Home / Daily Dose / The Week Ahead: Great Expectations for Homebuilding
Print This Post Print This Post

The Week Ahead: Great Expectations for Homebuilding

home buildersOn Monday, the latest installment of the NAHB Wells Fargo Housing Market Index (HMI) will be released, providing insights into "the pulse of the single-family housing market." The Index is based on a survey that asks home builders "to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes."

“In the aftermath of the fall slowdown, many builders are reporting positive expectations for the spring selling season,” said Randy Noel, Chairman at NAHB in the previous month's report. The report revealed that February marked the second consecutive month in which all the HMI indices posted gains. It also noted that current sales conditions rose by three points to 67. The component gauging expectations in the next six months increased five points to 68 and the metric charting buyer traffic moved up four points to 48.

Here's what else is happening in The Week Ahead:

  • NAHB/Wells Fargo Housing Market Index, Monday 10 a.m. EDT
  • MReport Webinar: “Diversity: Why Is it Good for Business?” Tuesday 1:00 p.m. EDT
  • MBA Mortgage Applications, Wednesday, 7 a.m. EDT
  • Fed Chair Press Conference, Wednesday, 2:30 p.m. EDT
  • Fed Balance Sheet, Thursday, 4:30 p.m. EDT
  • NAR Existing Home Sales, Friday, 10:00 a.m. EDT



About Author: Rachel Williams

Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at Rachel.Williams@DNews.com.

Check Also

Mr. Cooper Sells Reverse Servicing Portfolio

Previously operating under the Champion Mortgage brand, Mr. Cooper Group has completed the sale of its reverse portfolio to Mortgage Assets Management, LLC and its affiliates.

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.