Posts Tagged NAHB

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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Builder Confidence Reaches 8-Month High in November

home builders

Home builders are feeling a lot better about where the new housing market is headed, thanks to a consistent increase in demand and a continuing struggle with real estate inventory. According to the latest information from the National Association of Home Builders (NAHB), builder confidence in the market for newly-built, single-family homes rose 2 points to a level of 70 in November, marking the highest reported confidence level since March and the second highest on record since July 2005.

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New Home Sales Pace Hits 10 Year High

newly built modern home

The pace of newly built, single family home sales hit a record high for September, rising 18.9 percent to a seasonally adjusted annual rate of 667,000 units from an upwardly revised August reading, according to data from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This significant gain in new home sales helped push new home sales to its highest pace in a decade. 

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