Skip to main content

BUILDER CONFIDENCE STEADY IN MARCH Sales expectations, view of sales conditions up, traffic expectations down.

Great read:

https://www.builderonline.com/money/economics/builder-confidence-steady-in-march_o

Builder confidence held steady at 62 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released Monday.
“Builders report the market is stabilizing following the slowdown at the end of 2018 and they anticipate a solid spring home buying season,” said NAHB Chairman Greg Ugalde, a home builder and developer from Torrington, Conn.
At IBS 2018, attorney Richard Guerard shared ways small builders can get creative in finding and purchasing land.
Chad McDermottAdobe Stock
“In a healthy sign for the housing market, more builders are saying that lower price points are selling well, and this was reflected in the government’s new home sales report released last week,” said NAHB Chief Economist Robert Dietz. “Increased inventory of affordably priced homes – in markets where government policies support such construction - will enable more entry-level buyers to enter the market.”
However, affordability still remains a key concern for builders. The skilled worker shortage, lack of buildable lots and stiff zoning restrictions in many major metro markets are among the challenges builders face as they strive to construct homes that can sell at affordable price points.
The HMI component charting sales expectations in the next six months rose three points to 71, the index gauging current sales conditions increased two points to 68, and the component measuring traffic of prospective buyers fell four points to 44. Looking at the three-month moving averages for regional HMI scores, the Northeast posted a five-point gain to 48, the South was up three points to 66 and West increased two points to 69. The Midwest posted a one-point decline to 51.
Labels:

Comments

Post a Comment

Popular posts from this blog

Pending home sales roar back, suggesting a spring uptick for housing Published: Feb 27, 2019 10:42 a.m. ET

Great read, good news: click on link for more: https://www.marketwatch.com/story/pending-home-sales-roar-back-suggesting-a-spring-uptick-for-housing-2019-02-27    ‘The reopening of the government (was) very beneficial to the market,’ the Realtors say By ANDREA RIQUIER   Bloomberg News/Landov A sale pending sign stands in front of a home in Massachusetts. The numbers:  A measure of pending home-sales jumped 4.6% in January, the  National Association of Realtors said Wednesday . Sales were 2.3% lower than a year ago, making January the 13th straight month of year-over-year declines. What happened:  NAR’s pending home-sales index, which tracks home contract signings, registered at a reading of 103.2 in January after it touched a nearly five-year low in December. Most economists expected the January bounce. And the trade group itself said the reopening from the partial government shutdown brought an expected boost to early-year ...
Post a Comment
Read more

Odessa National Golf Club and Residential Community- Gary Bolis Jr of Bolis Properties wins lawsuit for Odessa National moving the project forward- one of the largest ever developed in the state of Delaware.

Developed by Bolis Properties https://www.newspapers.com/newspage/155370402 Gary Bolis Jr www.bolisproperties.com http://www.odessanationalgolfclub.com
Read more

June 16, 2017 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics

https://www.census.gov/construction/nrc/pdf/newresconst.pdf June 16, 2017 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for May 2017: NEW RESIDENTIAL CONSTRUCTION MAY 2017 Building Permits: 1,168,000 Housing Starts: 1,092,000 Housing Completions: 1,164,000 Next Release: July 19, 2017 Seasonally Adjusted Annual Rate Source:  U.S. Census Bureau, HUD, June 16, 2017 Building Permits Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,168,000. This is 4.9 percent (±0.9 percent) below the revised April rate of 1,228,000 and is 0.8 percent (±1.1 percent)* below the May 2016 rate of 1,178,000. Single-family authorizations in May were at a rate of 779,000; this is 1.9 percent (±1.0 percent) below the revised April figure of 794,000. Authorizations of units in buildings with five units or more were at a rate o...
1 comment
Read more