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 / NAHB / September 19, 2013
The September NAHB/Wells Fargo Housing Market Index held steady at 58, the same level as the one-point downwardly revised August reading. The underlying components of the HMI were mixed. Future expectations declined to 65 from 68 in August and traffic rose one point to 47 from an upwardly revised 46.
Housing starts have not improved as fast as the index in the past year, but that same disconnect occurred in 1991 when home builders’ sentiment doubled in four months while single-family starts rose by one-third. Currently, the HMI is about 50% greater than it was last year, while single-familyRead More
John McManus / BIG BUILDER / September 17, 2013
This morning, a fresh reading comes through on home building’s closest approximation of changes in confidence among those who make a living doing it. Signal or noise? Clearly, housing’s data trends are forming quite the Hell’s Gate of tricky, swift and difficult-to-navigate currents and cross-currents. Here, we explore less about what you need to know–given that so much is either contradictory or uncertain–and more about a few things you may need to do.
Our simplest, most elegant, and best sense of what’s changing in the market is not the noise interestRead More
NAHB / August 8, 2013
August 8, 2013 – Builder confidence in the 55+ housing market for single-family homes showed strong continued improvement in the second quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released today. The index increased 24 points to a level of 53, which is the highest second-quarter number since the inception of the index in 2008 and the seventh consecutive quarter of year over year improvements.
“Builders and developers for the 55+ housing sector are feeling optimisticRead More
David Crowe / NAHB / July 25, 2013
The NAHB/Wells Fargo Housing Market Index is at its highest level in almost 8 years. The July level of 57 was up 6 points from June and 16 points from April. The index has been on a fairly steady rise since wandering in the teens through almost all of 2011. In percentage terms, the HMI has more than doubled between April 2012 and June 2013.
Single-family housing starts, on the other hand, have risen but not as substantially. In the same 14 month period, single-family starts are up 17% from April 2012 to 2013. During that period, starts were as high as 29% above their April 2012 level.
The HMI is designedRead More
David Crowe / NAHB / July 16, 2013
The NAHB/Wells Fargo Housing Opportunity Index rose 6 points to 57, the highest since November 2005 and up 16 points in three months, the largest 3 month positive move since the recovery of 1991. All three subcomponents rose to highs not seen since 2005 or early 2006. Expectations for the next 6 months rose 7 points to 67; current sales rose 5 points to 60 and traffic rose 5 points to 45.
Similarly, all four regions’ three-month moving average increased; Northeast up 4 points to 40, Midwest up 8 points to 54, South up 5 points to 50 and West up 3 points to 51. The broad improvement in all components and