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Home builders were ebullient about sales prospects in July.
The association's call to action comes amid growing signs that the industry is recovering.
The Joint Center for Housing Studies of Harvard University says, in its “State of the Nation’s Housing 2012” report, that “Starting in the first quarter of 2011, home construction and improvement spending have made a positive contribution to GDP in four out of five quarters,” and that the “Leading...
In various pockets of the U.S., permits are being pulled and ground is being broken. This story makes the point through compelling photos, plus anecdotal and index-based info.
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While the NAHB reports that builders are seeing more serious traffic, converting browsers into buyers remains difficult.
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The significant monthly improvement came from the West, where the region’s index reading more than doubled.
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While the Housing Market Index remains low by historical standards, the monthly improvement brought it to the highest level seen in more than four years.
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The Housing Market Index reported its best reading since April 2008.
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In October, the Housing Market Index experienced the largest jump seen in 18 months.
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Confidence among consumers and other small businesses has also fallen.
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Builders grew slightly more glum in September despite record low mortgage rates and evidence from several big public builders that sales and prices appear to have stabilized. The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for September dropped one point from August...
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While buyer traffic and sales conditions are up, builders and consumers are worried about what's to come.
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Builder confidence in the new-home market remained stuck at 15 on a scale of 100 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Analysts were expecting a flat reading. Two of three component indices, meanwhile, posted marginal gains.
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The NAHB's builder confidence index bounces slightly off the bottom.
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Builder confidence in the market for new single-family home sales rose by 2 points in July, the National Association of Home Builders said Monday, butthe confidence reading of 15 remained sharply below a level that wouldindicate optimism.
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Builders are no more confident now in the market for new single-family homes than they were in the post tax-credit doldrums of September, 2010, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index, released Wednesday, slipped three points from May to a...
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Bills have been introduced in the Senate advocating to remove some of banks’ financial incentives to foreclose rather than modify.
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Even as measures of sales and traffic moved up, disappointment from a poor showing in sales this spring left builders unhopeful.
Jobs must be created before housing industry recovers.
There's still more than one way to come by home building's time-release mechanism.