nahb: NAHB: Builder Confidence Slips in June - 06/21/19 05:21 AM
Homebuilder confidence dropped two points in June according to the National Association of Home Builders Housing Market Index. June’s index reading was 64, which indicates strong sentiment among home builders for current housing market conditions.
NAHB component readings also dropped in June with builder confidence in current home sales one point lower at an index reading of 71. Home builder confidence in home sales conditions over the next six months dropped two points to 70 and builder confidence in buyer traffic was one point lower at 48. Buyer traffic readings seldom exceed the NAHB benchmark reading of 50. Index readings over 50 … (0 comments)

nahb: NAHB: May Home Builder Confidence Hits Highest Level in 7 Months - 05/16/19 10:56 AM
The National Association of Home Builders reported the highest builder confidence reading in seven months for May. May’s reading exceeded expectations for an index reading of 64 and rose three points to 67.
Component readings for the main NAHB reading were also higher. Builder confidence in current housing market conditions rose three points to 72; confidence in housing market conditions for the next six months rose one point to 72 and the reading for buyer traffic in single-family housing developments rose two points to 49.
Any reading over 50 indicates most builders are positive about housing market conditions, but the reading for buyer … (0 comments)

nahb: NAHB: Home Builder Confidence Rises in April - 04/18/19 12:05 PM
Home builder confidence increased in April to an index reading of 63, which was one point higher than for March and the highest reading in six months. Analysts said that April’s reading revealed more about housing market conditions in the past six months than it was an indicator of future market conditions.
November’s builder confidence reading was the lowest since housing markets tanked in 2008, Builder confidence recovered over the past few months despite headwinds including higher materials costs and shortages of labor and buildable lots.
Home Builder Confidence Holds Steady Despite Headwinds
NAHB Housing Market Index readings over 50 indicate that most home … (0 comments)

nahb: NAHB: Housing Market Index Flat in March - 03/20/19 02:28 PM
Builder sentiment held steady in March as headwinds in housing markets affected homebuilder confidence, but National Association of Home Builders Chairman Greg Ugalde said that builders were looking forward to a “solid spring home-buying season.” Builder sentiment mirrored February’s index reading of 62; analysts expected an uptick to 63.
Any Housing Market Index reading over 50 indicates that more builders than fewer have a positive outlook on housing market conditions. The average reading for 2018 was 67, which indicated that builders were less confident current market conditions for new homes than in 2018.
HMI Component Readings Mixed in March
Three sub-readings used to calculate … (0 comments)

nahb: NAHB: Home Builder Confidence Grows After Lowest Level in 3 Years - 01/17/19 11:41 AM
After two months of declining builder confidence, the National Association of Home Builders Housing Market Index gained two points in January with a reading of 58. Component readings of the HMI were also higher with builder confidence in current market conditions rose two points to an index reading of 63. Builder confidence in housing market conditions over the next six months rose three points to 64.
The index for buyer traffic in new housing developments rose one point to 44. While index readings above 50 indicate positive market conditions, the index reading for buyer traffic is typically lower than 50.
Lower Mortgage Rates … (0 comments)

nahb: NAHB Reports Lowest Builder Confidence Reading Since 2014 - 11/29/18 04:52 PM
Obstacles facing home builders have caught up with high builder confidence according to the National Association of Home Builders Housing Market Index for November. Builder confidence dropped eight points to an index reading of 60, which was the largest month-to-month drop in builder confidence since 2014. November’s decline in builder confidence was greater than the largest month-to-month decline during the housing crisis.
Housing Market Index readings over 50 are considered positive, but analysts said that long-standing headwinds caught up with home builders’ outlook on housing market conditions and sub-categories used to comprise the overall Housing Market Index reading.
Obstacles Impacted November Home Builder … (1 comments)

nahb: NAHB Housing Market Index Unchanged in September - 09/20/18 12:47 PM
Home builder confidence in housing market conditions stayed flat in September. The National Association of Home Builders Housing Market Index reported an index reading of 67, which matched expectations and NAHB’s housing market reading for August. Analysts cited recent tariffs on building materials as a significant cause of easing builder confidence.
While NAHB called September’s reading “solid” at 67, the reading was one full point lower than the average reading for 2017 and equaled the lowest builder confidence reading in 2018 to date. Readings over 50 in the Housing Market Index indicate that more builders than fewer are confident in housing market … (0 comments)

nahb: NAHB: Home Builder Confidence Highest in 12 Years - 03/16/17 11:36 AM
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.
Housing market index readings are based on three components. Builder confidence in current market conditions for new single family homes rose seven points to 78; builder confidence in market conditions for the next six months increased five points to an index reading of 78. Most surprising was the reading for buyer traffic in new housing developments, which eight points to 54 in March. Buyer traffic readings … (0 comments)

nahb: Builder Confidence Up Since Government Shutdown - 12/18/13 01:06 AM
Builder Confidence Up Since Government Shutdown
 
According to the National Association of Homebuilders/Wells Fargo Homebuilders Market Index for December, builder confidence recovered in with a reading of 58. This surpassed both expectations of 56 and last month’s reading of 54.
Analysts noted that builder confidence has steadied after the government shutdown. December’s reading was the highest in four months. Dave Crowe, NAHB chief economist, said that his organization was expecting a “gradual improvement in the housing recovery” in 2014.
Any reading above 50 indicates that more builders are confident about overall housing market conditions than not.
Builder Confidence – … (1 comments)

nahb: What’s Ahead For Mortgage Rates This Week – October 21, 2013 - 10/20/13 11:17 PM
What’s Ahead For Mortgage Rates This Week – October 21, 2013  
Many of the economic and housing reports typically scheduled were delayed by the federal government shutdown.
 
The National Association of Homebuilders Wells Fargo Housing Market Index for October was released Wednesday with a reading of 55, lower than the projected 58 and previous month’s revised reading of 57. The original reading for September was 58, which was the highest measure of builder confidence since 2005.
 
NAHB cited concerns over mortgage rates and the federal government shutdown and its consequences as reasons for homebuilder confidence slipping.
 
While … (0 comments)

nahb: Housing Market Index - Builders Continue To Have A Positive Outlook - 10/17/13 01:57 AM
Housing Market Index - Builders Continue To Have A Positive Outlook
 
The National Association of Homebuilders/Wells Fargo Housing Market Index dropped two points to 55 from September’s revised reading of 57. Builder concerns over labor costs and availability and economic uncertainty related to the federal government shutdown were noted as factors contributing to the lower reading for October. 
 
Key Points Noted In October‘s HMI included:
 
Builder confidence remains above 50, which indicates that more builders have a positive outlook on housing market conditions than those with negative sentiment.
The October HMI cites pent-up buyer demand in markets throughout … (1 comments)

nahb: Home Builder Future Sales Confidence Rises To New Highs - 05/15/13 11:11 PM
Home Builder Future Sales Confidence Rises To New Highs
 
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 … (0 comments)

nahb: What's Ahead For Mortgage Rates This Week - April 22, 2013 - 04/21/13 10:20 PM
What's Ahead For Mortgage Rates This Week - April 22, 2013
 
Mortgage rates fell for the third consecutive week.
According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week's 3.43 percent and 3.90 percent year-over-year.
The average rate for a 15-year fixed rate mortgage was 2.64 percent as compared to last week's 2.65 percent and 3.13 percent year-over-year.
Falling mortgage rates were attributed to reduced consumer spending.
Last week's economic news includes the NAHB Wells Fargo Housing Market Index (HMI), with a reading of … (0 comments)

nahb: Home Builders Hold Great Confidence For New Homes Over Next 6 Months - 04/15/13 10:58 PM
Home Builders Hold Great Confidence For New Homes Over Next 6 Months
 
The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index (HMI) report for April shows that builder confidence slipped by two points to a rating of 42 from the March reading of 44.
The Housing Market Index (HMI) measures home builder confidence in market conditions for newly built single family homes.
A reading of more than 50 indicates better than average confidence, while readings below 50 indicate that home builders have concerns about current market conditions.
NAHB Housing Market Index Results For April
Home builders expressed … (0 comments)

nahb: NAHB Housing Market Index Shows Builder Confidence Slip In March - 03/20/13 12:07 AM
NAHB Housing Market Index Shows Builder Confidence Slip In March

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 … (0 comments)

 
Joe Gonzalez, NMLS# 126036 (610) 739-6563 (CrossCountry Mortgage, LLC NMLS #3029) Rainmaker large

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King of Prussia, PA

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