Items Tagged with 'Housing Market Index'

ARTICLES

  • Homebuilder confidence stabilizes, hinting at solid spring home buying season

    Builders say market is finding its footing following late 2018 slowdown
    Despite affordability and labor concerns, homebuilder confidence held steady at 62 points in March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. In fact, NAHB Chairman Greg Ugalde said builders anticipate a solid spring home buying season.
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  • Construction spending retreats 0.6% in December

    December’s spending is 1.6% above the previous year's estimate of $1.27 trillion
    The U.S. Census Bureau announced that construction spending during December 2018 was estimated at a seasonally adjusted annual rate of $1.29 trillion, retreating 0.6% from the revised November estimate of $1.3 trillion. Notably, spending on private construction was at a seasonally adjusted annual rate of $991.2 billion, 0.6% below the revised November estimate of $997.1 billion.
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  • Experts: Housing starts signal trouble ahead

    Inventory and affordability concerns create supply and demand stalemate
    In October, growth in housing starts was propelled by development in the multifamily sector, but some experts are warning that there could be trouble ahead for the housing market. In fact, several believe that affordability and inventory concerns are contributing to a turn in the market, negatively impacting homebuilder confidence.
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  • Homebuilder confidence falls as affordability concerns grow

    Interest rates, home prices hindering builder optimism
    Affordability concerns contributed to homebuilder confidence falling eight points to 60 in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said for the past several years, shortages of labor and lots along with rising regulatory costs have led to a slow recovery in single-family construction.
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  • Moody's: Homebuilding outlook falls from positive to just ok

    Macro factors and order trends expected to slow growth
    Moody’s Investor Service has lowered its homebuilding outlook from positive to stable, signaling macro factors and order trends are expected to impact future growth. Moody's VP-Senior Credit Officer Joseph Snider said the firm believes that industry revenue growth will be below 10% by 2019.
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  • Home builders: Baby Boomer home sales disappoint

    Data suggests more Boomers are staying put
    Builder confidence in the housing market for those 55 years of age and older is slipping, highlighting a recent trend showing that Baby Boomers staying put rather than downsizing. According to the latest Housing Market Index from the National Association of Home Builders, sales of single-family homes to those 55 and older declined seven points the third quarter.
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  • Construction spending holds ground

    September sees 7.2% year-over-year gain
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2018 was estimated at a seasonally adjusted annual rate of $1.330 trillion. Notably, the August figure is 7.2% above the September 2017 estimate of $1.24 trillion.
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