Browsing: Homebuilder confidence

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index held steady at 62 in March, the same level as February. Home builders report the market is stabilizing following the slowdown at the end of 2018, and they anticipate a solid spring home buying season. “The skilled worker shortage, lack of buildable lots and zoning

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index rose four points to 62 in February. For the second consecutive month, home builders cited declining mortgage rates among the chief reasons for the increase. “Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 58 in January, up two points from December and rebounding from the lowest reading in three years. Home builders cited declining mortgage rates among the chief reasons for the increase. “The gradual decline in mortgage rates in recent weeks helped to sustain builder

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index fell to 56 in December, four points below November’s reading. This is the lowest reading since May 2015. “We are hearing from builders that consumer demand exists, but that customers are hesitating to make a purchase because of rising home costs,” said NAHB Chairman Randy

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 68 in October, one point above September’s reading. “Builders are motivated by solid housing demand, fueled by a growing economy and a generational low for unemployment,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “Builders are also relieved that

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index stood at 67 in September, unchanged from August’s reading. “Despite rising affordability concerns, builders continue to report firm demand for housing, especially as millennials and other newcomers enter the market,” said NAHB Chairman Randy Noel, a custom home builder from LaPlace, La. “The recent decline

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 68 in August, a four point increase from June’s reading. “Our members are encouraged by rising demand in the new-home market,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “This is due to ongoing job and economic growth,

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index slowed to 64 in July, a two point decrease from July’s downwardly revised reading of 66. “Our members are telling us they are growing increasingly concerned over rising material prices, particularly lumber,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas. “This

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index weakened slightly to 67 in June, a two point decrease from May’s downwardly revised reading of 69. “Builder confidence levels have remained consistently sound this year, reflecting the ongoing gradual recovery of the housing market,” said NAHB Chairman Granger MacDonald, a home builder and developer

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index grew to 70 in May, a two point increase from April’s reading of 68. “This report shows that builders’ optimism in the housing market is solidifying, even as they deal with higher building material costs and shortages of lots and labor,” said NAHB Chairman Granger