NAHB: Home Builder Confidence Drops in January

January 24, 2018 by John · Leave a Comment 

Homebuilder confidence in housing market conditions dipped two points in January; ongoing challenges including labor shortages and materials costs were cited by the National Association of Home Builders, which provides monthly readings on home builder sentiment. Three component readings of the Housing Market Index declined by one point each. Readings for current sales conditions, housing market conditions for the next six months and for buyer traffic within new single-family housing developments were 79, 78 and 54 respectively.

NAHB: Builder Confidence Outstrips Pre-Bubble Highs

December 20, 2017 by John · Leave a Comment 

Home builders surveyed by the National Association of Home Builders expressed their highest level of confidence in housing markets since 1999. The index reading for housing market conditions in December hit 74, which exceeded November’s reading of 70. Analysts expected a flat reading of 70 for December. Readings over 50 indicate improvement in housing market conditions.

What’s Ahead For Mortgage Rates This Week – October 23, 2017

October 23, 2017 by John · Leave a Comment 

Last week’s economic reports included NAHB Housing Market Indexes along with readings on housing starts, building permits and existing home sales. Weekly readings on mortgage rates and new jobless claims were also released.

Home Builder Sentiment Highest in Five Months

October 18, 2017 by John · Leave a Comment 

Builder sentiment rebounded in October after lagging during summer months. The National Association of Home Builders Housing Market Index reading for October was four points higher than the expected reading of 64 and September’s reading, which was also 64. Any NAHB Housing Market Index reading over 50 is considered positive.

What’s Ahead For Mortgage Rates This Week – October 2, 2017

October 2, 2017 by John · Leave a Comment 

Last week’s economic reports included Case-Shiller’s Home Price Indices, readings on new and pending home sales and Freddie Mac ’s weekly mortgage rates report. Weekly jobless claims and reports on inflation and core inflation were also released.

Case-Shiller: Home Prices Higher in July, Home Prices May Have Peaked

September 27, 2017 by John · Leave a Comment 

Case-Shiller reported higher sales of new homes for July; the national reading for new home sales increased by 0.10 percent to a seasonally-adjusted annual rate of 5.90 percent. The 20-City Home Price Index rose by 0.20 percent to 5.80 percent on a seasonally adjusted annual basis.

NAHB: Builder Confidence Dips on Hurricane Damage

September 20, 2017 by John · Leave a Comment 

Home builders had less confidence in housing market conditions in September. In the aftermath of Hurricanes Harvey and Irma, builders worried that ongoing shortages of construction labor and materials would worsen. NAHB Chairman Granger MacDonald said that concerns over labor and building materials were “intensified,” but said that builder confidence was expected to return to high readings once rebuilding is underway.

NAHB Housing Market Index Slips Two Points in June

June 16, 2017 by John · Leave a Comment 

The National Association of Home Builders Housing Market Index for June fell by two points to 67 after a revision of May’s reading. Components of the Housing Market Index were lower for June with builder confidence in current market conditions two points lower at 73; June’s reading for builder confidence in market conditions for the next six months also fell two points to 76. Builder confidence in buyer traffic fell two points to 49. According to the Index, any reading over 50 indicates that more builders are confident than those who are not.

NAHB: Builder Sentiment Dips in April

April 19, 2017 by John · Leave a Comment 

According to the National Association of Home Builders Housing Market Index for April, Builder Confidence dropped three points to an index reading of 68 in April. While any reading over 50 indicates positive builder confidence, home builders said that they continue to face obstacles including higher costs for materials and elevated costs associated with regulatory issues. Builders have repeatedly cited concerns including a lack of buildable lots and labor shortages in past months.

Case-Shiller: Home Price Growth Mixed for September

December 1, 2016 by John · Leave a Comment 

September’s 20-City Housing Market Index from Case-Shiller showed signs that rapidly rising home prices in some metro areas may be losing momentum. San Francisco, California, posted a month-to-month reading of -0.40 percent and a year-over-year reading of 5.70 percent. Home prices stayed flat in Seattle Washington from August to September, but posted the highest home price gain of 11.00 percent year-over-year. Slowing home price growth in high-demand areas suggest that affordability concerns are impacting rapid gains in home prices seen in recent years.

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