Eye On Housing
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 ›
Builder confidence in the single-family 55+ housing market edged down but remained well in positive territory in the second quarter of 2015, according to results from NAHB’s 55+ Housing Market Index (55+ HMI) survey. The 55+ HMI for single-family housing dipped a single point, from 58 in the first quarter to 57—marking the fifth consecutive quarter the index has been… Read More ›
The NAHB/Wells Fargo Housing Market Index reached 60 in July and along with the one-point upward revision to June’s index mark a high in the index not seen since November 2005. Two of the three components of the index also rose to levels last seen in late 2005. The index of current sales rose one point from the June level… Read More ›
The NAHB/Wells Fargo Housing Market Index for June increased to 59, a five point rise from May and tied for the highest since September 2014. The increase in builder confidence aligns with other recent positive housing news. April starts and permits were up significantly from a depressed March. Single-family starts rose 16.7% from March and were the highest monthly level… Read More ›
Most of the indices from NAHB’s 55+ HMI survey remained well in positive territory in the first quarter of 2015, although the 55+ HMI for single-family housing edged down by one point to 58. An index over 50 means more builders view the market as good than poor, and the single-family 55+ HMI has been well over 50 for four… Read More ›
Home builders reversed their one month decline in sentiment as the April NAHB/Wells Fargo Housing Market Index increased 4 points to 56 from a one-point downwardly revised 52 in March. The bounce back up to the January-February average suggests the March observation was an outlier. All three components revived to or above the early part of 2015. Current sales index… Read More ›
The March NAHB/Wells Fargo Housing Market Index dropped two points to 53 from February, the third consecutive monthly decline in the index. While softening during the winter months, the index has remained above 50 since July 2014. Furthermore, of the three components to the index, the expectations for future sales remained steady at 59 (from the downwardly revised February of… Read More ›
Builder confidence in the market for newly built, single-family homes in February fell two points to a level of 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder sentiment remains fairly solid, with this slight downturn largely attributable to the unusually high snow levels across much of the nation. For the past eight months,… Read More ›