Eye On Housing
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) dropped 4 points to 53 from the previous quarter, but remained above the breakeven point of 50, which indicates that more remodelers report activity is higher (compared to the prior quarter) than report activity is lower. Although the RMI declined, it is consistent with levels seen in the first… Read More ›
The Pending Home Sales Index decreased 2.5% in November 2016 to its lowest level since January 2016, and is 0.4% below November 2015. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), decreased to 107.3 in November 2016 from 110.0 the previous month. The PHSI increased 0.6% in… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), increased 0.7% in November for a third consecutive monthly increase, and reached the highest pace since February 2007. November sales were up 15.4% from the same month a year ago. Total existing home sales in November increased to a seasonally adjusted rate of 5.61 million units combined for… Read More ›
The 2017 NAHB International Builders Show opens in Orlando Florida on Tuesday, January 10 at the Orange County Convention Center. NAHB’s Economics and Housing Policy staff will offer analyses of what to expect in 2017 for all sectors of the housing market. A sample of sessions, including locations, is offered below. The 2017 Housing & Economic Outlook January 10… Read More ›
The Pending Home Sales Index increased a slight 0.1% in October, but was 1.8% higher than last October. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 110.0 in October from a downwardly revised 109.9 in September. The PHSI increased 1.6% in the Midwest, 0.7% in… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), increased 2.0% in October and reached the highest pace since February 2007. In October sales increased for the second straight month, and were up 5.9% from the same month a year ago. Total existing home sales in October increased to a seasonally adjusted rate of 5.60 million units… Read More ›
Boosted by increases in the West and South, the Pending Home Sales Index increased 1.5% in September, and climbed 2.4% higher than the same month last year. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 110.0 in September from a downwardly revised 108.4 in August…. Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), increased 3.2% in September and were up 0.6% from the same month a year ago, as first-time buyers seized a 34% share of sales. Total existing home sales in September increased to a seasonally adjusted rate of 5.47 million units combined for single-family homes, townhomes, condominiums and co-ops,… Read More ›
With the release of the final estimates of second quarter 2016 GDP growth (revised up three-tenths to a 1.4% growth rate), housing’s share of gross domestic product (GDP) held steady at 15.7%. The home building and remodeling component—residential fixed investment—as a share of GDP declined slightly to 3.5%. Housing-related activities contribute to GDP in two basic ways. The first is… Read More ›
The Pending Home Sales Index decreased 2.4% in August, declining for the third time in four months, and falling 0.2% below its level for the same month 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 108.5 in August from a downwardly revised… Read More ›