction of concern due to hurricanes in Florida and Texas, including the anticipated effects of… Read More ›
Builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September from a downwardly revised August reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The recent hurricanes have intensified our members’ concerns about the availability of labor and the cost of building materials. Despite this… Read More ›
Builder confidence in the market for newly-built single-family homes rose four points in August to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder sentiment is being supporting by ongoing job and economic growth, attractive mortgage rates, and growing consumer confidence. The fact that builder confidence has returned to the healthy levels… Read More ›
Builder confidence in the market for newly-built single-family homes slipped two points to 64 in July from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It is the lowest reading since November 2016. Members are expressing significant concerns over rising material prices, particularly lumber. This issue, along with other significant supply-side… Read More ›
Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence levels have remained consistently sound this year, reflecting the ongoing gradual recovery of the housing market. As… Read More ›
The National Association of Home Builders’ (NAHB) single-family 55+ Housing Market Index (55+ HMI) dropped 12 points to 55 in the first quarter of 2017, after an unusually high index reading of 67 in the fourth quarter of 2016. Despite the drop, the 55+ HMI still remains above 50, which means that more builders view conditions as good than poor… Read More ›
Builder confidence in the market for newly-built single-family homes remained solid in April, falling three points to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after an unusually high March reading. Builders continue to report significant interest among potential home buyers, with the traffic measure continuing to score above the breakeven level of… Read More ›
Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since June 2005. While builders are clearly confident, we expect some moderation in the index moving forward. Builders continue to face a number of challenges, including… Read More ›
Total housing starts recorded a small decline in January, as multifamily starts fell back, albeit from an upwardly revised number in December. Total starts were down 2.6%, falling to a 1.246 million seasonally adjusted annual rate. However, single-family starts posted a small monthly increase in January, rising 1.9% to an 823,000 annual rate As measured on a three-month moving average, the current changes… Read More ›