Builder confidence unchanged at 68 in July survey

Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 68 reading in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

The HMI index measuring current sales conditions remained unchanged at 74. Meanwhile, the component gauging expectations in the next six months dropped two points to 73 and the metric charting buyer traffic rose two points to 52.

Looking at the three-month moving averages for regional HMI scores, the Northeast rose one point to 57 while the Midwest remained unchanged at 65. The West and South each fell one point to 75 and 70, respectively.

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June builder confidence dips 2 points to 68 due to higher lumber prices

Builder confidence in the market for newly-built single-family homes fell two points to 68 in June, and was due in large part to sharply elevated lumber prices, adding nearly $9,000 to the price of a new single-family home since January 2017.The index measuring current sales conditions fell to 75, the component gauging expectations in the next six months dropped to 76, and the metric charting buyer traffic edged down to 50.

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May builder confidence rebounds two points to 70

Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in May. This is the fourth time the HMI has reached 70 or higher this year.  The HMI chart gauging current sales conditions increased two points to 76 in May while the indexes measuring buyer traffic and expectations in the next six months remained unchanged at 51 and 77, respectively.

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Builder confidence dips one point to 69 in April, still remains on firm ground

Builder confidence in the market for newly-built single-family homes edged down one point to a level of 69 in April.  The HMI index gauging buyer traffic held steady at 51, the chart measuring sales expectations in the next six months fell a single point to 77, and the component gauging current sales conditions dropped two points to 75.

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March builder confidence edges down one point to 70

Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March. The HMI component gauging current sales conditions held steady at 77, the chart measuring sales expectations in the next six months dropped two points to 78, and the index gauging buyer traffic fell three points to 51.

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January builder confidence dips two points to 72 after previous month's 18-year high

Builder confidence in the market for newly-built single-family homes dropped two points to a level of 72 in January on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after reaching an 18-year high in December 2017.

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Builder confidence drops three points in August to 64, largely due to twin hurricane impact

Builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September from a downwardly revised August reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), due mostly to concerns about the availability of labor and the cost of building materials.

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BuilderBytes' MetroIntelligence Economic Update for 9/19/12

Please click here to see the edition of BuilderBytes for 9/19/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Builder confidence rises to highest level since June of 2006
• Consumer confidence unexpectedly improves in September
• August retail sales rise by 0.9% from July and by 4.7% from August 2011
• CPI rose by 0.6% in August, mostly due to higher gas prices
• Industrial production fell by 1.2% in August, partly due to Hurricane Isaac
• Empire State Manufacturing Survey indicates weaker growth but greater optimism in the months ahead

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

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BuilderBytes' MetroIntelligence Economic Update for 6/20/12

Please click here to see the edition of BuilderBytes for 6/20/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Builder confidence in June rises to highest level since May of 2007
• May housing starts rise by 28.8% above same month of 2011 but 4.8% below previous month
• May building permits rise by 25.0% above same month of 2011 and 7.9% above previous month

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Dani Smith at dsmith@penpubinc.com.

BuilderBytes' MetroIntelligence Economic Update for 1/20/12

Please click here to see the edition of BuilderBytes for 1/20/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• NAHB Housing Market Index rises to highest levels since June of 2007
• Housing starts fall more than expected in December to cap worst year on record; building permits remain flat
• Philadelphia Fed survey shows continued moderate growth in January
• Initial unemployment claims drop by 50,000 from previous week
• CPI unchanged in December but up by 3.0% for 2011
• Industrial production rose by 0.4% in December and by 3.1% in 4Q 2011
• Wholesale prices fall in December but still up by 4.8% for all of 2011
• Mortgage applications rise sharply in second week of new year

Want to advertise in the newsletter and reach over 100,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.

Want to make sure your company or event is included in the events calendar? Contact editor Dani Smith at dsmith@penpubinc.com.