NAHB Housing Market Index Slips Two Points in June

Topics: Housing Market

The National Association of Home Builders Housing Market Index for June fell by two points to 67 after a revision of May’s reading. Components of the Housing Market Index were lower for June with builder confidence in current market conditions two points lower at 73; June’s reading for builder confidence in market conditions for the next six months also fell two points to 76. Builder confidence in buyer traffic fell two points to 49. According to the Index, any reading over 50 indicates that more builders are confident than those who are not.

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NAHB: Builder Sentiment Dips in April

Topics: Mortgage Rates

According to the National Association of Home Builders Housing Market Index for April, Builder Confidence dropped three points to an index reading of 68 in April. While any reading over 50 indicates positive builder confidence, home builders said that they continue to face obstacles including higher costs for materials and elevated costs associated with regulatory issues. Builders have repeatedly cited concerns including a lack of buildable lots and labor shortages in past months.

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December 1 2016

Shelly Ragan

Case-Shiller: Home Price Growth Mixed for September

Topics: Housing Market

September’s 20-City Housing Market Index from Case-Shiller showed signs that rapidly rising home prices in some metro areas may be losing momentum. San Francisco, California, posted a month-to-month reading of -0.40 percent and a year-over-year reading of 5.70 percent. Home prices stayed flat in Seattle Washington from August to September, but posted the highest home price gain of 11.00 percent year-over-year. Slowing home price growth in high-demand areas suggest that affordability concerns are impacting rapid gains in home prices seen in recent years.

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Housing Bubbles: Why They Occur and How They Pop

Topics: Agent News

The reality is that when you buy a house, it is a possibility that the value of your home may decrease over time. Historically, housing markets were less susceptible to exaggerated pricing bubbles compared to other financial markets. The stable housing market was credited to large investment costs put into owning a home. However, all […]

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What’s Ahead For Mortgage Rates This Week – October 20, 2014

Topics: Market Outlook

Last week’s economic highlights included the National Association of Home Builders (NAHB) Housing Market Index for October. The Commerce Department also released Housing Starts for September. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage dropped below four percent. The Fed released its Beige Book report, and Weekly jobless claims came in lower than expected.

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