Developers’ Sentiment About Multifamily Market Off Recent Peak, but Remains Positive
WASHINGTON, D.C. - November 19, 2013 - (RealEstateRama) -- The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), reached 54 in the third quarter, seven points lower than a spike in the second quarter but the seventh consecutive reading above 50.
Builder Confidence Holds Steady in November
WASHINGTON, D.C. - November 18, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes was unchanged in November from a downwardly revised level of 54 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This means that for the sixth consecutive month, more builders have viewed market conditions as good than poor
Housing Affordability Continues to Slide in Third Quarter
WASHINGTON, D.C. - November 14, 2013 - (RealEstateRama) -- Strengthening house prices and increased interest rates in metros across the country contributed to lower housing affordability in the third quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today.
Federal Backstop Essential Element of Housing Finance Reform, NAHB Tells Congress
WASHINGTON, D.C. - November 7, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) told Congress today that an effective housing finance reform plan must include a federal backstop to ensure that 30-year, fixed-rate mortgages and reliable mortgage financing for multifamily housing remain readily available and affordable.
Builder Confidence in the 55+ Housing Market Continues to Improve in Third Quarter
WASHINGTON, D.C. - November 7, 2013 - (RealEstateRama) -- Builder confidence in the 55+ housing market showed continued improvement in the third quarter of 2013 compared to the same period a year ago, 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. The single-family index increased 14 points to a level of 50, which is the highest third-quarter number since the inception of the index in 2008 and the eighth consecutive quarter of year over year improvements
Statement from NAHB Chairman Rick Judson on Introduction of Flood Insurance Legislation
WASHINGTON, D.C. - October 30, 2013 - (RealEstateRama) -- Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Charlotte, N.C., today issued the following statement on the introduction of the Homeowner Flood Insurance Affordability Act in the House and the Senate:
NAHB/Builders Mutual Insurance Company SAFE Awards Now Accepting Entries
WASHINGTON, D.C. - October 30, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) is now accepting applications for the 2013 NAHB/Builders Mutual Insurance Company Safety Award For Excellence (SAFE). The awards program recognizes home builders and contractors who have developed and implemented high quality workplace safety programs, and also honors government officials and NAHB-affiliated associations who work to advance safety in the home building industry
NAHB Honors Building Systems Industry Leaders at Annual Awards Presentation
WASHINGTON, D.C. - October 23, 2013 - (RealEstateRama) -- The National Building Systems Councils (BSC) of the National Association of Home Builders (NAHB) bestowed 23 achievement awards to leading manufacturers and builders in the systems-built industry with the 2014 Jerry Rouleau Awards for Excellence in Marketing and Home Design.
Tim Swafford of Chattanooga, Tenn., Named NAHB Remodeler of the Year
WASHINGTON, D.C. - October 22, 2013 - (RealEstateRama) -- NAHB Remodelers, the remodeling arm of the National Association of Home Builders, named Tim Swafford, CGR, CAPS, CGP, of Swafford Construction in Chattanooga, Tenn., the 2013 Remodeler of the Year in recognition of his professional remodeling achievements. The announcement was made at the NAHB Remodelers’ gala on Oct. 17 during the Remodeling Show in Chicago.
NAHB Remodelers Bestows Homes for Life Awards for Excellence in Aging-in-Place Remodeling
WASHINGTON, D.C. - October 22, 2013 - (RealEstateRama) -- NAHB Remodelers, the remodeling arm of the National Association of Home Builders, announced both winners of its annual Homes for Life awards, recognizing excellent remodeling work for aging-in-place and universal design. The awards were presented on Oct. 17 at the NAHB Remodelers’ annual gala during the 2013 Remodeling Show in Chicago
Builder Confidence Down in October; NAHB Estimates Sept. Housing Starts will Approach 900,000 Units
WASHINGTON, D.C. - October 17, 2013 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes fell two points in October from a downwardly revised reading in the previous month to a level of 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today
New Book Simplifies the Home Maintenance Process
WASHINGTON, D.C. - October 10, 2013 - (RealEstateRama) -- Spending a few minutes each week caring for your home is essential to ensuring its livability and value now, and getting the best sales price later. Home Maintenance Made Easy: What to Do, When to Do It, When to Call for Help published by NAHB MyHome Press, an imprint of National Association of Home Builders (NAHB), explains the small, but significant steps home owners can and should take to keep their home in good working order
New Index Shows Housing Markets Back to Normal in 52 Metros
WASHINGTON, D.C. - October 7, 2013 - (RealEstateRama) -- Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the newly minted National Association of Home Builders/First American Leading Markets Index (LMI), released today. The index’s nationwide score of .85 indicates that, based on current permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity.
Housing Recovery Picks Up Steam Despite Persistent Headwinds
WASHINGTON, D.C. - October 3, 2013 - (RealEstateRama) -- With home prices and household formations rising and household balance sheets healing, the ongoing housing recovery is expected to gain momentum next year even as several challenges remain, according to economists who participated in yesterday’s National Association of Home Builders (NAHB) Fall 2013 Construction Forecast Webinar.
NAHB to Introduce New Economic Index Measuring Housing and Economic Progress in Local Markets
WASHINGTON, D.C. - October 1, 2013 - (RealEstateRama) -- Starting on October 7, the National Association of Home Builders (NAHB) will launch a new economic index called the NAHB/First American Leading Markets Index (LMI). This new index will replace the Improving Markets Index (IMI) and will shift the focus from identifying markets that have recently begun to recover to those that are now approaching and exceeding their former normal levels of economic progress.
Media Advisory: NAHB to Host its Fall Construction Forecast Webinar Next Week
WASHINGTON, D.C. - September 26, 2013 - (RealEstateRama) -- The National Association of Home Builders (NAHB) will host its Semi-Annual Construction Forecast Conference on Wednesday, Oct. 2, in a two-hour webinar from 2:00-4:00 p.m. ET featuring three renowned industry experts
New-Home Sales Rise 7.9 Percent in August
WASHINGTON, D.C. - September 26, 2013 - (RealEstateRama) -- Sales of newly built, single-family homes rose 7.9 percent to a seasonally adjusted annual rate of 421,000 units in August, according to newly released figures from HUD and U.S. Census Bureau. The gain partly offsets a dip in sales activity that occurred in July as consumers reacted to higher interest rates.
Single-Family Production Pushes Housing Starts Up in August
WASHINGTON, D.C. - September 18, 2013 - (RealEstateRama) -- Led by a solid increase in single-family starts, nationwide housing production rose 0.9 percent to a seasonally adjusted annual rate of 891,000 units in August, according to figures released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Meanwhile, construction of multifamily buildings slowed following a rebound in the previous month
Builder Confidence Unchanged in September
WASHINGTON, D.C. - September 18, 2013 - (RealEstateRama) -- Following four consecutive months of improvement, builder confidence in the market for newly built, single-family homes held unchanged in September with a reading of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today.
Senators Cite Importance of Maintaining Federal Backstop in Housing Finance Overhaul
WASHINGTON, D.C. - September 18, 2013 - (RealEstateRama) -- Sens. Jon Tester (D-Mont.), Bob Corker (R-Tenn.) and Johnny Isakson (R-Ga.) today stressed that ongoing efforts to reform the U.S. tax code and overhaul the housing finance system should take into account the important role that housing plays in the economy.