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Tag Archives: Homebuilders

Improving Markets Index Shows Volatility in June: NAHB

After reaching 100 in May, the list of metropolitan areas with improving housing markets fell to 89 in June, according to the National Association of Home Builders/First American Improving Market Index. While the number of metros on the index dropped, a closer look shows high volatility, not a straightforward decline in improving markets. About half of last month's improving markets ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô 52 metros ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô maintained their improving status in June. The other 48 metros listed as improving markets in May fell off the list.

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Housing Permits Soar Highest Since September 2008

Housing permits soared in May to their highest level since September 2008, surging 7.9 percent to 780,000, the Census Bureau and HUD reported jointly Tuesday, but housing starts dropped 4.8 percent to 708,000 giving back all of April's gains. At the same time, permits for April were revised upward to 723,000 from the originally reported 715,000. April housing starts were also revised to 744,000, up from the originally reported 717,000 percent drop. Surveyed economists expected increases in both areas.

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Builder Confidence at Five-Year High in June: NAHB

Builder confidence rose one point in in June to 29, its highest level since May 2007, the National Association of Home Builders reported Monday. The index for May, originally reported as 29 was revised down to 28. Economists had expected the index to be flat to the original report for May. The total index in June was up 16 points from June 2011, the strongest year-over-year gain since December 1998. The index has improved year-over-year for 12 straight months as it did from July 2009 through June 2010 before going into a five month swoon.

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Stock Valuations May Rise for Housing Despite Euro Crisis: Report

Despite the deteriorating situation in Europe, the United States housing market's recent gains should drive up stocks valuations for building products companies in the near future, Barclays said in a report Tuesday. Barclays├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ó U.S. Building Products & Homebuilding report shows that valuations for building products stocks under the institution's coverage are in the lower half of their historical trading ranges, largely due to "fairly lackluster" first-quarter earnings caused by lag between home purchases and building products sales. Financial crises in the euro zone are also driving down building products stocks.

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Housing Permits Drop as Starts Increase in April

Housing permits dipped in April for the first time in four months, the Census Bureau and Department of Housing and Urban Development reported jointly Wednesday but housing starts improved. Both indicators remained far above year-earlier levels. The month-over-month increase in starts in April appeared still larger because of a downward revision to March's report. Economists surveyed by Bloomberg expected permits to drop month-over-month and starts to increase over the same time.

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Builder Confidence Reaches Five-Year High in May

Builder confidence jumped five points in in May to 29, its highest level since the same month in 2007, the National Association of Home Builders said Tuesday. Economists had expected the index to edge up to 26 in May. The month-over-month increase was the largest since April 2009. The total index in May was up 13 points from May 2011, the strongest year-over-year gain since April 2004. All three components of the index ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô current sales, sales six months out and buyer traffic ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô showed strong increases in May.

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Remodeling Stayed Flat During First Quarter: NAHB

Remodeling activity fell flat during the first quarter this year, according to the National Association of Home Builders. The trade group recently released a Remodeling Market Index that found remodeling activity dropping to 47 from 48 over the last quarter. Anything below 50 for the index indicates that more remodelers say that market activity is less than high. The index climbed down by one point to 49 over the first quarter, with future indicators of remodeling business down two points to 44. Three components shifted differently.

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Green Homes Could Account for Nearly 40% of Construction by 2016

The residential construction market could tilt toward green homes if today's preferences persist, with one recent study estimating that energy-efficient residences could account for anywhere from 29 percent to 38 percent of the playing field by 2016. Unveiling the report at a homebuilders' conference Tuesday, McGraw-Hill Construction estimated that green homes amounted to 17 percent of the construction market last year. The study said that green homes could represent anywhere from $87 billion to $114 billion in gains to be had by the construction industry.

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