Tag Archive for ‘home building’

Mixed May Starts Report

May housing starts were down 4.8% from a revised April number to an annual rate of 708,000, but starts in the larger single-family sector were up 3.2% to an annual rate of 516,000 and except for December 2011 the highest since end of the home buyer credit in early 2010. A 21.3% drop in multifamily apartment construction pulled the total… Read More ›

Starts in Age Restricted Communities Up Slightly in 2011

In 2009, at the request of NAHB and possibly other stakeholders, the Census Bureau’s Manufacturing and Construction Division added a question on age-restricted communities to its Survey of Construction (the survey that gives us  housing starts, among other things).  In June of this year, for the first time, the Census Characteristics of New Housing release included enough of this new information… Read More ›

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 ›