The Real Deal Miami

Posts Tagged ‘nahb’

  • Confidence among U.S. home builders rose in May — a time of rising home prices despite increased costs of building materials — following several months of declines, CNBC reported.

    The National Association of Home Builders/Wells Fargo Housing Market Index posted a three-point gain to 44 from the 41 recorded in April. A number over 50 on the index shows that a majority of the 341 builders surveyed see market conditions as good, rather than poor. [more]

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  • U.S. housing starts climbed in December

    January 17, 2013 03:00PM

    Housing starts rose to a seasonally adjusted annual rate of 954,000 in December — the highest level of new-home development since June 2008 — according to new numbers released today by the U.S. Department of Commerce. This rate comes in at 12.1 percent above the November numbers, which The Real Deal reported last month slipped slightly from the October count. Year-over-year, housing starts in December posted a 28.8 percent gain. [more]

  • Barry Rutenberg of the NAHB and Carol Galante of the Federal Housing Administration

    The National Association of Home Builders has called for “policymakers to proceed cautiously” when considering a restructuring of the Federal Housing Administration, which for decades has played a key role in stabilizing the housing market. The FHA ended September with a $16.3 billion in losses.

    With rising mortgage delinquencies could exhaust the agency’s reserves, the FHA is expected to announce that it will rely on funding from taxpayers for the first time ever. The decision on taking a taxpayer bailout won’t come until 2013. [more]

  • The housing market still has a pulse, experts say. Purchases of new U.S. single-family homes slipped 0.3 percent month-over-month and 27.7 percent year-over-year to a seasonally adjusted rate of 373,000 in August, according to data released today by the U.S. Census Bureau and the Department of Housing and Urban Development. Despite the slight fall from July, when the revised rate came in at 374,000, the numbers remain close to the two-year high. [more]

  • The National Association of Home Builders’ National Market Index slipped for the first time in seven months, according to April numbers released today, indicating that builder confidence in new construction single-family homes nationwide has receded to January 2012 levels. In April, the housing market index fell 3 points to 25, from 28, after two months of gains. [more]

  • Based on last months’ new homes sales data, the housing recovery is still on shaky ground. According to the U.S. Commerce Department, sales of new single-family homes fell 1.6 percent between January and February to a seasonally adjusted annual rate of 313,000. That is 11.4 percent above February 2011’s figure, but the lowest recorded since October. [more]

  • New construction sales jump in South

    February 27, 2012 12:00PM

    A new home in Royal Palm Beach

    The South saw a 15 percent increase in sales of new construction homes, according to data from the U.S. Commerce Department. The region, which includes 17 states, saw a 9 percent increase last month, compared to a 3.5 percent rise nationally, the Palm Beach Post reported. “We haven’t yet seen a turn to a significantly different sales rate, but it does give builders confidence with construction,” said David Crowe, the National Association of Home Builders’ chief economist. [more]

  • In the latest twist resulting from federal ownership of mortgage insurers Fannie Mae and Freddie Mac, House Republicans and Senate Democrats agree that the companies should increase their fees to fund a payroll-tax cut extension. According to the Wall Street Journal, democrats are calling for a one-eighth of a percent fee increase while republicans propose a one-tenth of a percent increase.

    Fannie and Freddie currently charge about one-quarter of a percent fee to lenders when they buy loans, and lenders typically pass that cost along to borrowers. … [more]

  • Home builder confidence has improved significantly across the board this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index released today, reaching its greatest height since April 2010.

    The index, which surveys home builders’ confidence on a monthly basis and measures it on a 1 to 100 scale where any number over 50 indicates more builders view conditions as good than as poor, gained 4 points and hit 18. It had been hovering between 13 and 17 since last spring. The index measuring sales conditions also increased 4 points to reach 18, sales expectations rose 7 points to 24 and the index measuring prospective buyer traffic jumped 3 points to 14. — Adam Fusfeld[more]

  • Nationwide housing starts dropped by 5 percent in August to 571,000 units from a month previous, according to figures released today by the U.S. Commerce Department. The decline was primarily related to multi-family properties, the report notes, with single-family housing production declining by only 1.4 percent.

    “At this point, most builders are only looking to replenish their depleted inventories of new homes for sale, but otherwise holding off on new projects,” said Bob Nielsen, chairman of the National Association of Home Builders. — Katherine Clarke[more]