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Posts Tagged ‘hmi’

Homebuilder Sentiment Hits Ten-Year High

September 16th, 2015 Comments off

home building   fotosearchAccording to cnbc, the National Association of Home Builders (NAHB) reports the Housing Market Index (HMI) of builder sentiment rose to 62 in September, the highest level since 2005, and now in positive territory (above 50) since July, 2014.

The HMI shows that single-family housing is making solid progress,” said NAHB Chairman Tom Woods. “However, our members continue to tell us that they are concerned about the availability of lots and labor.”

Current sales conditions rose one point to 67, while sales expectations for the next six months dropped two points to 68. Current traffic of potential buyers did rise two points to 47, but remains in negative territory.

NAHB Chief Economist David Crowe expects 1.1 million total housing starts this year, both single-family and multifamily.

As a recap, MHProNews reminds readers housing starts rose 12.8 percent in July over June, but building permits fell 1.9 percent.

Meanwhile, the Mortgage Bankers Association (MBA) reports mortgage applications in advance of minutes of the Federal Reserve meeting fell seven percent in the week ending Sept. 11. ##

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matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Home Builder Sentiment Measures Near Ten-year High

August 18th, 2015 Comments off

home_pr_increase___etftrends_creditMHProNews has learned from reuters that, according to the National Association of Home Builders (NAHB), homebuilder sentiment in August rose to its highest level in almost ten years. In line with economists expectations, the NAHB/Wells Fargo Housing Market Index (HMI) rose from 60 in July to 61 this month. Any reading above 50 indicates homebuilders have high expectations as opposed to low expectations; the reading has not been below 50 since June 2014.

Today’s report is consistent with our forecast for a gradual strengthening of the single-family housing sector in 2015. Job and economic gains should keep the market moving forward at a modest pace throughout the rest of the year. NAHB Chief Economist David Crowe said in a statement.

Marking its highest level since November 2005, the single-family home sales component rose from 65 to 66, while expectations for the next six months was steady at 70. Prospective buyer traffic rose from 43 to 45, the highest level since Dec. 2014. ##

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matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

55+ Housing Market Index Remains Steady

August 12th, 2015 Comments off

baby_boomers____howstuffworksThe National Association of Home Builders (NAHB) reports its 55+ Housing Market Index (HMI) slipped one point to 57 in the second quarter of 2015, but maintains the fifth consecutive quarter with a reading over 50. Any number over 50 indicates builders think conditions are good rather than poor, according to consumeraffairs.

Distinguishing between single-family homes and multi-family condos, the survey is based on current sales, prospective buyer traffic and outlook for six months.

In the single-family HMI sector, present sales fell two points to 62, expected sales for the next six months slipped one point to 66, while prospective buyers rose three points to 43.

In the multifamily 55+ category, present sales increased three points to 44, six months anticipated sales rose sharply 10 points to 49 and traffic of prospective buyers rose eight points to 41.

MHProNews has learned all four indices regarding 55+ multifamily rentals dropped in the second quarter. Present production plummeted 12 points to 46, anticipated future production fell 3 points to 49, current demand for existing units dropped 9 points to 59 and future demand slipped one point to 63.

NAHB Chief Economist David Crowe said, Overall, builders in the 55+ housing sector remain positive about the market,. However, many builders are being cautious as lot availability and skilled labor shortages remain a challenge in some parts of the country.##

(Photo credit: howstuffworks–baby boomers)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Builders of Single-family Homes see Brighter Days

June 15th, 2015 Comments off

house under const  housingwireThe National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June, more than expected, from 54 to 59 points, hitting its highest level since September, 2014, indicating confidence among home builders. While any number above 50 indicates builders see conditions as favorable, Reuters says economists they polled predicted the rise would be only two points to 56.

There is “a growing optimism among builders that housing will continue to strengthen in the months ahead,” said NAHB Chief Economist David Crowe. “At the same time, builders remain sensitive to consumers’ ability to buy a new home.

The HMI is comprised of three components: the single-family home sales component rose seven points to 65. Expectations of single-family sales for the coming six months increased six points to 69, while MHProNews understands prospective buyer traffic rose five points to 44.

Previously, the government said new home sales rose 6.8 percent in April, while construction spending rose to its highest level since 2006. Regionally, foxbusiness says builder confidence increased three points to 60 in the South, three points to 44 in the Northeast, and two points in the West to 57. The Midwest dropped a point to 54. ##

(Photo credit: housingwire)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Market for Single-family 55+ Building Remains Strong

May 1st, 2015 Comments off

senior smiling   masterfile creditThe National Association of Home Builders (NAHB) tells MHProNews that builder confidence in the single-family 55+ housing market remains strong in Q1 2015 despite the index edging down one point to 58 from the previous quarter. This marks the fourth consecutive quarter the Housing Market Index (HMI) has been above 50. Any number above 50 indicates builders feel positive towards this segment of the market.

Two of the three components of the 55+ single-family HMI marked increases from the fourth quarter of 2014: current sales rose one point to 64, expected sales for the coming six months increased three points to 67, while the flow of prospective buyers dropped eight points to 40.

Timothy McCarthy, chairman of NAHB’s 50+ Housing Council, said, “Builders in many parts of the country were affected by a particularly severe winter, but builders and developers in the 55+ sector continue to be positive as we move forward in 2015.” He says builders in the 55+ market remain bullish for the remainder of the year. ##

(Image credit: masterfile–smiling senior)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Housing Market Index Rises to Highest Yearly Point

April 15th, 2015 Comments off

house building  comstock premiumThe National Association of Home Builders (NAHB) tells MHProNews builder confidence for single-family, newly-built homes rose four points in April to 56 points on the NAHB/Wells Fargo Housing Market Index (HMI). Any number over 50 indicates more builders see conditions as good rather than poor.

NAHB Chief Economist David Crowe said, “The HMI component index measuring future sales expectations rose five points in April to its highest level of the year. This uptick shows builders are feeling optimistic that the housing market will continue to strengthen throughout 2015.

Based on a survey that has been conducted for 30 years, the index measures current single-family home sales, sales expectations for the next six months, and traffic of prospective home buyers. Regionally, gauging the three month moving index for HMI scores, the South rose a point to 56, the Northwest remained at 42, the Midwest dropped two points to 54, while the West fell three points to 58. ##

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matthew-silver-daily-business-news-mhpronews-com  Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

Builders of Stick-Built Homes Indicate Slight Confidence Drop

March 16th, 2015 Comments off

home building   fotosearchThe National Association of Home Builders (NAHB) informs MHProNews that builder confidence for for newly-built, single-family homes dropped two points in March on the NAHB/Wells Fargo Housing Market Index (MHI), hitting the lowest point in eight months.

NAHB Chief Economist David Crowe and Chairman Tom Woods, noting the index remains in positive territory–any reading above 50 indicates builders see conditions as more favorable rather than less favorable—are still confident of a strong spring buying season due to the growing job market, low interest rates and pent-up demand.

Builders’ gauge of current sales conditions fell three points, estimate of buyer traffic dropped two points, while the gauge of sales expectations for the next six months held steady at 59. Regionally, in composite form, the Midwest rose two points to 56, the West fell seven points to 61, the South lost two points to 55 and the Northeast dropped two points to land at 43.

The NAHB has been conducting a monthly survey of builders for 30 years. ##

(Photo credit: fotosearch)

matthew-silver-daily-business-news-mhpronews-com  Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

Builder Confidence in Single-family Homebuilding Rises

September 17th, 2014 Comments off

home planning     theatlanticcities  creditNotching its highest reading since Nov. of 2005, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) tells MHProNews builder confidence in the market for single-family homes rose four points to 59. The HMI gauges builder perceptions of current single-family home sales, sales expectations for the next six months and traffic of prospective buyers, where any number over 50 indicates more builders view conditions as good rather than poor. “While a firming job market is helping to unleash pent-up demand for new homes and contributing to a gradual, upward trend in builder confidence, we are still not seeing much activity from first-time home buyers,” said NAHB Chief Economist David Crowe. “Other factors impeding the pace of the housing recovery include persistently tight credit conditions for consumers and rising costs for materials, lots and labor.” Based on a survey NAHB has been conducting for 30 years, builder confidence rose in all four regions of the U. S. in September. ##

(Image credit: theatlanticcities.com–home planning)

Single-family Home Builder Expectations Rise

July 16th, 2014 Comments off

MHProNews has learned the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose four points to 53 in July, indicating more single-family home builders than not have confidence in sales prospects. This survey, having been conducted by NAHB for 30 years, gauges builder perceptions of current prospects, current single-family home sales and expectations for the coming six months. MHProNews understands this jump marks the first time since January the HMI has been above 50. “An improving job market goes hand-in-hand with a rise in builder confidence,” said NAHB Chief Economist David Crowe. “As employment increases and those with jobs feel more secure about their own economic situation, they are more likely to feel comfortable about buying a home.” ##

(Photo credit: fotosearch.com)

Single-family Home Builders One Point more Confident

June 16th, 2014 Comments off

Builder confidence for single-family, newly-built homes rose four points to 49, one point shy of the mark for what is considered “good” building conditions. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The result of a monthly survey NAHB has been conducting for 30 years, the Index gauges builders perceptions of current single-family home sales, expectations for the coming six months and traffic of prospective buyers. “Consumers are still hesitant, and are waiting for clear signals of full-fledged economic recovery before making a home purchase,” said NAHB Chief Economist David Crowe. “Builders are reacting accordingly, and are moving cautiously in adding inventory.” MHProNews has learned regionally, considering the three-month moving averages, the South and Northeast each gained a point, while the West remained steady and the Midwest lost one point. ##

(Photo credit: housingwire.com–new home construction)