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National Association of Home Builders (NAHB)

Builder Confidence Tails Off in October

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After four consecutive monthly gains, builder confidence in the market for newly built single-family homes fell five points to a level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

"We are seeing a return to the mid-50s index level trend established earlier in the summer, which is in line with the gradual pace of the housing recovery," said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. "While there was a dip this month, builders are still positive about the housing market."Click to continue

New-Home Sales in August Hit Highest Mark in Six Years

For Sale/Credit: Stockbyte

Sales of newly built, single-family homes increased 18 percent in August to a seasonally adjusted annual rate of 504,000 units in August, the highest level in six years, according to newly released data by the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau.Click to continue

Decline in Multifamily Forces August Housing Starts to Drop Nearly 15 Percent

For Sale Sign/Credit: Medioimages/Photodisc

Led by a steep 31.7 percent decline in multifamily production, nationwide housing starts fell 14.4 percent to a seasonally adjusted annual rate of 956,000 units in August, according to newly released figures from the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau.Click to continue

Builder Confidence Hits Nine-Year High in September

Builder Confidence/Credit: Goodshoot

Builder confidence in the market for newly built, single-family homes rose for a fourth consecutive month in September to a level of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This latest four-point gain brings the index to its highest reading since November of 2005.Click to continue

Multifamily Production Index Gains Five Points

Apartment Pic/Credit: Stockbyte

The Multifamily Production Index (MPI) recently released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th straight quarter with a reading of 50 or above.Click to continue

Reverse Mortgage Funding Announced As First Sponsor At NAHB Leadership Circle

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Reverse Mortgage Funding (RMF) announced it is the first-ever corporate sponsor of the National Association of Home Builders’ (NAHB) 50+ Housing Council Leadership Circle, further strengthening its ties to the senior housing market. The NAHB’s 50+ Housing Council Leadership Circle comprises the nation’s most active and influential senior housing builders.Click to continue