Home builders had less confidence in housing market conditions in September. In the aftermath of Hurricanes Harvey and Irma, builders worried that ongoing shortages of construction labor and materials would worsen. NAHB Chairman Granger MacDonald said that concerns over labor and building materials were “intensified,” but said that builder confidence was expected to return to high readings once rebuilding is underway.
New Home Construction Seen As A Possible Solution To Pent Up Demand For Homes
February 17, 2016 by
Builder confidence in markets for new homes fell three points in February to a reading of 58. January’s reading was revised upward to 61. Builders have repeatedly expressed concerns shortages of labor and lots for development, but continue to express confidence in future sales conditions.
3rd Quarter Change in Months of Inventory
October 17, 2014 by
Holy mackerel! For all of us who’ve been talking about a shift happening…. Look at this data. The blue bars represent the months of inventory and the green bars represent the absorption rate. The real story is the dramatic shift in the amount of change. The absorption rate is for this period (the […]
A Guide to Selecting a Home and Property That Will Suit Your Growing Family
June 26, 2014 by
Both seasoned homeowners and first-time buyers know making the decision to purchase a new home is not one that is taken lightly.
Highest Year-Over-Year Increase In Home Prices Since 2005
March 5, 2014 by
Two major indicators of home price trends showed a slowing momentum for home prices in December.
Case Shiller Price Index Shows Homeowners A Rise In Home Equity
January 30, 2014 by
According to the S&P/Case-Shiller 10 and 20-City Home Price Indices released Tuesday, the U.S. Housing Market is on a roll based on year-over-year increases in average home values, but month-to-month results were mixed.
Existing Home Sales Reach Highest Level In 7 Years
January 28, 2014 by
The NAR provided great year-end news as existing home sales in December pushed 2013 sales of existing homes to a 7 year high.
Case Shiller Price Index Shows Highest Year-Over-Year Gains Since 2006
January 7, 2014 by
The Case-Shiller 10 and 20-City Home Price Indices for October were released on December 31. Although home prices in most cities continued to show year-over-year gains,, the pace of home price appreciation is expected to slow in 2014.
New Home Sales Show Healthy Year-Over-Year Increase
December 31, 2013 by
The holiday season and winter weather slowed home sales in November. Last week, the NAR reported that sales of existing homes had slumped to their lowest level in nearly a year, but this was not unexpected.
Housing Market Index Shows Builder Confidence Up 23 Percent Year-Over-Year
December 18, 2013 by
According to the National Association of Homebuilders/Wells Fargo Homebuilders Market Index for December, builder confidence recovered in with a reading of 58. This surpassed both expectations of 56 and last month’s reading of 54.
