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National Association of Home Builders (NAHB)

Remodeling Market Index Up Three Points

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The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) rose three points to 56 in the second quarter of 2014, regaining the momentum built in 2013. This is the fifth consecutive quarter for an RMI reading above 50. An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower.Click to continue

Home Sales Dip Over Eight Percent For Month of June

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Sales of newly built, single-family homes fell 8.1 percent to a seasonally adjusted annual rate of 406,000 units in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for May were revised downward to 442,000.Click to continue

Dip in Southern Production Drags Nationwide Numbers Down Nearly 10 Percent in June

US Map/Credit: Comstock

Nationwide housing production fell 9.3 percent to a seasonally adjusted annual rate of 893,000 units in June, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The drop was due primarily to a nearly 30 percent decline in the South. All other regions posted monthly gains.Click to continue

Builder Confidence at Highest Point Since January

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Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading over 50 indicates that more builders view sales conditions as better than poor.Click to continue

Bipartisan Legislation Introduced for Energy-Saving Homes

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Bipartisan legislation introduced yesterday by Reps. Marsha Blackburn (R-TN) and Kurt Schrader (D-OR) would help promote savings in commercial buildings and residential homes through the use of more cost-effective energy codes, which set energy efficiency baselines for buildings, according to the National Association of Home Builders (NAHB).Click to continue

New Job Creation Spurs Sales of Newly-Built Homes to Six-Year High

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Sales of newly built, single-family homes rose 18.6 percent to a seasonally adjusted annual rate of 504,000 units in May, according to newly released data by the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau, to its highest point since May 2008.Click to continue

Housing Production Dips 6.5 Percent in May

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Declines in both single - and multifamily starts pushed nationwide housing production down 6.5 percent in May to a seasonally adjusted annual rate of just over one million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. However, single-family permits, which can be an indicator of future building activity, rose 3.7 percent.Click to continue

Builder Confidence on the Rise in June

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Builder confidence in the market for newly built, single-family homes rose four points in to reach a level of 49 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It remains one point shy of the threshold for what is considered good building conditions.Click to continue