Tag Archive for ‘housing’

Consumer Confidence Holds Steady in April

The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan Consumer Sentiment Survey both pointed to consumer confidence remaining generally unchanged between March and April 2012. Nonetheless, viewing the overall indexes from both surveys using a 3-month moving average, one can still see an appreciable increase in consumer confidence since the third quarter of last year. The current… Read More ›

Pending Home Sales Increase

The Pending Home Sales Index, a forward-looking indicator based on signed contracts, increased 4.1 percent in March to its highest level since April 2010 when the federal homebuyer tax credit program was ending. The March increase was on top of an upwardly revised February 2012 PHSI of 97.4, and the PHSI is now 12.8 percent above the March 2011 level…. Read More ›

House Price Reports for February – Too Close To Call

Both S&P/Case-Shiller (CS) and the Federal Housing Finance Agency (FHFA) released monthly home price indexes for February today. The FHFA released data for the US and the 9 Census divisions, based strictly on February transactions. CS released data for their 10 and 20 city composites, and the component cities, based on three month averages including data from December through February…. Read More ›

The Housing Recovery is Slow Going, But Things Are Improving

There has been a flurry of media stories regarding the latest housing data that suggest the recent momentum in the housing market has stalled and the industry is heading toward another downturn. Although the latest monthly housing data showed modest declines, the less volatile quarterly data have continued to show modest improvement.  Consequently, there is plenty of evidence for retaining… Read More ›

NAHB’s Spring Construction Forecast Webinar – April 25, 2012

Sign up for NAHB’s Construction Forecast Webinar on Wednesday, April 25, and join the conversation about the housing market. Don’t miss the chance to ask questions directly of top economists: David Crowe, NAHB Chief Economist Chris Varvares, Macroeconomic Advisers, Senior Managing Director & Co-Founder              Robert Denk, NAHB Assistant Vice President for Forecasting and Analysis  What happens from here? Listen to the experts…. Read More ›

Existing Home Sales Decline Slightly, but are Up from a Year Ago

March 2012 existing home sales declined 2.6 percent from the upwardly revised February level, but are up 5.2 percent from the same period a year ago. The National Association of Realtors (NAR) reported March 2012 total existing home sales were at a seasonally adjusted rate of 4.48 million single-family homes, townhomes, condominiums and co-ops. The upwardly revised February 2012 seasonally… Read More ›

Tax Week: The Real Estate Tax Deduction

As tax filing season comes to a close, now is a good time to take a look at some of the basic facts concerning the deduction for property taxes paid on an owner-occupied home. As homeowners past and present know, this deduction helps offset the cost of homeownership. A few facts about the deduction from 2010 data:  The property tax deduction… Read More ›

Tax Week: Small Business Tax Issues

As part of NAHB’s examination of tax issues and the housing sector, our focus now turns to small business tax concerns. Earlier today, Marty Mitchell of Mitchell and Best Homebuilders testified before Congressional Committee on Small Business on behalf of the nation’s home builders. His testimony included a number of facts that illustrate the importance of small businesses to housing. NAHB Census of Membership… Read More ›