Articles Tagged with ''Housing Market Index''

Builder confidence slips for third consecutive month

But remains at strong level
Builder confidence dipped in March, falling for the third consecutive month, however it is still at a high level historically. The National Association of Home Builders cautioned builders are reporting challenges in finding buildable lots, which could limit their ability to meet demand.
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Builder confidence falls at start of new year

But remain confident tax reform will bring greater economic growth
Builder confidence declined slightly at the start of 2018, according to the National Association of Home Builders and Wells Fargo Housing Market Index. However, NAHB explained that builders continue to remain confident that recently passed tax reform will promote economic growth.
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Builders: New policies improving housing market conditions

Builder confidence ends 2017 with 18-year high
Builder confidence improved in December to its highest reading in 18 years as builders say housing market conditions are improving due to new policies. NAHB’s chief economist explains why the market can expect continued upward movement of the single-family construction sector next year.
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Recent hurricanes create concern among homebuilders

Intensified concern over labor, cost of building materials
The recent hurricanes which swept the coastlines in parts of Texas and Florida created a drag on homebuilder confidence. The National Association of Home Builders explained the hurricanes intensified its members’ concerns about the availability of labor and the cost of building materials.
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Homebuilders’ confidence rises with demand for new homes

Confidence returns to healthy levels
Builders continue to face supply-side challenges, such as lot and labor shortages and rising building material costs, however their confidence still increased. Home builders reported a higher confidence level as the demand for newly-built homes continues to rise in August.
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Homebuilder confidence slips on rising material costs

Concerns grow dues to higher prices
Home builders were less confident in July due to a rising concern on the price of building materials. As all three of the Housing Market Index components fell, the market for newly built homes saw a decreasing confidence in the current and future sales conditions.
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Builder confidence waivers in June

But remains at relatively high levels
Builder confidence fell slightly in June from the downwardly revised confidence level in May. However, the National Association of Home Builders explained the level of confidence is still historically high, and reflects the gradually improving housing economy.
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Homebuilder confidence soars in May

Hits second highest reading since crisis
Builder confidence increased in May, reaching its second highest reading since the housing crisis. This confidence is in spite of the growing costs of material and labor, and shows consumer confidence is growing in the new home market.
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