NAHB: Home Builder Confidence Holds Steady in May

Housing Market ,
The National Association of Home Builders reported that home builder confidence in the U.S. housing market conditions held steady for the fourth consecutive month in May. Builder confidence stayed at a reading of 58, which was the number expected by analysts and was also the reading for April. Analysts said that the consistency in readings signified expansion in housing markets. Any reading over 50 indicates that more builders than not are confident about market conditions. Components of the NAHB Housing Market Index include readings on builder confidence in current market conditions which held steady at 63 and builder confidence in…
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New Home Construction Seen As A Possible Solution To Pent Up Demand For Homes

Housing Analysis , ,
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. David Crowe, National Association of Home Builder's (NAHB) chief economist, said that builders are watching slowing economic trends, but also cited low mortgage rates, improving labor markets and pent-up demand for homes as factors for strong U.S. housing markets. The NAHB notes that any reading over 50 indicates that more builders were confident than those…
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NAHB Reports: Home Builder Confidence Drops in October

Market Outlook , ,
The National Association of Home Builders (NAHB) reported that home builder sentiment lost its momentum in October and posted a seasonally adjusted reading of 54 in its Home Builder Market Index. This reading was five points lower than expected and also five points lower than September's reading. October's reading was the first time in five months that builder confidence has fallen. To put October's reading in perspective, things aren't all that bad. A reading over 50 indicates more builders are confident about housing market conditions than not. Also, October's lower reading of 54 after the HMI reading reached a nine-year…
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