Eye On Housing
Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The May reading marked the fourth straight month of the HMI standing at an index value of 58. While the HMI remains in positive territory, soft economic data for the start… Read More ›
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 ›
Builders’ sentiment remained unchanged in March at 58. The NAHB/Wells Fargo Housing Market Index (HMI) has been between 52 and 65 since July 2015. Any value above 50 means more builders are seeing improvement rather than decline. The component index measuring current sales was also unchanged at 63 and the component measuring expectations was down three points to 61. The… Read More ›
Builders’ sentiment for February lost 3 points from an upwardly revised January level. The NAHB/Wells Fargo Housing Market Index was 58 in February, still well above the tipping point of 50 and 3 points above last February but down from a recent peak of 65 in October 2015. Builders reported more consumer concern over the price of new homes relative… Read More ›
Builder confidence in the market for newly-built single-family homes held steady at 60 in January from a downwardly revised December reading of 60, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The January HMI reading is in line with NAHB’s forecast of modest growth for housing. NAHB expects growth in 2016 for the single-family, multifamily, and remodeling sectors… Read More ›
Single-family home builders sentiment remained near the same level established in June 2015. The NAHB/Wells Fargo Housing Market Index fell one point to 61 in December. The index has been between 60 and 62 for six of the last seven months with only October rising briefly to 65. The three components mirrored the trend with current sales falling one point… Read More ›
Builders’ sentiment dropped back to levels more consistent with the second half of 2015 after an upward bounce in October. The November NAHB/Wells Fargo Housing Market Index dropped three points from an upwardly revised October level to 62. The index has been above 60 since June 2015 and remains well above the tipping point of 50 where more builders see… Read More ›
Builder confidence in the 55+ housing market remained strong in the third quarter of 2015, according to results from NAHB’s 55+ Housing Market Index (55+ HMI) survey. Survey results show the 55+ HMI for single-family housing increasing to 60—up three points from the previous quarter and marking the sixth consecutive quarter the single-family 55+ HMI has been above the break-even point of 50 (which… Read More ›
The NAHB/Wells Fargo Housing Market Index for October jumped three points from a one-point downwardly revised September. The October level of 64 conforms to levels last seen as the boom began to taper in late 2005. Even with headwinds in the supply chain, builders still report increasing consumer interest in buying a home. Customers are taking advantage of low mortgage… Read More ›
The NAHB/Wells Fargo Housing Market Index for September increased one point to 62, the highest level in 10 years. Two of the three components also increased; the present sales indicator rose one point to 67 and the traffic indicator increased two points to 47. The indicator of future sales declined two points to 68 but from a two-month sustained level… Read More ›