Tag Archive for ‘home building’

Lower Operating Costs Mean New-Home Buyers Can Afford More House

A newly published study from NAHB’s Economics and Housing Policy Group looks at how operating costs vary depending on the age of the home, using data that has recently become available from the American Housing Survey (funded by the U.S. Department of Housing and Urban Development and conducted by the U.S. Census Bureau). Basic findings include operating costs (fuels, other utilities, maintenance,… Read More ›

Confidence in Multifamily Production Mostly Up in the Third Quarter, with Some Weakness in Low-Rent

The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), remained fairly steady in the third quarter of 2012 at 52—the third straight quarter the index has been over 50. The MPI measures builder and developer sentiment about conditions for apartment and condominium construction, and is are scaled so that any number over 50 means more… Read More ›

Improving Markets Index Leaps to 201

The number of metropolitan areas designated as improving by the NAHB/First American Improving Markets Index (IMI) leaped to 201 in December. The index measures the number of markets that have seen an improvement in three primary market indicators, single-family building permits, home prices and employment, for at least six months. The IMI stood at 125 in November and was amplified in… Read More ›

Home Sales Are Expected To Accelerate In the Coming Months

The National Association of Realtors (NAR) reported that it’s Pending Home Sales Index (PHSI), a leading indicator of home-buying, accelerated by 5.2% in October to settle at 104.8. An index of 100.0 coincides with a level that is considered historically healthy. October’s monthly increase, which is measured at a seasonally adjusted annual rate, comes on the heels of a 0.4%… Read More ›

Beige Book Points to Growth, But “Sandy” Weighs on Economic Activity

According to the Federal Reserve’s report on Current Economic Conditions, commonly called the “Beige Book”, economic activity has “expanded at a measured pace in recent weeks”. The Beige Book uses anecdotal evidence of economic activity from contacts located around the twelve districts that make up the Federal Reserve System. According to its compilation, the Federal Reserve cited improvements in consumer… Read More ›

Consumer Confidence Up, Fueled by Expectations

Thomson Reuters/University of Michigan reported that its Consumer Sentiment Index rose by 0.1 point on a seasonally adjusted basis in November to 82.7. This month’s increase in the Consumer Sentiment Index marks the fourth over-the-month increase in this measure of consumer confidence. Meanwhile, the Conference Board reported that its Consumer Confidence Index rose to a seasonally adjusted 73.7 in November… Read More ›

New Home Sales Hold Steady in October

The Census Bureau and HUD reported October new home sales at a seasonally-adjusted annual level of 368,000, which is virtually the same as the three previous months. A 32% drop in sales in the Northeast was likely a result of the threat and ultimate impact of the storm named Sandy.   Inventories rose 2,000 to 147,000, which remains at a… Read More ›

Townhouse Starts and Market Share Grow During Third Quarter

For the third consecutive quarter, construction of attached single-family housing (townhouses) increased both in terms of total units and market share. Per third quarter 2012 Census data of Starts and Completions by Purpose and Design, total townhouse construction has increased significantly in 2012, reaching a starts total and market share last seen in 2008. Quarterly construction of townhouses rose from 12,000 starts in the third quarter of 2011 to… Read More ›