Tag Archives: National Association of Home Builders

Homebuilders broke ground on new homes at a seasonally adjusted annual rate of 1.07 million in January, the Commerce Department said Wednesday. January's rate of new construction was 2.0 percent below December's revised estimate of 1.09 million units annually but 18.7 percent above the year-ago pace of 897,000 units.

The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment index fell two points in the association's February reading, coming in at 55 for the month, the group said Tuesday. NAHB Chairman Tom Woods said February's slight decline is "largely attributable to the unusually high snow levels across much of the nation."

The index ticked slightly upward in Q4 to 0.90, one point higher than Q3's revised figure of 0.89. The number of markets at or above their normal levels in Q4 increased from 60 in the previous quarter and from 52 in the same quarter a year earlier.

In the wake of the National Association of Home Builders' (NAHB) latest confidence index, builders convened in Las Vegas this week to discuss housing trends over the last few months and what they expect to see in 2015.

Builders broke ground on new residences at a seasonally adjusted annual rate of 1.09 million in December, an increase of 4.4 percent month-over-month and 5.3 percent year-over-year, the Commerce Department reported Wednesday. For the entire year, the government estimates homebuilders started on 1.01 million new units, making 2014 the first year since 2007 that starts topped the 1 million mark.

The National Association of Home Builders (NAHB)/Wells Fargo builder sentiment index dropped to 57 in January, NAHB reported Tuesday morning. December's index was revised upward to 58, reflecting no change from the month before.

Total construction spending for November fell 0.3 percent from the prior month to a seasonally adjusted annual rate of $975 billion, the Commerce Department reported Friday. Economists polled by Econoday predicted a 0.5 percent pickup.

According to a report released Tuesday from the Commerce Department, homebuilders began construction on new houses in November at a seasonally adjusted annual rate of 1.03 million, down 1.6 percent month-over-month and 7 percent year-over-year. Despite the retreat in housing starts, there were a few pieces of good news in Tuesday's report.

Following a four-point uptick in November, the National Association of Home Builders' (NAHB) Housing Market Index dropped one point to 57 in December, the group said Monday. A reading above 50 indicates that market conditions are viewed more as good than bad.

According to a report released by the Commerce Department, groundbreaking on new housing projects was at a seasonally adjusted annual rate of 1.01 million last month, a drop of 2.8 percent from September's upwardly revised estimate of 1.04 million. Meanwhile, permit issuance for new housing units was at a rate of 1.08 million, a six-year high for that figure.