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Dec 19

Homebuilder Confidence Rises For 9th Straight Month

December 19, 2012 By Leave a Comment
Homebuilder Confidence Rises For 9th Straight Month

The National Association of Home Builders (NAHB) released its Housing Market Index (HMI), showing another monthly gain -- its ninth in a row. The HMI -- a gauge of homebuilder confidence -- rose 1 point to 47 in December 2012, lifting the index to its highest levels since April 2006. Readings under 50 indicate unfavorable housing conditions for builders. Readings over 50 signal "good" conditions. Coincidentally, the last time that the HMI read above 50 was April 2006, too. The Housing … [Read more...]

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Oct 17

Home Builder Confidence Moves To 6-Year High

October 17, 2012 By Leave a Comment
Housing Market Index

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...]

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Sep 20

Housing Starts Move To 2-Year High

September 20, 2012 By Leave a Comment
Housing Starts Move to 2-Year High

The new construction housing market continues to make gains. Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide. The report marks the fifth month of six that single-family starts increased, and marks the highest starts tally since April 2010 -- the last month of that year's federal homebuyer tax credit program. A "housing start" is a new home on which … [Read more...]

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Aug 16

Homebuilder Confidence Rises To 5-Year High

August 16, 2012 By Leave a Comment
Homebuilder Confidence Washington DC

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...]

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Apr 17

Homebuilder Confidence Slips 3 Points In April

April 17, 2012 By Leave a Comment
Housing Market Index - Washington, DC

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...]

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Feb 16

Homebuilder Confidence Returns To Pre-Recession Levels

February 16, 2012 By 1 Comment
Home Market Index January 2012

  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...]

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Jan 19

Home Builders See More Sales, Higher Prices Ahead

January 19, 2012 By 8 Comments
HMI December 2012 - Washington DC

Homebuilder confidence is soaring. For the fourth straight month, the National Association of Homebuilders reports an increase in its Housing Market Index. The index climbed 4 points to 25 this month -- its second four-point gain since October. With home sales activity increasing across all four regions, the monthly HMI has now nearly doubled in value since June 2011. The HMI is now at a 55-month high. The Housing Market Index itself is a composite reading; the result of three … [Read more...]

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Dec 20

Home Builders Experiencing Heavy Foot Traffic And Higher Sales Volume

December 20, 2011 By 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...]

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Nov 17

Homebuilders Getting Optimistic; Higher Home Prices Ahead?

November 17, 2011 By 8 Comments
hmioctober

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...]

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Oct 19

Homebuilder Confidence Rises on Surging Sales Volume, Foot Traffic

October 19, 2011 By 3 Comments
hmi

Homebuilder confidence is rebounding sharply. Just one month after falling to a multi-month low, the Housing Market Index rebounded four points to 18 for October. It's the highest reading for the HMI since May 2010 -- the month after last year's homebuyer tax credit expiration. The Housing Market Index is published monthly by the National Association of Homebuilders and is scored on a scale of 1-100. Readings above 50 indicate favorable conditions for homebuilders. Readings below 50 … [Read more...]

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