Archive for the 'Homebuilders' Category
Single-Family Housing Starts Fade In July
August 19th, 2010 categories: Existing Home Sales, Home Values, Homebuilders, Housing Starts, New Home Sales, Pending Home Sales
Sometimes, you need to look deeper than the headlines to get the news that matters. This basic truth’s latest example comes from the July Housing Starts data, as published by the U.S. Census Bureau.
According to the newspapers, Housing Starts improved last month:
- US Housing Starts Make Modest Rebound (FT)
- Housing Starts Rise Slightly (MoneyWatch)
- Housing Starts Tick Higher In July (MarketWatch)
However, these stories are speaking in terms of all housing starts — not just the single-family ones. This is a major point of difference for home buyers in Farragut because the most people don’t buy the multi-unit homes and apartment buildings that’s also a part of the Housing Starts data.
The overwhelming majority of buyers buy single-family homes and in July, as in the previous 3 months, the number of single-family housing starts fell.
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Home Builder Confidence Falls Again; Home Buyers Gain Leverage?
August 17th, 2010 categories: Homebuilders
Home builder confidence in the newly-built, single-family housing market is down for the third straight month this month.
After reaching a 3-year high just 90 days ago, the National Association of Homebuilders’ Housing Market Index is now at a multi-year low. It’s since dropped by almost half.
As an economic indicator, the HMI’s goal is to “take the pulse of the single-family housing market”. It surveys home builders across the country and asks them to report on 3 facets of their business:
- How are market conditions today?
- How do market conditions look 6 months from now?
- How is the prospective traffic of new buyers for new homes?
Responses are then collated, weighted, and presented as the Housing Market Index.
The August HMI reading of 13 is the lowest since March 2009.
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Sagging Homebuilder Confidence Opens The Door For Good Deals
July 21st, 2010 categories: Homebuilders
Builder confidence in the housing market slipped this month, according to the National Association of Homebuilders’ monthly Housing Market Index.
The Housing Market Index is actually a weighted composite of 3 separate surveys. One measures current single-family sales; one measures projected single-family sales; and one measures traffic of prospective buyers.
All three surveys were down in July:
- Single-Family Sales : From 17 (June) to 15 (July)
- Single-Family Project : From 22 (June) to 21 (July)
- Buyer Foot Traffic : From 13 (June) to 10 (July)
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