Eye On Housing
The December NAHB/Wells Fargo Housing Market Index rose four points to 58 as builders recovered from hesitancies in October and November. The increase puts the index back up to the peak it reached in August before the rise in mortgage rates and the uncertainty caused by the debt and deficit debate cooled confidence. This December index is 37 points above… Read More ›
Tag Archive for ‘hmi’
Builders Hold Steady in November
The November NAHB/Wells Fargo Housing Market Index held steady at 54 from a one-point downwardly revised October level. The index has remained above 50 for six consecutive months, the first time since early 2006. Of the three components, current sales remained unchanged at 58, expectations for future sales declined one point from a one-point downwardly revised figure and rests now… Read More ›
Builders Absorb Consumer Concerns
The October NAHB/Wells Fargo Housing Market Index fell two points to 55 from a one-point downwardly revised September level of 57. The decline was broad based with a two-point fall in all three components: current sales from 60 to 58, expected future sales from 64 to 62 and traffic from 46 to 44. The index has remained above the tipping… Read More ›
Housing Starts vs Builder Sentiment – Some Perspective
Are home builders more confident than they should be? There has been some discussion suggesting that the relationship between the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) and single family housing starts is broken, or at least strained lately. Let’s take a look. The HMI and starts track together well, no question. But they don’t move in… Read More ›
Builders Hold Steady
The September NAHB/Wells Fargo Housing Market Index held steady at 58, the same as the one-point downwardly revised August level. The three components moved in different directions. Current sales remained the same at 62; future expectations declined to 65 from 68 in August and traffic rose one point to 47 from an upwardly revised 46. The pause in sentiment in… Read More ›
Builders’ Sentiment Continues Rise
The NAHB/Wells Fargo Housing Market Index for August increased to 59, the highest in almost 8 years as builders continue to see a positive future for home building. The index ranges from 0 to 100 and 50 is the tipping point where more builders are experiencing a good market than those seeing a poor market. The overall index has been… Read More ›
Builder Confidence and Housing Starts
The NAHB/Wells Fargo Housing Market Index is at its highest level in almost 8 years. The July level of 57 was up 6 points from June and 16 points from April. The index has been on a fairly steady rise since wandering in the teens through almost all of 2011. In percentage terms, the HMI has more than doubled between… Read More ›
Builder Confidence and Housing Starts
The NAHB/Wells Fargo Housing Market Index is at its highest level in almost 8 years. The July level of 57 was up 6 points from June and 16 points from April. The index has been on a fairly steady rise since wandering in the teens through almost all of 2011. In percentage terms, the HMI has more than doubled between… Read More ›
Builders Continue Optimism
The NAHB/Wells Fargo Housing Market Index rose 6 points to 57, the highest since November 2005 and up 16 points in three months, the largest 3 month positive move since the recovery of 1991. All three subcomponents rose to highs not seen since 2005 or early 2006. Expectations for the next 6 months rose 7 points to 67; current sales rose… Read More ›
Builders’ Index Over 50
The NAHB/Wells Fargo Housing Market index passed the tipping point of 50 in June to top out at 52, the highest level since April 2006 and the largest monthly increase since 2002. The renewed confidence was spread across all three components, with the expectation for the next 6 months rising to 61, the highest in seven years. The index… Read More ›