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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 29

New Home Sales Reach Multi-Year High

August 29, 2012 By Leave a Comment
New Home Sales Reach Multi-Year High

The market for newly-built homes remains strong. As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis. A "new home" is a home that can be considered new construction. July's New Home Sales report highlights what today's buyers of new construction and the nation's home builders have witnessed for themselves already -- that the market for newly-built homes is improving in DC and nationwide. The number of new homes … [Read more...]

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Aug 21

Single-Family Housing Starts Remain Strong

August 21, 2012 By Leave a Comment
July 2012, Housing Starts

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...]

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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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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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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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