Posts Tagged home building

Home builder confidence remains strong into the new year

new home builder

Builder confidence for new, single-family homes fell slightly as 2018 began, but overall remains strong. The National Association of Home Builders (NAHB) recently released the results of their monthly joint report with Wells Fargo, which support the continuing strength of the market for new homes. The NAHB/Wells Fargo Housing Market Index (HMI) dropped 2 points in January to 72 after reaching an 18-year high in December 2017. 

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Fewer New Homes Sold in August

In periods of low real estate inventory, the new homes market can strengthen as demand for housing outpaces supply. However, in a curious turn of events, the U.S. housing market is currently seeing a drop in new home sales, while levels of housing inventory continue to recede. Newly built single-family homes are often looked at as a viable alternative to existing homes during times of tight market supply. After all, if there aren’t enough homes for sale and buyers are capable and motivated, developers can use these conditions to their advantage and begin building wherever possible. So why then are

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New Home Sales Rise in June

new home

New home sales were on the rise in June, signaling a steady increase in demand for newly-built, single-family homes. Although slight, the month-over-month increase in new home sales further strengthens the solid gains that have been reported so far in 2017. According to a July 26 press release from the National Association of Home Builders (NAHB), new homes sales rose 0.8 percent in June to a seasonally-adjusted annual rate of 610,000 units from a downwardly revised May reading. The data comes from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.

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