Nationwide housing production edged up 0.8 percent to a seasonally adjusted annual rate of 917,000 units in February, according to newly released figures from HUD and the U.S. Census Bureau.
Builder confidence in the market for newly built, single-family homes paused for a third consecutive month in March, with a two-point reduction to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Price and proximity to work are key concerns for first-time home buyers, while trade-up buyers tend to be most focused on the design of the home and the neighborhood, according to an analysis of the 2011 American Housing Survey by NAHB.
Sales of newly built, single-family homes rose 15.6 percent to a seasonally adjusted annual rate of 437,000 units in January, according to newly released figures from HUD and the U.S. Census Bureau.
Nationwide housing starts declined 8.5 percent to a seasonally adjusted annual rate of 890,000 units in January; meanwhile, issuance of permits for new-home construction rose 1.8 percent to 925,000 units - the quickest pace since mid-2008.
Disciplined market comparables are key to predicting sales pace, setting prices, and developing market savvy tactics and strategies that can improve your net income
The NAHB Research Center announced it has changed its name to Home Innovation Research Labs to enhance the value its brand and certification mark provides clients in the increasingly competitive residential marketplace
The number of improving housing markets continued to expand for a sixth consecutive month to a total of 259 metropolitan areas on the National Association of Home Builders/First American Improving Markets Index (IMI) for February.
The national housing market is showing signs of recovery, and the improvement is evident in the performance of the nation’s largest master-planned communities, according to survey data from John Burns Real Estate Consulting.