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Home starts rebound 6 percent in July as permits and builder confidence soar

We’ll say this for the current home construction recovery: it doesn’t stay down for long. Following a 10-percent drop in June, new home starts in July rose 6 percent to a seasonally-adjusted annual rate of 896,000, according to data from the Commerce Department Friday. It’s a good sign, as home starts inch closer to regaining the […]

August 16, 2013

Business

Materials shortage pushes homebuilders even farther off the pace of demand

In addition to the skilled labor shortage currently keeping the construction industry from meeting the increased housing demand it has seen in the past 6 to 10 months, a shortage of building supplies is now keeping these contractors even further off pace, reports Reuters. According to the report, regional building materials makers—the companies that supply […]

July 29, 2013

Business

Builder confidence reaches highest level since 2006

For the first time since April 2006, more U.S. home builders say they view the market  as “good” rather than “poor.” The sentiment comes through the June edition of the National Association of Home Builders/Wells Fargo Housing Market Index. The Index’s rating of builder confidence rose eight points in June to a 52. The NAHB says […]

June 20, 2013

Pickups

Builder Confidence Hits Milestone

Construction Industry Moving Forward   Builder confidence in the market for newly-built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) released today. Any reading over 50 indicates that more builders view sales […]

June 17, 2013

Business

Builder confidence up on strengthening housing market, but majority rate still rate it “fair” or “poor”

Though the reading is not at a point where more home builders view the current market for newly-built, single-family as “good” than “poor,” builder confidence improved three points to a 44 on the May edition of the National Association of Home Builders/Wells Fargo Housing Market Index.   The monthly survey asks home builders to rate current […]

May 15, 2013

Workforce

NAHB survey finds labor shortages in “all aspects” of home building

According to a survey conducted by the National Association of Home Builders, labor shortages are hurting the housing and economic recoveries here in the U.S. Since June 2012, residential construction firms are seeing a growing number of shortages in all positions in the industry including carpenters, excavators, framers, roofers, plumbers, bricklayers, HVAC, building maintenance managers and […]

March 25, 2013

Business

Builder confidence in housing market dips 1 point in February

After stalling completely in January, builder confidence in new single-family homes was was virtually unchanged in February with a one-point decline to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index’s tipping point is 50. Once higher than 50, that indicates more builders have a good feeling about the […]

February 21, 2013

Business

NAHB: Multifamily housing will remain strong in 2013

During a panel at the International Builders’ Show in Las Vegas, experts from the National Association of Home Builders said multifamily housing will continue to lead the housing market’s recovery in 2013. The NAHB cites the multifamily market’s recovery, noting that it is at about 70 percent of the way back to a sustainable level. […]

January 23, 2013

Business

Builder confidence in housing market stalls in January

After eight consecutive months of increase, rising to a six-year high in December, builder confidence for new single-family homes stalled at a level of 47 this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the improving conditions the housing market and an expected bright future for home sales […]

January 17, 2013

Business

Builder confidence index rises to highest level in more than 6 years

Builder confidence for newly built, single-family homes rose to a level of 47 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) in December. The two-point gain from November marks the eighth consecutive month builder confidence has risen and the highest level the index has seen since April 2006. “Builders across the […]

December 18, 2012

Business

Number of improving housing markets increases by 76 in December

The number of improving housing markets increased by 76 to a total of 201 metros in December, according to data released by the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI). The index also shows that the number of states represented on the list by at least one metro increased from 38 […]

December 10, 2012

Construction Equipment

Home builder confidence sees largest monthly increase in 10 years

Builder confidence rose six points to a rating of 35 on the NAHB's Housing Market Index for July, bringing the index to its highest overall point since March 2007.

July 18, 2012