Single-Family Housing Starts Remain Strong

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

May 24

New Home Sales Rise For 7th Month Out Of 8

May 24, 2012 By Justin Paulhamus Leave a Comment

The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones. According to the U.S. Census Bureau, the number of new homes sold rose 3.3 percent in April to a seasonally-adjusted, annualized 343,000 units sold -- its second-highest reading since April 2010. April 2010 marked the last month of that year's federal home buyer tax credit program. April's New Home Sales data also marks the 7th of eight consecutive months during … [Read more...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: Buyer, Homebuilder Confidence, Mortgage loan, New Home Sales, New Home Supply, Real estate pricing, Seasonal adjustment, Supply and demand, United States Census Bureau, Washington D.C.

Apr 17

Homebuilder Confidence Slips 3 Points In April

April 17, 2012 By Jessica Wilkie Leave a Comment

For the first time in 3 months, homebuilder confidence has slipped. As measured by the National Association of Homebuilders, the Housing Market Index dropped three notches in April to a reading of 25. The report measures homebuilder confidence in the newly-built, single-family housing market. When the Housing Market Index reads 50 or better, it reflects favorable market conditions. Readings below 50 reflect unfavorable conditions. According to the scale, not since April 2006 have … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: April, Buyer, HMI, Homebuilder Confidence, Housing Market Index, Mortgage loan, NAHB, National Association of Home Builder, Real estate economics, Single-family detached home, washington dc

Feb 16

Homebuilder Confidence Returns To Pre-Recession Levels

February 16, 2012 By Jessica Wilkie 1 Comment

New construction buyers in District of Columbia , look out. The nation's home builders are predicting a strong 2012 for new home sales. It may mean higher home prices as the spring buying season approaches. For the sixth straight month, the National Association of Homebuilders reports that homebuilder confidence is on the rise. The Housing Market Index climbed four points to 29 in February, the index's highest reading since May 2007. The Housing Market Index is now up 8 points in … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: February, home builder, Homebuilder Confidence, Housing Market Index, NAHB, National Association of Home Builders, National Association of Homebuilders, New Home Sales, Real estate pricing, washington dc

Jan 20

Behind The Housing Starts Headlines, The Story That Matters

January 20, 2012 By Jessica Wilkie 3 Comments

When it comes to housing data, sometimes you have to look past the headlines. December's Housing Starts data offers a terrific illustration of why. Each month, the Census Bureau tallies Housing Starts for the month prior. A "housing start" is a home on which construction has started. The Housing Starts report is separated by property type. There is a count for single-family homes; a count for 2-4 unit homes; and a count for buildings of 5 units or more, a category including … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: December, Homebuilder Confidence, Housing Starts, MarketWatch, New Home Sales, Real estate pricing, Single-family detached home, United States Census Bureau, washington dc

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 18

Housing Starts Rising; New Construction Turns The Corner?

November 18, 2011 By Jessica Wilkie 2 Comments

Another day, another signal that the market for newly-built homes is improving. Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October -- a 4 percent increase from September and the highest reading in 3 months. A "Housing Start" is a home on which ground has been broken. The increase in surprised Wall Street analysts, although it shouldn't have. Earlier this week, the National Association of Homebuilders showed that Homebuilder Confidence is … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Census Bureau, District of Columbia, Homebuilder Confidence, Housing Starts, Mortgage loan, National Association of Homebuilders, October, Real estate pricing, Wall Street, washington dc

Jul 20

Housing Starts Surge 9 Percent; Signal A Strong Fall Season

July 20, 2011 By Barry Epstein Leave a Comment

Builders are busy once again. According to the Census Bureau, Single-Family Housing Starts rose to 453,000 on a seasonally-adjusted, annualized basis in June -- a 9 percent spike from the month prior and the highest reading in 3 seasons. A "Housing Start" is defined as a home breaking ground on new construction. June's reading is largest one-month jump since June 2009. The reading surprised Wall Street despite that the Homebuilder Confidence survey may have foreshadowed the … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Building Permits, Homebuilder Confidence, Housing Starts, National Association of Homebuilders, New Home Sales, Real estate broker/agent