Builder Confidence Index For February Of 2021

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On February 17, 2021, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for newly built single family homes increased one point to 84 points in February of 2021 from 83 points in January of 2021.

The HMI component charting buyer traffic gained four points to 57 points, the HMI present sales conditions unchanged at 90 points, and the HMI sales expectations index down three points 80 points in February of 2021.

The three-month moving averages for regional HMI scores, Northeast higher two points to 78 points, Midwest lower one point to 81 points, South decreased two points to 84 points, the West dropped two points to 93 points in February of 2021.

NAHB Chief Economist Robert Dietz, stated “Some builders are at capacity and may not be able to expand production due to these headwinds.”

For complete more detailed information about NAHB Builder Confidence Index for February of 2021, please HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (8)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello John with low inventory on resale homes new homes sales are going up in our area.

 

Mar 01, 2021 08:25 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

It's good to see that builder confidence remains high in spite of the rising cost of construction materials.

Mar 01, 2021 03:04 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Will Hamm you are right, low inventory on resale homes causing new construction homes build in may areas. Thanks for the comment.

Mar 01, 2021 03:14 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Debe Maxwell, CRS I agree, it is good to see builder confidence remains high despite of rising cost of construction materials. Thanks for the comment.

Mar 01, 2021 03:16 PM
Winston Rowe & Associates CRE Investing Financing
Winston Rowe & Associates - Saint Clair Shores, MI
No Upfront Fee Commercial Loans

Builers and developer should careful. Resendental construction is currently bomming is many states across the country. Should consider the ensing metics.

1] Rising energy costs, in the last 6 weeks retail fuel priceses have increasesd by 30%+.

2] There will be new local taxes to make up for short falls in the last 12 months.

3] Steady increase in commercial lending rates.

4] Shortage of skilled labor.

5] Increase in insurance rate due to exploxive crime across the country.

6] The tanking of the commercial real estate sector.

Builders and developers should preserve capiatl and wait fot the 2022 crash.

Anyone remeber 2006 to 2008?

Mar 01, 2021 09:33 PM
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good  morning John Pusa 

Thank  for  Sharing  your  information  with  us  about  the  builder  confidence  index  for  February  2021.  

Mar 02, 2021 06:42 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Winston Rowe & Associates CRE Investing Financing you are right, builder should be careful of overbuilding and other issues. Thanks for the comment.

Mar 02, 2021 01:16 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Anthony Acosta - ALLATLANTACONDOS.COM you are welcome, and glad you find the report very valuable. Thanks for the comment.

Mar 02, 2021 01:16 PM

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