Posts Tagged NAHB

Remodeling Confidence Remains Strong in Third Quarter

home builder constructing a wooden frame

More home remodelers are reporting an increase in market activity, as the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 58 in the third quarter of 2018. This continues the trend of the RMI consistently posting readings above 50 and remains stable from the previous quarter.

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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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