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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...]

Filed Under: Selling Real Estate in Washington, DC Tagged With: , ,
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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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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Aug 09

Improving Market Index Spans 32 States, District Of Columbia

August 9, 2012 By Leave a Comment
Improving Real Estate Markets

  80 U.S. metropolitan markets are showing "measurable and sustained growth" this month, according to the National Association of Homebuilders' Improving Market Index. It's good news for the economy and good news for housing. The NAHB's Improving Market Index is meant to identify U.S. markets in expansion. It's a composite of the three distinct data sets which, as a group, present a more holistic view of a given city's growth : From the Bureau of Labor Statistics, the IMI … [Read more...]

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May 22

Home Affordability Reaches New High In Q1 2012

May 22, 2012 By Leave a Comment
Home Affordability Reaches New High

Falling mortgage rates and stagnant home prices are making a positive effect on home affordability nationwide. Never before in recorded history have so many homes been affordable to households earning a moderate annual income. Last week, the National Association of Home Builders reported the Home Opportunity Index at 77.5 -- its highest reading of all-time. The index indicates that more than 3 of every 4 homes sold last quarter were affordable to households earning the national median income … [Read more...]

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May 10

8-Fold Increase In “Improving Markets” Since September

May 10, 2012 By 1 Comment
Improving Market Index

The economic recovery continues nationwide, but the recovery's an uneven one. Some metropolitan areas are faring very well this year, posting measurable gains in both employment and housing. Other metropolitan areas, by contrast, are struggling. To help identify those markets in which growth is occurring, the National Association of Homebuilders created the Improving Market Index, a metric analyzing three separate, independently-collected data series "indicative of improving economic … [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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Mar 06

Home Affordability Reaches An All-Time High

March 6, 2012 By 1 Comment
Washington DC Home Affordability

Home affordability moved higher last quarter, boosted by the lowest mortgage rates in history, a rise in median income, and slow-to-recover home prices throughout District of Columbia and the country. According to the National Association of Home Builders, the quarterly Home Opportunity Index read 75.9 in 2011's fourth quarter. More than 3 in 4 homes sold between October-December 2011, in other words, were affordable to households earning the national median income of $64,200. Never in … [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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