Category Archives: Builders and New Housing

Builder Confidence Rises

Posted on October 19, 2010 by Ryan Hinricher

The National Association of Home Builders reported that builder confidence (for new single-family homes) rose this month.  The Housing Market Index rose to 16 from September’s 13.  This beat expectations of a more modest 14 on the scale but is very low.  Anything below 50 is considered a pessimistic view … Continue reading →

Housing Starts Rise Despite Stalled Builder Confidence

Posted on September 21, 2010 by Ryan Hinricher

Yesterday the National Association of Home Builders reported that its Housing Market Index remained unchanged in September from August at 13 (a very low level of builder confidence).  Despite this report housing starts showed a 10.5% improvement in August bringing the annual pace to just under 600,000 units (598,000). While … Continue reading →

New Home Sales Decline

Posted on August 25, 2010 by Ryan Hinricher

The U.S. Census Bureau and HUD reported today that new homes sales dipped in July to 276,000, down 12.4% from June’s revised 315,000 and 32% below July 2009′s estimate of 408,000.  This leaves the supply of new homes at 9.1 months at the current sales rate, up from June’s 8-month … Continue reading →

Builder Confidence Falls

Posted on August 16, 2010 by Ryan Hinricher

The National Association of Home Builders reported builder confidence declined to its lowest level since March, 2009.  Builders feel the housing recovery is stalling as home buyer credit closings wind down, revealing a fragile market.  Builders are also seeing a more hesitant consumer, which I believe is dominating all sectors … Continue reading →

Housing Starts Hit 5-Month Low

Posted on June 22, 2010 by Ryan Hinricher

Last week, the Commerce Department reported that housing starts hit a 5-month low, dropping 10% to a seasonally-adjusted annual rate (SAAR) of 593,000.  Analysts were expecting a number of around 650,000 housing starts. Along with this, new builder permits dropped 5.9% to a 574,000 pace in May, the lowest in … Continue reading →

New Home Sales Plunged, But There's More to the Story

Posted on December 24, 2009 by Ryan Hinricher

One day after November’s Existing Home Sales report blew away estimates, the Census Bureau’s related New Homes Sales report failed to impress. In a lackluster showing, New Home Sales dropped 11 percent in November, falling to the lowest levels since April. Furthermore, the all-important “months of supply” climbed by a half-month to 7.9. But there’s a very good reason why. Continue reading →