Eye On Housing
According to remodelers who answered special questions on NAHB’s Remodeling Market Index (RMI) survey for the 1st quarter of 2014, a simple “desire for better/newer amenities” ranked as the number one reason customers choose to remodel their homes. On a scale of 1 to 5 (where 1 indicates never or almost never, and 5 is very often), the average remodeler’s… Read More ›
Tag Archive for ‘Housing Recovery’
Economists Agree That Housing Recovery Likely To Continue
Yesterday, NAHB hosted its bi-annual Construction Forecast Webinar (CFW). The CFW featured three industry experts. NAHB Chief Economist David Crowe was joined by Maury Harris, Chief US Economist at UBS, and NAHB Senior Economist Robert Denk to present views on the outlook for the US economy and the housing market more specifically. Here are the major points from the presentation:… Read More ›
Homes Under Construction Rises for 28th Straight Month
Although housing starts may have declined slightly in December, they remain at roughly (a seasonally adjusted annual rate of) 1 million units. Not only is this relatively strong compared to the recent history, it means that new homes are feeding into the beginning of the production pipeline faster than they’re leaving at the other end (as completions have fluctuated within… Read More ›
Homes Under Construction: A Good Sign of Recovery
Although reports on the Census Bureau’s New Residential Construction release usually emphasize housing starts (and may mention permits), the number of homes under construction is also worth looking at, and at this time is a particularly good indicator of sustained recovery in the home building industry. The Census Bureau’s latest release shows that the seasonally adjusted number of homes under construction has… Read More ›
House Price Growth Highest in 7 Years
Standard & Poor’s and Case-Shiller reported that house prices continued to rise in August. According to the release, both the S&P/Case-Shiller House Price Index 20-City Composite and the 10-City Composite rose by 12.8% on a year-over-year not seasonally adjusted basis, the largest increase in house prices since February 2006. House price gains were largest in Las Vegas, 29.2% and San… Read More ›
House Prices Continue Their Ascent, Contributing to Broader Economic Recovery
According to the Federal Housing Finance Agency (FHFA), house prices rose in August, albeit at a slower month-over-month pace than in July. In August, house prices climbed by a seasonally adjusted rate of 0.3%, 0.5 percentage points slower than then 0.8% increase that took place in July. Over the past twelve months house prices have risen by 8.5%. Month-to-month growth… Read More ›
NAHB Forecast Indicates Continued Recovery of Housing Production
Yesterday, NAHB hosted its Fall Construction Forecast Webinar (CFW) featuring three renowned industry experts. NAHB Chief Economist David Crowe was joined by Mark Zandi, Chief Economist at Moody’s Analytics, and NAHB Senior Economist Robert Denk to present views on the outlook for the US economy and the housing market more specifically. Here are the major points from today’s presentation: Mark… Read More ›
House Prices Move Higher
Nationally, house prices continued to rise in April, contributing to the overall recovery in U.S. house prices. According to the most recent release by the Federal Housing Finance Agency, U.S. house prices rose by 0.7% on a month-over-month seasonally adjusted basis in April. This is the fifteenth consecutive monthly increase for the House Price Index – Purchase Only. Since January… Read More ›
Rental Market Continues to Strengthen
The most recent data from the Survey of Market Absorption of Apartments (SOMA) showed that completions of privately financed, nonsubsidized, unfurnished rental apartments continued to climb in the fourth quarter of 2012. The reported 31,600 completions in buildings with 5+ units were slightly above the third quarter level and more than doubled since the fourth quarter of 2011. At the… Read More ›
House Prices Continue to Rebound
Nationally, house prices continued to rise in March, contributing to the overall recovery currently underway in U.S. house prices. According to the most recent release by the Federal Housing Finance Agency (FHFA), U.S. house prices rose by 1.3% on a month-over-month seasonally adjusted basis in March and 1.9% on quarter-over-quarter basis. This is the fourteenth consecutive monthly rise and the… Read More ›