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Housing Market: Home Builder Confidence Highest in 12 Years

Posted on March 16, 2017 by admin

According to the National Association of Home Builders Housing Market Index for March, builder confidence in market conditions reached its highest level in 12 years and was six points higher than February’s index reading of 65. Continue reading →

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New Home Construction Seen As A Possible Solution To Pent Up Demand For Homes

Posted on February 17, 2016 by admin

Builder confidence in markets for new homes fell three points in February to a reading of 58. January’s reading was revised upward to 61. Builders have repeatedly expressed concerns shortages of labor and lots for development, but continue to express confidence in future sales conditions. Continue reading →

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What’s Ahead For Mortgage Rates This Week – December 21, 2015

Posted on December 21, 2015 by admin

Last week’s scheduled economic reports included the NAHB Housing Market Index, Housing Starts, FOMC statement and Fed Chair Janet Yellen’s press conference. In addition to weekly reports on jobless claims and mortgage rates, inflation reports were also released. Continue reading →

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What’s Ahead For Mortgage Rates This Week – October 26, 2015

Posted on October 26, 2015 by admin

Last week’s economic news included the National Association of Home Builders Index, Housing Starts and FHFA’s report on August home sales. The National Association of Realtors released its monthly report on sales of previously owned homes. Continue reading →

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What’s Ahead For Mortgage Rates This Week – September 21, 2015

Posted on September 21, 2015 by admin

Last week’s economic releases included several reports related to housing. The Wells Fargo/NAHB Housing Market Index achieved its highest reading in nearly 10 years. Housing Starts dipped in August and Building Permits issued in August exceeded July expectations. The week’s big news was actually no news. The Fed’s Federal Open Market Committee decided not to raise interest rates. Fed Chair Janet Yellen followed up on the FOMC statement with a press conference and said that the Fed is not yet ready to raise rates, but that a majority of FOMC members are prepared to raise rates before year-end. Continue reading →

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FOMC: Builder Confidence Highest Rate in 9 Years – Fed Doesn’t Raise Rates

Posted on September 18, 2015 by admin

The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index reported that home builder confidence rose by one point to a reading of 62 for September. This was the highest reading since November 2005, when the NAHB reported a reading of 68 for home builder confidence. Continue reading →

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What’s Ahead For Mortgage Rates This Week – July 20, 2015

Posted on July 20, 2015 by admin

Last week’s economic news included an encouraging report from the National Association of Home Builders, whose housing market index held steady with a reading of 60 in July. This was the 13th consecutive month for readings over 50, which indicate that more builders are confident about housing markets than those who are not. July’s reading was noteworthy as it was the highest since November 2005 prior to the recession. Continue reading →

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NAHB: Home Builder Confidence Holds Steady

Posted on July 17, 2015 by admin

Home builder confidence remained steady at the highest reading in almost ten years according to the National Association of Home Builders (NAHB) Wells Fargo Housing Market Index for July. Continue reading →

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What’s Ahead For Mortgage Rates This Week – June 22, 2015

Posted on June 22, 2015 by admin

Last week’s economic news included National Association of Home Builders / Wells Fargo (NAHB) Housing Market Index and Commerce Department reports on Housing Starts and Building Permits, the post-meeting statement of the Fed’s Federal Open Market Committee (FOMC), and Fed Chair Janet Yellen’s scheduled press conference. Continue reading →

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Home Builder Confidence Rises in April

Posted on April 16, 2015 by admin

The National Association of Home Builders (NAHB) reported that April’s Housing Market Index rose from a reading of 52 in March to 56 for April. This is in line with warmer weather and the peak home buying season in spring and summer. Readings over 50 indicate that more builders view market conditions as positive as those who do not. NAHB members cited lower mortgage rates and better labor market conditions as reasons they expect more home buyers to enter the market. Continue reading →

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