Eye On Housing
According to remodelers who answered special questions on NAHB’s Remodeling Market Index (RMI) survey for the 1st quarter of 2017, a simple “desire for better/newer amenities” once again 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… Read More ›
May is National Home Remodeling Month. For the month’s first related post, we report on the most common types of remodeling projects performed by NAHB Remodelers in 2016. The results come from a special question added to NAHB’s Remodeling Market Index (RMI) survey for the first quarter of 2017. The results show kitchens edging out baths for the top spot… Read More ›
The Pending Home Sales Index decreased 0.8% in March 2017, but remains 0.8% above its level a year ago. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 111.4 in March, down from 112.3 in February. The PHSI increased in the South by 1.2%, but fell… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), surged 4.4% in March to the highest pace in ten years. At the current sales rate, the March unsold inventory represents a 3.8-month supply, unchanged from February. March existing sales were up 5.9% from the same month a year ago, and reached a seasonally adjusted rate of 5.71… Read More ›
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 58 in the first quarter of 2017, up five points from the previous quarter. This reading is the highest since the fourth quarter of 2015 (Figure 1). A RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter)… Read More ›
The Pending Home Sales Index increased 5.5% in February 2017 to its highest level since April 2016, and the second highest since May 2006. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 112.3 in February, up from 106.4 in January and up 2.6% from the… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), reversed a January gain and decreased 3.7% in February. At the current sales rate, the February unsold inventory represents a 3.8-month supply, compared to a 3.5-month supply in January. February existing sales were up 5.4% from the same month a year ago, and reached a seasonally adjusted rate… Read More ›
The Pending Home Sales Index decreased 2.8% in January 2017 to its lowest level in a year, although it remained 0.4% above last January. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 106.4 in January from an upwardly revised 109.5 the previous month. The PHSI… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), increased 3.3% in January, reaching the fastest pace since February 2007. At the current sales rate, the January unsold inventory represents a 3.6-month supply, unchanged from December. January existing sales were up 3.8% from the same month a year ago, and advanced to a seasonally adjusted rate of… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), decreased 2.8% in December, but ended 2016 as the best year for existing sales since 2006. December sales were up a slight 0.7% from the same month a year ago. Total 2016 existing home sales reached 5.45 million, exceeding the 5.25 million in 2015. Total existing home sales… Read More ›