16 Mar 2017
By Mark Feder

NAHB: Home Builder Confidence Highest in 12 Years

Home Building Tips
According to the National Association of Home Builders Housing Market Index for March, builder confidence in market conditions reached its highest level in 12 years and was six points higher than February's index reading of 65. Housing market index readings are based on three components. Builder confidence in current market conditions for new single family homes rose seven points to 78; builder confidence in market conditions for the next six months increased five points to an index reading of 78. Most surprising was the reading for buyer traffic in new housing developments, which eight points to 54 in March. Buyer…
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17 Feb 2016
By Mark Feder

New Home Construction Seen As A Possible Solution To Pent Up Demand For Homes

Housing Analysis
Builder confidence in markets for new homes fell three points in February to a reading of 58. January's reading was revised upward to 61. Builders have repeatedly expressed concerns shortages of labor and lots for development, but continue to express confidence in future sales conditions. David Crowe, National Association of Home Builder's (NAHB) chief economist, said that builders are watching slowing economic trends, but also cited low mortgage rates, improving labor markets and pent-up demand for homes as factors for strong U.S. housing markets. The NAHB notes that any reading over 50 indicates that more builders were confident than those…
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21 Dec 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – December 21, 2015

Market Outlook
Last week's scheduled economic reports included the NAHB Housing Market Index, Housing Starts, FOMC statement and Fed Chair Janet Yellen's press conference. In addition to weekly reports on jobless claims and mortgage rates, inflation reports were also released. Builder Confidence Slips, Housing Starts Increase According to the NAHB / Wells Fargo Housing Market Index for December, home builder confidence slipped by one point to a reading of 61 as compared to an expected reading of 63 and November's reading of 62. December's reading was three points higher year-over-year. Readings over 50 indicate that more builders than fewer are confident about…
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26 Oct 2015
By Mark Feder

What’s Ahead For Mortgage Rates This Week – October 26, 2015

Market Outlook
Last week's economic news included the National Association of Home Builders Index, Housing Starts and FHFA's report on August home sales. The National Association of Realtors® released its monthly report on sales of previously owned homes. Builder Confidence and Housing Starts Post Gains The Wells Fargo National Association of Home Builders Housing Market Index for September posted its highest level of builder confidence in 10 years a higher than expected results with a reading of 64 for October. Analysts expected a reading of 62 based on September's reading of 61. The NAHB Wells Fargo Housing Market Index reading is based…
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