In this week's economic review, the 30 - year average mortgage rate continued its upward climb,
home builders remain confident in the market, and consumer sentiment was high despite falling retail sales.
While the March Housing Market Index fell 1 point in the month,
home builders remain extremely optimistic overall with a score of 70.
Among Class 1 sector funds, biotech and
home builders remain highly ranked along with more defensive areas like utilities and consumer staples.
As home buying season moves into full swing,
home builders remain positive about home sales in the near future.
Not exact matches
Portuguese 10 yr yield falls 100 bps and 2 yr down 188 bps on the week 2) June Euro region mfr» g and services composite index unchanged at 46, well below 50 and points to clear slowing but was a touch better than expected 3) Lack of a negative rather than a positive but Syriza loses in Greece 4) NAHB
home builder survey hangs at 5 yr high at 29 but
remains still well below breakeven of 50 5 From construction standpoint, housing permits rise to most since Sept» 08.
While the CMHC may be in headed towards change, the Canadian
Home Builders Association
remained optimistic following yesterday's budget announcement.
Many Wall Street analysts covering the
home -
builder sector
remain skeptical of talk of a sustained recovery.
With its corporate headquarters in Elkhart, Indiana, Patriot
Homes remains a family owned business and would rank as the nations 27th largest homebuilder when compared against all
builders of single family
homes.
U.S. homebuilders
remain upbeat, but their optimism has hit a ceiling amid signs that
home demand has cooled, according to the National Association of Home Build
home demand has cooled, according to the National Association of
Home Build
Home Builders.
The association estimates that the buyer of a hypothetical 2,200 - square - foot, $ 200,000
home on a greenfield site pays $ 101,653 for construction: $ 46,956 for the finished lot; and $ 51,391 for any
remaining costs, including the
builder's overhead and profit.
Home builder confidence in the new, single - family construction market is healthy, but hurdles
remain, according to the latest National Association of
Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI).
Homeownership continues to
remain affordable, even as lofty prices weigh on the market, according to the National Association of
Home Builders (NAHB) / Wells Fargo recent Housing Opportunity Index (HOI) report.
Builders and
home buyers took a breath in December as the political agenda
remained cloudy up to January 2nd.
Over the past 11 months, the average annual increase has been 13 % as
builders respond to the increased demand, as existing
home inventories
remain low and as only the more financially able households are approved for mortgages.
Builder confidence was unchanged in February from the prior month,
remaining at 72 on the National Association of
Home Builders / Wells Fargo Housing Market Index (HMI).
Concerns about credit availability
remain, and in fact the National Association of
Home Builders on Thursday urged Congress and federal regulators to ease mortgage qualification requirements.
Following seven consecutive months of gains, the list of improving U.S. housing markets
remained virtually unchanged in April, with 273 metros on the National Association of
Home Builders / First American Improving Markets Index (IMI).
Bonus incentives are often offered in buyer's markets, and although the Alberta market is currently balanced, certain sectors, like the new
homes market,
remain weak, and professionals may notice more bonuses being offered by new
home builders.
Yet the long - term prospects of
home building demand
remain positive, with
builders ramping up production despite the occasional monthly dips.
Builders are working hard to expand our new
home market and while inventory on existing
homes remains tight, available
homes are providing tremendous value to buyers.
The number of completed
homes for sale ready for immediate move - in
remains at a record low of 38,000 as
builders remain cautious about building ahead of the market and as credit access
remains tight.
(BPT)- Demand
remains high for energy - efficient, eco-friendly
home features, according to a survey by the National Association of Home Build
home features, according to a survey by the National Association of
Home Build
Home Builders.
Supplies of existing
homes remain tight and
home builders are still slow to start construction on new project.
Credit for buyers and
builders remains tight so some sales are cancelled because buyers» failure to qualify and the inventory of new
homes is very low because
builders can not obtain financing to replenish their sales.
«We are seeing increased optimism from
builders in the 55 + housing segment,» says NAHB Chairman Bob Nielsen, a
home builder from Reno, Nev. «However, the market still
remains weak as many people in the mature - market sector are hesitant to buy.
«Even in a down housing market, homeownership
remains a core American value, with the vast majority of citizens who do not currently own a
home saying they want to buy a home,» said Bob Nielsen, president of the National Association of Home Builders and a home builder from Reno, Nev. «Those running for office in November need to understand that voters will not look kindly on any candidates who seek to dismantle the nation's long - term commitment to homeownership.&ra
home saying they want to buy a
home,» said Bob Nielsen, president of the National Association of Home Builders and a home builder from Reno, Nev. «Those running for office in November need to understand that voters will not look kindly on any candidates who seek to dismantle the nation's long - term commitment to homeownership.&ra
home,» said Bob Nielsen, president of the National Association of
Home Builders and a home builder from Reno, Nev. «Those running for office in November need to understand that voters will not look kindly on any candidates who seek to dismantle the nation's long - term commitment to homeownership.&ra
Home Builders and a
home builder from Reno, Nev. «Those running for office in November need to understand that voters will not look kindly on any candidates who seek to dismantle the nation's long - term commitment to homeownership.&ra
home builder from Reno, Nev. «Those running for office in November need to understand that voters will not look kindly on any candidates who seek to dismantle the nation's long - term commitment to homeownership.»
«While interest rates and overall housing affordability
remain very favorable on a historic basis, the decline in the latest HOI is a positive development because it is another signal that the housing recovery is starting to take root, and it lends needed confidence to prospective buyers and sellers who have been reluctant to move forward in the current marketplace,» says NAHB Chairman Barry Rutenberg, a
home builder from Gainesville, Fla..
Last year, the El Paso market
remained flat, with a shift from a resale market to a new -
homes outlook due to buyers getting tons of options from
builders and discount incentives.
Builders remain optimistic, but the challenges faced by the industry are raising production costs and inhibiting housing production growth which is limiting inventory expansion and pushing up new
home prices.
«Housing affordability
remains strong and this is an encouraging sign as the spring
home building season moves into high gear,» says NAHB Chairman Kevin Kelly, a
home builder and developer from Wilmington, Del..
«It is becoming ever more challenging for the
remaining mom - and - pop
home builders to compete with companies like Lennar, Related, GL Homes, etc.,» he said.
Meanwhile,
builder confidence
remains low, holding unchanged this month, according to an index by the National Association of
Home Builders that was released Monday.
«While new
home inventory rose slightly in June, it
remains tight as
builders face lot and labor shortages and increases in building material costs.»