Builders Are Really, Really Confident in Housing

Phil Hall

May 15, 2017

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose two points in May, the second highest reading since the 2008 downturn.

Two of the three HMI components were up this month: The index charting sales expectations in the next six months jumped four points to 79 and the index gauging current sales conditions increased two points to 76. But the component measuring buyer traffic dipped by one point to 51. The three-month moving averages for HMI scores posted gains in three out of the four regions: the Northeast and South each took three-point gains to hit 49 and 71, respectively, while the West rose one point to 78. The Midwest was unchanged at 68.

“This report shows that builders’ optimism in the housing market is solidifying, even as they deal with higher building material costs and shortages of lots and labor,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.

Link copied

C-Suite Strategies

Eye, Eye Sir

When I widened my perspective, solutions seemed to fall into place.

Perspective has many definitions, such as the ability to understand what is important and what isn’t. And the capacity to view things in their true relations or relative importance. Consider this excellent example of how differently people view the same subject in this ancie...

C-Suite Strategies

Balancing The Busy

What do you do when you’ve got too much business?

I got another call today asking me to speak at an event, but – I’ve been getting this caveat more and more lately – no one wants me to talk about origination tips. Why? They “have enough business” already. It’s great that everyone is busy now, but I’m worried no one is plann...