News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
David Crowe / Eye on Housing Blog / March 16, 2015
The March NAHB/Wells Fargo Housing Market Index dropped two points to 53 from February, the third consecutive monthly decline in the index. While softening during the winter months, the index has remained above 50 since July 2014. Furthermore, of the three components to the index, the expectations for future sales remained steady at 59 (from the downwardly revised February of 59).
The HMI decline was primarily driven by a decline in builders’ judgment of current sales where the index fell three points from 61 to 58. While a reading of 58 is well above the tipping point of 50 where more buildersRead More
Eye on Housing Blog / NAHB / January 16, 2014
The January NAHB/Wells Fargo Housing Market Index dropped one point from a one-point downwardly revised December level to 56. This is the eighth consecutive month above 50, the point where more builders rate the market good rather than poor. The December index, originally reported at 58, matched the recent high in August before the mortgage rate spike and the federal government shutdown softened buyer and builder confidence. The January level demonstrates builders’ general positive attitude toward the current and future market but with some continued attention to the headwinds affectingRead More