Home Builder Confidence Jumps By Widest Margin Since 2002

Housing Analysis , ,
U.S. housing markets are gaining as demand for homes exceeds available supplies in many areas. The National Association of Home Builders/ Wells Fargo Housing Market Index (HMI) for June increased by eight points over May's reading to achieve a positive reading of 52. This last happened in August-September of 2002, when HMI monthly readings also jumped by eight points. Any reading over 50 indicates that more builders consider housing market conditions positive than negative. June's reading was the first time the HMI reading surpassed a reading of 50 since April 2006. Limited Inventory Drives Sales Of New Homes Rick Judson,…
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Home Builder Future Sales Confidence Rises To New Highs

Housing Analysis , ,
Home builders are gaining confidence in current and future market conditions for new homes, but continue to see below-average foot traffic in new homes. The reading for May's National Association of Home Builders (NAHB) /Wells Fargo Housing Market Index (HMI) increased by three points to a reading of 44 as compared to April's revised reading of 41. The HMI measures builder confidence in current sales conditions for newly built homes, buyer foot traffic in new homes and builder expectations for future sales conditions. Builder Confidence In Future New Home Sales Highest Since February 2007 The HMI reading for current sales…
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NAHB Housing Market Index Shows Builder Confidence Slip In March

Housing Analysis , ,
The National Association of Home Builders (NAHB) released its NAHB/Wells Fargo Housing Market Index for March on Monday. The HMI measures builder confidence in the market for newly constructed single family homes. A reading of 50 for the NAHB Housing Market Index (HMI) indicates that more builders are confident of housing market conditions for new single family homes than those who are not confident. Home builder confidence fell for the third consecutive month with a two-point drop to a reading of 44 in March. Several Factors Create New Home Bottleneck An NAHB leader noted that several situations are causing a…
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