Eye On Housing
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 ›
Builders’ attitudes about the housing market remain nearly the same since September. The NAHB/Wells Fargo Housing Market Index starts the New Year at 57, down one point from an upwardly revised December of 58. Builders remain relatively optimistic about the current market as the component gauging current home sales remained at 62 from a one point upwardly revised value. Builders… Read More ›
The November NAHB/Wells Fargo Housing Market Index rose four points to a level of 58 as builders continue to see promise in home selling. This marks the fifth consecutive month for the index to remain above the tipping point of 50 after a slow beginning to the year. All three components rose with current sales rising five points to 62,… Read More ›
Builder confidence in the 55+ housing market was up again in the third quarter, according to the latest release of NAHB’s 55+ Housing Market Index (55+HMI). The 55+ HMI release contains separate indices for single-family homes and multifamily condominiums. Each is a weighted average of three components: present sales, expected sales, and traffic. The numbers are not seasonally adjusted, so they should only… Read More ›
Builder confidence in the 55+ housing market was up again in the third quarter, according to the latest release of NAHB’s 55+ Housing Market Index (55+HMI). The 55+ HMI release contains separate indices for single-family homes and multifamily condominiums. Each is a weighted average of three components: present sales, expected sales, and traffic. The numbers are not seasonally adjusted, so they should only… Read More ›