Tag Archive for ‘home building’

Improving Markets Index Falls to 80

The June NAHB/First American Improving Markets Index declined to 80 from the May level of 100. The drop was a combination of 28 new metropolitan areas added to the list and 48 dropped. The primary reason for falling off the list was a reversal in house prices. The 48 metro areas that saw a new trough in house prices had… Read More ›

NAHB’s MVI Indicates Improving Conditions in the Rental Apartment Market

In the first quarter of 2012, NAHB’s Multifamily Vacancy Index (MVI) dropped to 31, the lowest it’s been since the inception of the index in 2003.   As the MVI captures industry sentiment about vacancies, a decline in the index signals overall improvement in the market for existing rental apartments. The MVI is a composite measure of multifamily property owner/manager sentiment… Read More ›

Credit Conditions for Builders May Be Stabilizing, But Remain Tight

After more than five years of persistent tightening, NAHB’s survey on Acquisition Development & Construction (AD&C) financing finally shows conditions stabilizing somewhat in the first quarter of 2012.  After such a protracted period of decline, however, the stability comes at a very low level of credit availabity.  The NAHB survey results remain somewhat at odds with a similar net tightening… Read More ›

Multifamily Market Absorption Slows at the Beginning of 2012

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau and the Department of Housing and Urban Development, reflect the slowdown experienced for housing during the first quarter of 2012. It is worth noting that the SOMA data are published with some time lag, and housing indicators have improved since the time period for which the most… Read More ›

Profile of the Typical Single-Family Builder

The annual member census conducted by NAHB allows the association to track the characteristics and composition of its members in general, but also to create detailed profiles of particular types of members, such as single-family builders.  The latest census shows that in 2011, NAHB’s typical single-family builder started 23 housing units, employed 9.5 people (5.3 construction and 4.2 non-construction workers),… Read More ›