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David Crowe

Builder Confidence Remains Flat for Third Consecutive Month

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Builder confidence in the market for newly built, single-family homes rose one point to 47 in April, from a downwardly revised March reading of 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). "Builder confidence has been in a holding pattern the past three months," said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.Click to continue

JPMorgan Chase and Wells Fargo Take Q1 Hits on Drops in Mortgage Production

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On Friday, two of the Big Four banks have unveiled their quarterly earnings reports. Overall, the first quarter seems to have had a noticeable ding on JPMorgan Chase and Wells Fargo’s mortgage production, with both companies posting significant losses in both areas.Click to continue

Metro Markets Show Strong Housing Gains in March

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Of the approximately 350 metro markets nationwide, 59 returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI). This represents a net gain of eleven metros year over year. The Index's nationwide score ticked up to 0.88 from a March reading of 0.87.Click to continue

February Winter Weather Drops Sales of Newly-Built Homes

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Sales of newly built, single-family homes fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units in February, according to newly released figures from the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau.Click to continue

Housing Starts Plateau in February

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Nationwide housing starts were virtually unchanged in February, inching down 0.2 percent to a seasonally adjusted annual rate of 907,000 units, according to newly released data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau.Click to continue

Homebuilder Confidence Rises Slightly in March

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Builder confidence in the market for newly-built, single-family homes rose one point to 47 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). "The March HMI mirrors last month's sentiment, as builders continued to be affected by poor weather and difficulties in finding lots and labor," said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.Click to continue

HomeBuilder Market Returning to Normalcy

Home Block Wood/Credit: Phil Ashley

Markets in 59 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/First American Leading Markets Index (LMI). This represents a net gain of one from the previous month. The Index's nationwide score held steady at 0.87. This means that based on current permits, prices and employment data, the nationwide average is running at 87 percent of normal economic and housing activity.Click to continue

Multifamily Builder and Developer Sentiment Weakens in Q4

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The Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB), showed a slight weakening as the index declined four points to 50 in the fourth quarter of 2013. It is, however, the eighth consecutive reading of 50 or above. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100.Click to continue

Sales of Newly-Built Homes Up Around 10 Percent

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Sales of newly built, single-family homes rose 9.6 percent to a seasonally adjusted annual rate of 468,000 units in January from an upwardly revised pace of 427,000 units in the previous month, according to data released today by the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau. This is the strongest sales pace since July of 2008.Click to continue

Mother Nature Laying the Smack Down on the U.S. Housing Market

For Sale Sign in the Snow

Here in the northeast, we’ve been having quite a hellacious winter. It seems to snow every week, which, of course, impacts just about every single aspect of life. The more obvious impacts on an individual’s life with a major snowfall include being given time off from work or working from home, limiting productivity, home renovations, planning and more.Click to continue