Builder sentiment for current market conditions gained five points for a reading of 75. The index reading for builder perception of market conditions in the next six months also rose five points to an October reading of 78. Builder sentiment for home buyer traffic in new home developments rose one point to 48.
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WASHINGTON (Reuters) – Pending sales of previously owned homes hit a five-month high in March as buyers rushed to sign. but summer will be quite slow,” said Paul Anastos, president of Mortgage.
Mortgage applications plunge as contact interest rates soar. Some rates are at their highest level since early 2016.. The construction of privately-owned homes took a hit last month, tumbling 8.8%. Make Room, a non-profit group focusing on renta.. Builder confidence grows in the market for 55+ single-family housing.
Builder Confidence at Six-Year High in October. according to the latest reading of the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).. Black Creek Group.
A Decade Post-Recession: A New Mortgage System An influx of new and often unsophisticated homebuyers with access to easy. Even after the recession ended, the federal funds rate remained at 1% for. reduced geographic mobility of homeowners with underwater mortgages, lost. “[ O]bviously the last decade has shown that bursting bubbles can be an.
Strip out a home. restore confidence in the housing market, improve opportunities to save and get people back to work." In the Chicago area, poorer communities often are hit first by a weakening.
On the economics front, confidence across the European Union held up this month with the European Commission figures showing a pick-up in sentiment in the UK. Still with the UK, mortgage approvals hit.
NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.
A gauge of confidence among home builders rose in September to the highest level in almost nine years, as builders’ views on present and upcoming sales rose.. Home-builder confidence hits.
Lower mortgage rates and strong consumer confidence helped lift US home builder sentiment to a four-month high in February, according to an industry survey. The National Home Builders Association.
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Single Family Market Builder Confidence Hits 10 Year High Builder confidence in the new, single family home market is at 62 on the Housing Market Index, its highest since October 2015 National.
4 Stocks to Buy as Homebuilder Confidence Offsets Rate Hike. Zacks Equity Research. The National Association of Home Builders’ confidence index scaled 6 points to 71 in March, the highest.