Tag Archive for ‘home building’

Builders Hold Steady in January

The first indicator of builders’ sentiment for 2013 held steady at 47, the same level as December 2012. The three subcomponents of the NAHB/Wells Fargo Housing Market Index changed in every direction possible; the current sales index remained the same at 51, the index for future sales fell one point to 49, and the index for traffic rose one point… Read More ›

Revolving Credit Growth Moderate, but Underlying Dynamics Showing Signs of Recovery

According to the Federal Reserve Board, consumer credit outstanding, which is composed of credit not secured by real estate, expanded at a seasonally adjusted annual rate of 7.0% to $2.8 trillion in November. This is the fourth consecutive monthly increase in consumer credit outstanding and the second consecutive month that the monthly increase has risen. Following a 0.8% decline in… Read More ›

JOLTS: Construction Job Openings Up in Recent Months

November data from the Job Openings and Labor Turnover Survey (JOLTS) indicate that despite a downward revision for October, the number of open positions in the construction sector remains elevated. With continuing growth in housing starts predicted for 2013, these data suggest increased employment levels for the construction sector in the months ahead. For the economy as a whole, the November JOLTS data indicate… Read More ›

Single-Family Built-for-Rent Market Share Remains Elevated

Despite some recent ups and downs, the share of single-family homes built for rental purposes remains higher than historical norms. According to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, the market share of single-family homes built for rent, as measured on a one-year moving average, stands at 5.1% for the third quarter of 2012. This… Read More ›

More Markets Improve

The NAHB/First American Improving Markets Index (IMI) for January increased to 242, adding a net 41 more markets to the 201 in December. The total represents two-thirds of all the eligible metropolitan areas (OMB designated metropolitan statistical areas with data available). All but two states have at least one metro on the list (Wyoming and New Mexico). Leading states are… Read More ›

November Pending Home Sales Continue Upward Trend

The Pending Home Sales Index, a forward-looking indicator based on signed contracts, increased 1.7% in November 2012 to 106.4, up from the downwardly revised 104.6 in October. The November 2012 PHSI was 9.8% higher than the same period a year ago, and reached the highest level since April 2010 when the home buyer tax credit was expiring. Regionally, the National… Read More ›