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Tag Archives: National Association of Home Builders

NAHB Projects Positive 2014 for Single-Family Homes

Speaking at the National Association of Home Builders (NAHB) International Builders' Show (IBS) in Las Vegas, economists expressed a positive outlook for homebuilders in 2014--with a few warnings. NAHB chief economist David Crowe noted five key points for his positive projections: ""Consumers are back, pent-up demand is emerging, there is a growing need for new construction, distressed sales are diminishing and builders see it."" However, builders still face hurdles like tight credit conditions, and difficulties in obtaining accurate appraisals.

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Housing Starts Reach Highest Rate in Almost 6 Years

November saw new housing starts jump to a nearly six-year high, the Census Bureau and HUD revealed Wednesday in a joint release. According to initial estimates, starts ran at a seasonally adjusted annual rate of 1.09 million, a 22.7 percent spike from October and the highest rate since February 2008. Single-family housing starts contributed 727,000 (adjusted annual rate) to November's total, while the rate for multifamily buildings was about 354,000.

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December Sees Promising Jump in Builder Confidence

According to the National Association of Home Builders' (NAHB)/Wells Fargo Housing Market Index (HMI), builder sentiment picked up in December to end the year at 58. The index first climbed to that level in August before falling to 57 in September and 54 in October and November. After struggling through most of the year's first half, the headline index climbed above the 50 mark in June for the first time since 2006; it has stayed in the 50-range ever since.

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Increasing Housing Permits Indicate Stability

Growing amounts of housing permits, improving home prices, and positive job numbers are leading to a stabilized housing market according to analysts. Recent studies revealed that markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI). However, policymakers still need to watch their footing.

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Builder Confidence Holds Steady in November

Builder confidence remained flat in the National Association of Home Builders' (NAHB) November report, with a slight majority of builders saying market conditions are promising. The NAHB/Wells Fargo Housing Market Index (HMI) came out to 54 this month, unchanged from October's downwardly revised reading. An index value above 50 indicates that more builders view conditions as good than poor; November marks the sixth straight month in which confidence has hovered above the neutral mark.

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Housing Affordability Suffers in Third Quarter

Steady gains in home prices and rising mortgage rates across the United States contributed to weakening housing affordability in the year's third quarter, the National Association of Home Builders (NAHB) reported Thursday. According to the association's Housing Opportunity Index (HOI), 64.5 percent of new and existing homes from the start of July through the end of September were considered affordable to families earning the national median income of $64,400. That share is down from 69.3 percent in the second quarter.

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Builder Confidence Suffers Another Setback

Builder confidence fell again in October but remained north of neutral, the National Association of Home Builders (NAHB) reported Wednesday in its Housing Market Index (HMI) report. Despite declining for the second straight month, the index has hovered above the neutral mark for five consecutive months now, and NAHB reports seeing signs of pent-up demand in many markets across the country. Furthermore, the association believes October's drop represents a temporary blip.

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Report: Housing Up to 85% of Pre-Recession Activity

A new index from the National Association of Home Builders (NAHB) and First American suggests that about one in seven housing markets have returned to or surpassed their pre-recessionary levels of activity. According to the association, the index registered a score of 0.85 nationwide, indicating that the national housing market is running at 85 percent of normal activity. Of the nearly 350 metro markets examined, 52 have reported levels of activity at least equal to those before the recession hit.

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New Home Sales Recover From July Plunge

Builders lowered prices and buyers responded in August, pushing new home sales up 7.9 percent to 421,000, reversing almost half of July's 64,000 drop in sales, the Census Bureau and HUD reported Wednesday. The report for August showed a slight shift away from higher-priced homes as houses priced at $500,000 or more accounted for 9 percent of August sales, down from 12 percent in July. Homes priced at $300,000 or less represented 63 percent of all August sales, unchanged from July.

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