Markets in 59 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index (LMI).
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New-Home Sales Hit Highest Level Since 2008
Sales of newly built, single-family homes increased 18 percent in August to a seasonally adjusted annual rate of 504,000 units in August, the highest level in six years, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreHouse Demands EPA Stop Waters Rule
H.R.5078, the Waters of the United States Regulatory Overreach Protection Act, passed Sept. 9 by a vote of 262 yeas to 152 nays, with more than 30 Democrats supporting the bill. The bill would force the U.S. Environmental Protection Agency and Army Corps of Engineers to withdraw the proposed rule expanding jurisdiction over Waters of the United States, and require…
Read MoreHousing Markets Still Heating Up
Markets in 56 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI). This represents a year-over-year net gain of seven markets. The index’s nationwide score moved up slightly to .89, meaning that based on current permit,…
Read MoreBuilder Confidence Rises Four Points in June
Builder confidence in the market for newly built, single-family homes rose four points in June to reach a level of 49 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It remains one point shy of the threshold for what is considered good building conditions.
Read MoreMultifamily Surge Propels Housing Starts
Soaring production of multifamily apartments pushed nationwide housing starts above the million-unit mark in April, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreHealthy Housing Industry Spurs Job Growth
The health of housing is key for the overall state of the U.S. economy and housing stands poised to serve as an engine of job growth with the right policies in place, the National Association of Home Builders (NAHB) told Congress.
Read MoreHousing, Economy to Continue Upward Path
A growing economy, pent-up demand, competitive mortgage rates and affordable home prices will keep housing on an upward trajectory through 2015. However, several obstacles including tight consumer credit, shortages of lots and labor and rising materials prices are hindering a more robust recovery, according to economists who participated in the National Association of Home Builders (NAHB) 2014 Spring Construction Forecast…
Read MoreHousing Starts Creep Up In March
Led by a 6 percent rise in single-family starts, nationwide housing production rose 2.8 percent above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to newly released figures from HUD and the U.S. Census Bureau.
Read MoreNAHB Index Shows Recovery Spreading
Of the approximately 350 metro markets nationwide, 59 returned to or exceeded their last normal levels of economic and housing activity, according to the recently released National Association of Home Builders/First American Leading Markets Index (LMI). This represents a net gain of 11 metros year over year.
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