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Tag Archives: National Association of Home Builders

September New Home Sales at 30-Month High

New home sales jumped 5.7 percent in September to a seasonally adjusted average annualized rate of 389,000, the highest rate since April 2010, the Census Bureau and HUD reported Wednesday. The month-to-month sales improvement was the strongest since February, when sales improved 27,000, or 8.0 percent. While sales numbers improved, both the median and average sales price of a new home dropped month-to-month. Sales were still up 27.1 percent from September 2011, the strongest year-over-year gain since February.

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Existing Home Sales Slip in September, Prices Up Year-over-Year

The housing sector hit a speed bump in September as existing home sales dipped, according to a report from the National Association of Realtors. Existing home sales fell 1.7 percent to a seasonally adjusted annual rate of 4.75 million, the first decline in three months. The median price of an existing home was down 0.5 percent from August to $183,900, but the median price was up 11.3 percent from September 2011, the strongest year-year dollar increase since January 2006.

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Stronger Traffic Boosts Builder Confidence

After jumping 11 points in three months, builder confidence inched up one point in October to 41, remaining at its highest level since June 2006, the National Association of Home Builders (NAHB) reported Tuesday, matching economist expectations. The October boost was due entirely to a surge in homebuyer traffic in October, as other elements of the index were flat from September.

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Kansas City Rally Cry: Housing Downturn Put 3.2M out of Work

More than 800 homeowners from across Missouri, Kansas, and Nebraska came together with local business leaders, real estate professionals, politicians, and civil rights leaders this week in support of homeownership. Speakers at the rally put the importance of homeownership into perspective when they told the audience that during the worst of this recession, roughly 3.2 million Americans were out of work as a result of the housing downturn.

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Single-Family Starts at 2-Year High in August, Permits Slip

Single family starts increased 28,000 in August to 535,000, the highest level since April 2010, the Census Bureau and Department of Housing and Urban Development reported jointly Wednesday. Despite the increase total, housing starts improved just 17,000 as multi-family starts fell.

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July New Home Sales Improve, Prices Drop

New home sales regained all the ground they lost in June, jumping by 13,000 to an annualized rate of 372,000 in July, the Census Bureau and HUD reported Thursday. Economists surveyed by Bloomberg expected the report to show a sales pace of 362,000.

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July Housing Starts Slip Led by Single-Family Fall

Despite continuing improvement in builder confidence, housing starts slipped in July to 746,000, with single-family starts accounting for decline, the Census Bureau and Department of Housing and Urban Development reported jointly Thursday. On the other hand, housing permits improved to 812,000, the highest level in almost four years. Economists surveyed by Bloomberg expected 750,000 starts and 766,000 permits in July.

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Builder Confidence Improves to Highest Reading Since 2007

Builder confidence improved two points in August to 37, its highest level since February 2007, the National Association of Home Builders (NAHB) reported Wednesday. Economists had expected the index to remain flat at 35. The improvement in the index in August marked the fourth straight month-month gain. The overall index has gained 22 points in the last year, the largest one-year gain since February 1992. The August reading also marked the third straight month the index was more than double what it had been one year earlier.

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NAHB: One in Four Markets Improving, 80 Overall

Eighty metropolitan statistical areas made it onto the National Association of Home Builders' Improving Markets Index for August. This is the same number of markets that made it onto the index in June but four short of the July number. Nine markets dropped off the list this month, unable to maintain their improving status after breaking at least a six-month run of improvement in employment growth, house appreciation, and single-family housing permit growth.

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