Demand for Multifamily Housing will Continue to Rise in 2014 and Beyond
WASHINGTON, D.C. - February 4, 2014 - (RealEstateRama) -- Strong demand for apartments will increase over the next several years, said panelists during a press conference at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas. And while multifamily construction continues to be strong, NAHB does expect the speed to decrease as sustainable levels are reached in 2015 or 2016
Farm Bill Passage Helps Rural Housing Communities
WASHINGTON, D.C. - February 4, 2014 - (RealEstateRama) -- The Farm Bill approved by the Senate today and the House last week includes an important provision championed by the National Association of Home Builders (NAHB) that will enable millions of Americans to maintain access to critical rural housing programs.
Residential Remodeling Market Continues Gradual Climb, Bath and Kitchen Most Popular Upgrades
WASHINGTON, D.C. - February 4, 2014 - (RealEstateRama) -- Residential remodeling will continue a gradual climb back up in 2014 from a dramatic fall during the economic downturn, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers at the International Builders’ Show (IBS) in Las Vegas. Remodelers from around the country agreed with the forecast, citing increased demand from home owners for upgrades to existing bathrooms and kitchens
Strong Single-Family Growth will Fuel Housing in 2014
WASHINGTON, D.C. - February 4, 2014 - (RealEstateRama) -- Led by a resurgence in single-family production, housing will continue its climb toward higher ground in 2014, but builders are still confronting several challenges that could hinder the pace of the ongoing recovery, according to economists speaking at the National Association of Home Builders (NAHB) International Builders' Show (IBS) in Las Vegas today.
Builder Confidence in the 55+ Housing Market Ends Fourth Quarter on a Record High
WASHINGTON, D.C. - February 4, 2014 - (RealEstateRama) -- Builder confidence in the 55+ housing market for the fourth quarter of 2013 is up sharply, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released today. All segments of the market—single-family homes, condominiums and multifamily rental—registered strong increases compared to the same quarter a year ago. The single-family index increased 20 points to a level of 48, which is the highest fourth-quarter reading since the inception of the index in 2008 and the ninth consecutive quarter of year over year improvements
New-Home Sales Down 7 Percent in December; Up 16.4 Percent for the Year
WASHINGTON, D.C. - January 28, 2014 - (RealEstateRama) -- Sales of newly built, single-family homes fell 7 percent to a seasonally adjusted annual rate of 414,000 units in December, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the monthly drop, home sales in 2013 were up 16.4 percent over the previous year.
NAHB to Honor Educators of the Year at 2014 International Builders’ Show
WASHINGTON, D.C. - January 28, 2014 - (RealEstateRama) -- The National Association of Home Builders will present its annual Educator of the Year awards to individuals who have excelled in teaching NAHB education courses to builders, remodelers and other industry professionals.
Remodeling Market Index Steady at Historical High
WASHINGTON, D.C. - January 27, 2014 - (RealEstateRama) -- According to the National Association of Home Builders (NAHB), the Remodeling Market Index (RMI) held steady at 57 in the fourth quarter of 2013. This is the same level as the third quarter of 2013 and the highest reading since the first quarter of 2004
Nationwide Housing Production Edges Just Under 1 Million Units in December
WASHINGTON, D.C. - January 17, 2013 - (RealEstateRama) -- Following an unusual surge in housing starts in November, nationwide housing production fell 9.8 percent to a seasonally adjusted annual rate of 999,000 units in December, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau
Builder Confidence Slips One Notch in January
WASHINGTON, D.C. - January 16, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes fell one point to 56 in January from a revised December reading of 57 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today.
Housing Markets Continue to Show Gradual Improvement
WASHINGTON, D.C. - January 7, 2013 - (RealEstateRama) -- Markets in 56 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. This represents a net gain of two from the previous month. The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the nationwide average is running at 86 percent of normal economic and housing activity
New-Home Sales Post Solid Numbers in November
WASHINGTON, D.C. - December 25, 2013 - (RealEstateRama) -- Sales of newly built, single-family homes declined 2.1 percent to a seasonally adjusted annual rate of 464,000 units in November from an upwardly revised strong pace of 474,000 units in the previous month, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Except for October 2013, this is the strongest sales pace since July of 2008
NAHB Announces Best of 50+ Housing Awards Finalists
WASHINGTON, D.C. - December 24, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) has announced the finalists for NAHB’s 2014 Best of 50+ Housing Awards, the premier design and marketing competition for the 50+ housing industry. A total of 63 entries were chosen as finalists and are eligible for either a Gold or Silver Award from NAHB’s 50+ Housing Council
New-Home Production Tops 1 Million in November
WASHINGTON, D.C. - December 18, 2013 - (RealEstateRama) -- Led by a solid increase in both single-family and multifamily starts, nationwide housing production rose 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau
Builder Confidence Rises Four Points in December
WASHINGTON, D.C. - December 17, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December, released today. This gain reflected improvement in all three index components – current sales conditions, sales expectations and traffic of prospective buyers
Statement from NAHB Rick Judson on the JCHS Biennial Rental Housing Report
WASHINGTON, D.C. - December 10, 2013 - (RealEstateRama) -- Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Charlotte, N.C., issued the following statement on a new report on rental housing released today from the Harvard Joint Center for Housing Studies:
Housing Markets Continue Slow Climb Back to Normal
WASHINGTON, D.C. - December 5, 2013 - (RealEstateRama) -- Markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the nationwide market is running at 86 percent of normal economic and housing activity.
New-Home Sales Up Sharply in October
WASHINGTON, D.C. - December 3, 2013 - (RealEstateRama) -- Sales of newly built, single-family homes rose 25.4 percent to a seasonally adjusted annual rate of 444,000 units in October, according to data released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Strong Multifamily Sector Pushes Building Permits Above 1 Million in October
WASHINGTON, D.C. - November 27, 2013 - (RealEstateRama) -- Issuance of new building permits rose 6.2 percent to a seasonally adjusted annual rate of 1.034 million units in October due primarily to a double-digit increase on the multifamily side, the U.S. Census Bureau reported today.
Home Builders Seek Legislative Fix for Soaring Flood Insurance Premium Rates
WASHINGTON, D.C. - November 20, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) called on Congress today to take steps to resolve unintended consequences of the Biggert-Waters Flood Insurance Act that are resulting in huge premium spikes for many home owners and impacting the sale, construction and remodeling of homes across the nation.