Home Builder Confidence Moves To 6-Year High

Oct 17

Home Builder Confidence Moves To 6-Year High

October 17, 2012 By Jessica Wilkie Leave a Comment

As home prices rise, so does home builder confidence. Tuesday, the National Association of Homebuilders reported its monthly Housing Market Index (HMI) at 41, a one-tick improvement from September and the highest HMI value since June 2006 -- a span of 77 months. The Housing Market Index is a homebuilder confidence indicator. When it reads 50 or better, the HMI suggests favorable conditions for home builders nationwide. Readings below 50 suggest unfavorable conditions for builders. The … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Buyer, HMI, Home Builders, Home construction, Housing Market Index, NAHB, National Association of Home Builders, Real estate pricing, September, U.S. Housing Market

Aug 21

Single-Family Housing Starts Remain Strong

August 21, 2012 By Justin Paulhamus Leave a Comment

The market for newly-built homes remains strong. As reported by the U.S. Census Bureau, July featured 502,000 single-family housing starts nationwide on a seasonally-adjusted, annualized basis, marking the fourth straight month during which single-family starts posted north of one-half million. The last time this milestone occurred was in the four months ending April 2010 -- the last month of that year's federal home buyer tax credit. A "housing start" is a home on which construction … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Census Bureau, Federal Housing Administration, Home Builders, Homebuilder Confidence, Housing Starts, National Association of Home Builders, real estate, Real estate pricing, Single-family detached home, United States Census Bureau

Aug 16

Homebuilder Confidence Rises To 5-Year High

August 16, 2012 By Joshua Oliver Leave a Comment

Home builder confidence rises again. For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 -- an increase of more than 100% from one year ago and the highest HMI value since February 2007. The Housing Market Index is an indicator of homebuilder confidence and when it reads 50 or better, the HMI suggests favorable conditions for home builders. Readings below 50 suggest unfavorable conditions for builders. Despite the recent rise in home … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: HMI, Home Builders, Home construction, Housing Market Index, July, NAHB, National Association of Home Builders, Real estate pricing, Sales, Washington D.C.

Dec 28

New Home Sales Approach Bull Market Territory

December 28, 2011 By Joshua Oliver 6 Comments

New home inventory is approaching bull market territory. According to the Census Bureau, the number of new homes sold rose 2 percent in November. On a seasonally-adjusted, annualized basis, home buyers bought 315,000 newly-built homes last month. November's New Home Sales data marks the 4th straight month of rising sales volume, lifting the housing-market metric to a 7-month high, and adding to the housing market's recent show of strength. Last week, we learned that Existing Home Sales … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Buyer, Census Bureau, Home Builders, National Association of Home Builders, New Home Sales, New Home Supply, November, Real estate economics, United States Census Bureau, United States Department of Commerce

Dec 20

Home Builders Experiencing Heavy Foot Traffic And Higher Sales Volume

December 20, 2011 By Jessica Wilkie Leave a Comment

Housing Market Index Washington DC November 2011

In another good sign for the housing market, today's home builders believe that the housing market has turned a corner. For the third straight month, the Housing Market Index -- a home builder confidence survey from the National Association of Homebuilders -- reported strong monthly gains. December's Housing Market Index climbed 2 points to 21 in December after a downward revision to last month's results. The index is now up seven points since September 2011, and sits at a 19-month … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Buyer, December, HMI, Home Builders, Homebuilder Confidence, Housing Market Index, NAHB, National Association of Homebuilders, November, Real estate economics, Single-family detached home

Nov 17

Homebuilders Getting Optimistic; Higher Home Prices Ahead?

November 17, 2011 By Justin Paulhamus 8 Comments

Homebuilder confidence continues to rise. Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21. It's the second straight month that the HMI posted a 3-point gain, catapulting the index to an 18-month. The Housing Market Index is monthly report from the National Association of Homebuilders. It's meant to measure confidence among the nation's homebuilders, scored on a scale of 1-100. When homebuilder … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: HMI, Home Builders, Housing Market Index, Mortgage loan, NAHB, National Association of Homebuilders, Single-family detached home, washington dc

Oct 27

New Home Inventory Keeps Sinking

October 27, 2011 By Mark Mlakar Leave a Comment

Home builders continue to sell homes and work through inventory. According to data from the Census Bureau, the number of new homes sold in September jumped 6 percent from the month prior, beating analyst expectations. On a seasonally-adjusted, annualized basis, buyers in District of Columbia and nationwide closed on 313,000 newly-built homes last month. It's the highest reading since April and a major reason why the available number of new homes for sale is shrinking. As compared to … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Buyer, Census Bureau, Home Builders, homes for sale, Mortgage loan, New Home Sales, New Home Supply, Real estate economics, Seasonal adjustment, washington dc