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 / January 20, 2015
Builders’ attitudes about the housing market remain nearly the same since September. The NAHB/Wells Fargo Housing Market Index starts the New Year at 57, down one point from an upwardly revised December of 58. Builders remain relatively optimistic about the current market as the component gauging current home sales remained at 62 from a one point upwardly revised value. Builders did reduce their expectations for the next 6 months to an index value of 60 down four points from a one point downwardly revised December reading. The traffic component also fell two points to 44 from a one point upwardlyRead More
NAHB / October 16, 2013
Builder confidence in the market for newly built, single-family homes fell two points in October from a downwardly revised reading in the previous month to a level of 55 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.
“Builder optimism remains above 50 and we are still seeing signs of pent-up demand in many markets across the country,” said NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. “This slight dip in builder sentiment is the result of continuing challenges in the marketplace with regard to the cost and availabilityRead More
Robert Denk / NAHB / September 19, 2013
Are home builders more confident than they should be? There has been some discussion suggesting that the relationship between the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) and single family housing starts is broken, or at least strained lately. Let’s take a look.
The HMI and starts track together well, no question. But they don’t move in lockstep, that’s clear throughout their history. So how much and when should they differ?
The gap between the HMI and starts appears widest at turning points and throughout the most recent boom/bust/recovery cycle.Read More
Paul Emrath / NHAB / March 13, 2013
In the fourth quarter of 2012, NAHB’s Multifamily Production Index (MPI) increased two points to 54, marking the fourth straight quarter the index has been over the key break-even point of 50. The MPI is an overall measure of builder and developer sentiment on current conditions in the apartment and condominium market.
The MPI is built from three components, capturing industry sentiment on production of low-rent, market-rate rental, and “for-sale” units (or condominiums). Each component lies on a scale of 0 to 100, where a number over 50 means more builders say conditions are improvingRead More
Residential construction fell in January but a jump in permits for future home building to a 4-1/2 year high offered hope the housing market recovery remains on track.
Another report on Wednesday showed wholesale prices rose for the first time in four months in January as rising food costs offset weak gasoline prices. However, sluggish economic growth should keep price pressures muted.
Housing starts dropped 8.5 percent last month to a 890,000-unit annual rate, pulled down by a sharp drop in the volatile multi-family unit category, the Commerce Department said.
But starts for single-familyRead More