Posts Tagged NAHB

55+ Housing Market Continues to Strengthen in Second Quarter

older happy couple standing on front steps of house

Builder confidence in the single-family 55+ housing market continued to strengthen in the second quarter of 2018, according to the latest National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI), released August 2. The index gained one point overall to 67 while the component measuring current sales increased 3 points to 73.

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New Home Sales Dip in June

luxurious modern home

Sales of newly built, single-family homes dropped 5.3 percent in June to a seasonally adjusted annual rate of 631,000 units after a downwardly revised May report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “Uncertainty caused by tariffs and the talk of trade wars are making home buyers more cautious, and builders are taking note of this situation,” said Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La. “Not only are consumers and builders concerned about the current lumber

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Builder confidence drops slightly as lumber prices climb

home builder constructing a wooden frame

As the price of lumber increased, builder confidence in the market for newly-constructed, single-family homes dropped slightly in June. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence fell two points to 68, due in large part to the recent sharp rise of lumber costs in the U.S.; however, the June HMI reflects that overall confidence remains on solid ground.

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