Nationwide Market Is Running at 86 Percent of Normal
December 9, 2013
Housing markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the latest National Association of Home Builders/First American Leading Markets Index (LMI).
Single-Family Housing Expected to Rise 17 Percent This Year, Jump an Additional 31 Percent in 2014
October 8, 2013
With home prices and household formations rising and household balance sheets healing, the ongoing housing recovery is expected to gain momentum next year even as challenges remain, according to economists participating in the National Association of Home Builders (NAHB) Fall 2013 Construction Forecast Webinar.
Sixth Straight Month with at Least 70 Percent of All U.S. Metros on the List
July 9, 2013
A total of 255 metropolitan areas across 49 states and the District of Columbia qualified to be listed on the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for July. This is down slightly from June, but is more than triple the number of metros that were on the list in July 2012.
The Remodeling Market Index (RMI) reached 55 in the fourth quarter of 2012, increasing five points from the previous quarter, according to the National Association of Home Builders (NAHB). This is the highest reading since the first quarter of 2004.
The National Association of Home Builders (NAHB) and the International Code Council (ICC) announced the American National Standards Institute (ANSI) approval of the 2012 ICC 700 National Green Building Standard. NAHB and ICC partnered to establish the green building standard, which was first published in 2009.
Housing starts and permitting of new homes rose sharply in September to their highest levels in more than four years, according to the latest figures from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.
Housing starts declined 4.3 percent to a seasonally adjusted annual rate of 529,000 units in the final month of 2010, according to figures released by the U.S. Department of Commerce. However, the year-end data indicate that production of new homes improved 6.1 percent in 2010 over 2009. On another positive note, permit issuance for construction of new homes and apartments rose 16.7 percent in December.