Archive

Posts Tagged ‘market index’

Builder Confidence Holds Steady in September

September 17th, 2013 Comments off

According to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), builder confidence in the market for new, single-family homes remained unchanged in Sept. at 58. “While builder confidence is holding at the highest level in nearly eight years, many are reporting some hesitancy on the part of buyers due to the sharp increase in interest rates,” said NAHB Chairman Rick Judson. Based on builder perceptions of current sales, sales expectations for the next six months and traffic of prospective buyers, the survey has been used for 25 years, and any number over 50 indicates more builders see conditions as good rather than poor. MHProNews has learned all four regions recorded gains: The Midwest and the West each advanced four points, and the Northeast and South both saw gains of two points.

(Photo credit: Wikipedia)

Mood Continues to Brighten for Home Builders

August 15th, 2013 Comments off

Builder confidence for new, single-family homes rose three points to 59, according to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI), bringing the index to its highest mark in almost eight years. Any number over 50 is rated as “good”, MHProNews has learned. The index measures current sales, traffic of prospective customers and sales expectations for the next six months. Says NAHB Chief Economist David Crowe, “Builder confidence continues to strengthen along with rising demand for a limited supply of new and existing homes in most local markets. However, this positive momentum is being slowed by the ongoing headwinds of tight credit and low supplies of finished lots and labor.” Regionally, the Midwest gained six points to 60, the West also moved up six points, to 57, while the South notched a four-point gain and the Northeast remained steady at 39.

(Photo credit: Sue Orgocki/Associated Press)

Builder Sentiment Rises for Senior Housing Market

August 8th, 2013 Comments off

Builder confidence in the 55+ housing market for single-family homes rose to its highest second quarter level since the National Association of Home Builders (NAHB) began keeping track in 2008. Marking the seventh quarter of year-over-year improvements, the Housing Market Index rose 24 points to 53, as MHProNews has learned. The index measures builders sentiment concerning current sales, prospective buyer traffic and anticipated sales for the next six months, in which any number over 50 means builders see the market as good rather than poor. “The 55+ HMI for single-family homes almost doubled from a year ago,” said NAHB Chief Economist David Crowe. “Sentiment in other segments of the 55+ market housing was strong as well. The main challenge for builders in many parts of the country is finding enough buildable lots in desirable locations and workers with the necessary skill set to respond to the increased demand.”

(Photo credit: Wikipedia)

Newly-built Housing Index Highest in Seven Years

July 17th, 2013 Comments off

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for July, builder confidence for newly-built single-family homes rose six points to 57, the index’s third consecutive monthly gain and the highest reading since Jan. 2006. Based on builder perceptions of current home sales, traffic of prospective buyers and sales expectations for the coming six months, any number over 50 indicates builders see the market as good rather than poor. While the numbers show definite improvement in the newly-built housing market, NAHB Chairman Rick Judson cautions, “This positive momentum could be disrupted by threats on the policy side, particularly with regard to the mortgage interest deduction and federal support for the housing finance system.” MHProNews has learned all four regions registered positive news: The Northeast gained four points to 40, the Midwest moved up eight points to 54, while the South increased five-points to 50 and the West hit 51 after moving up three points.

(Photo credit: comstockpremium)

Housing Market Index Posts Largest Gain in over Ten Years

June 17th, 2013 Comments off

For the first time in seven years, builder confidence for newly-built single-family homes has surpassed the 50th percentile mark, which indicates builders see the market as good rather than poor. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) gained eight points to 52. Based on a survey the NAHB has been conducting for 25 years, the HMI measures builder perceptions of current sales, prospective buyers, and sales expectations for the coming six months. The index has not risen eight points since the fall of 2002. “This is the first time the HMI has been above 50 since April 2006, and surpassing this important benchmark reflects the fact that builders are seeing better market conditions as demand for new homes increases,” said NAHB Chairman Rick Judson. Regionally, the Northeast, South and Midwest all posted gains while the West fell one point, as MHProNews has learned.

(Photo credit: Fotosearch)

Builder Confidence Regains Three Points

May 15th, 2013 Comments off

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) composite reports builder confidence rose from 41 in April to 44 in May, as all three indexes that make up the composite gained. The HMI is based on builders’ perceptions of current sales, sales expectations, and traffic of prospective buyers, all of which showed an increase for May. MHProNews has learned the HMI has been used for 25 years. “Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening local economies,” says NAHB Chairman Rick Judson. The three-month moving averages revealed no changes in the Northeast, Midwest, or South, with index scores of 37, 45, and 42 respectively, while the West dropped six points to 49.

(Photo credit: comstockpremium)

Builder Sentiment up for Senior Market

May 10th, 2013 Comments off

The National Association of Home Builders (NAHB) informs MHProNews their 55+single-family Housing Market Index (HMI) rose 19 points in the first quarter of 2013 to 46, the largest first quarter increase since the measurement began in 2008. Based on builders’ sentiments about the condition of the market for the coming six months, component numbers of the HMI all showed increase from a year ago : Present sales up 19 points to 46; anticipated sales for the next six months rose 21 points to 53; and prospective buyers increased 15 points to 41. Although any number below 50 means builders see the market conditions as poor rather than good, the marked turnaround from a year ago is a positive signal. “The strong year over year increase in confidence reported by builders for the 55+ market is consistent with year over year increases in other segments of the home building industry,” says NAHB Chief Economist David Crowe.

(Photo credit: Sue Orgocki/Associated Press)

Builders’ Confidence Wanes

April 18th, 2013 Comments off

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) survey reports builder confidence dropped two points to a composite score of 42 in March as concerns over rising material costs, tight credit, shortages of skilled labor and available lots nag at the market for newly built, single-family homes. As MHProNews knows the survey is based on builders’ perceptions of current sales, sales expectations, and traffic of prospective buyers for the next six months, and has been used by the NAHB for 25 years. Any score above 50 indicates builders think conditions are good, whereas any number below 50 is interpreted as meaning conditions are poor. Regionally, based on a three-month moving average of HMI scores, the Northeast remained at 38, the Midwest lost two points to 45, the South suffered a four-point decline to 42, and the West lost three points to settle at 55.

(Photo credit: Sue Orgocki/Associated Press)

NAHB/HMI Index Slides One Point

February 19th, 2013 Comments off

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for single-family newly-built homes dropped one point to 46 this month as builder confidence leveled off. A score of 50 or better indicates builders see the market as good versus poor, as MHProNews understands. Having been conducted for 25 years, the survey is a composite of builder perceptions of current sales conditions (51), sales expectations in the next six months (50), and traffic of prospective buyers (32). The three-month moving averages showed the Northeast and West gaining 3 and 4 points, respectively; and the South and Midwest each losing a couple. Observed NAHB Chief Economist David Crowe, “The index remains near its highest level since May of 2006, and we expect home building to continue on a modest rising trajectory this year.”

(Image credit: localism)

Senior Housing Market Looking Up

February 12th, 2013 Comments off

The National Association of Home Builders (NAHB) informs MHProNews builder confidence in the 55+ housing market for single-family homes grew by ten points in the fourth quarter 2012 versus the same period the year previous. NAHB’s Housing Market Index (HMI) measures builder sentiment based on current sales, prospective buyer traffic, and anticipated sales for six months. Although the indices are all below 50, which is the divide between a good and a poor market, all three components improved from a year ago. NAHB Chief Economist David Crowe says, “Like the overall housing market, the 55+ segment of the market is undergoing a slow but steady recovery. While problems with tight credit conditions for buyers and obtaining accurate appraisals are still lingering, new problems like spot shortages and rising costs for labor, materials and lots are beginning to emerge.”

(Photo credit: masterfile)