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Single-family permits remain flat at seasonally adjusted pace of 451,000.
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HMI remains at a reading of 17.
Demographics drive long-term housing demand.
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You've seen the top 20; now take a look at the remaining rankings in the new Builder Market Health Index Fall update of the top 100 home building markets.
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Residential construction grows 3.9%; pending home sales move up 6.1%.
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Only three cities—Charlotte, Cleveland, and Las Vegas—showed drops in home values.
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Index gives back July gains with a 0.3% drop at summer’s end.
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Single-family starts rise 3.9% on a monthly basis.
The new and improved BUILDER Market Health Index, compiled by Hanley Wood Market Intelligence, now accounts for a market's median income growth.
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Single-family construction moves upward 4.5% while pending home-sale index also rises 6.4%.
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Eighteen of 20 metros showed gains; only Seattle and Las Vegas posted a monthly decline.
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Builders will soon need to replace inventory, even if demand for homes remains relatively stable.
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First-time buyers, who represent 30% of sales, continue to take advantage of tax credit.
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FHFA numbers show prices rose 0.3% on a monthly basis.
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Single-family sector dips in permits, starts.
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But expiring federal home buyer tax credit, low appraisals, and the builder credit market threaten 'fragile' improvements in housing market.
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An NAHB-Met Life study uncovers what's important to the 55-plus housing market.
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At least 300,000 taxpayers through August have bought homes using the credit, according to tax return data.
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NAR economist: ‘The recovery is broad-based across many parts of the country.’
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Overall construction spending remained basically flat last month.