Tag Archives: National Association Of Home Builders

Housing Recovery Shows Up In Job Gains

Residential construction jobs increased by just over 6,000 in April from the previous month, according to the Bureau of Labor Statistics, and residential specialty trade contracting jobs (plumbers, electricians, roofers, etc.) grew by over 7,000. Those workers need more trucks, … Continue reading

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Rising Mortgage Rates Spook Housing

“Despite the Federal Reserve’s announcement last week that it would purchase an additional $45 billion in Treasury securities per month as part of its continuing quantitative easing effort, rates increased in the second half of the week,” said Mike Fratantoni, … Continue reading

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Builders Bump Up Thanks to Drop in Existing Home Supply

Sales of existing homes are recovering slowly, but a drop in supplies of those homes is pushing confidence among the new home builders to a six year high. There are just 2.1 million existing homes for sale, which is a … Continue reading

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Housing Still Precarious in Obama’s Second Term

The housing market is on the slow road to recovery. Home prices in the last three months rose in 120 out of 149 metropolitan markets surveyed by the National Association of Realtors. Compare that to just 39 rising metros a … Continue reading

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What Today’s Jobs Report Says About the Housing Market

Any jump in jobs is good for housing, and October’s gain of 171,000 is no different. One of the biggest barriers to entry for potential home buyers, new and move-up, has been uncertainty in employment. So this positive report can … Continue reading

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Credit Clips Homebuilder Confidence

After a summer of significant monthly jumps in confidence among the nation’s home builders, fall appears to be bringing in a chill. Builder sentiment edged up just one point in October, according to an industry association index, but credit issues … Continue reading

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Home Builders Bullish for Fifth Straight Month

The nation’s once-beleaguered home builders are more confident than they have been in six years. A surge in new orders for homes, especially among the big public builders, pushed builder sentiment on an industry survey up three points to the … Continue reading

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REAL ESTATE: July new home sales match 2-year high

<!–Saxotech Paragraph Count: 0–> The housing market has a long way to go to reach full health. Some economists forecast that sales of previously occupied homes will rise 8% this year to about 4.6 million. That’s still well below the … Continue reading

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US Home Builders Begin to See Credit Thaw

The U.S. home building industry is finally coming off its lowest volumes ever, albeit in fits and slow starts.  New single family home starts fell 6.5 percent in July from the previous month but are still up 17 percent from … Continue reading

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Homebuilders Most Confident in More Than 5 Years

Homebuilders today are feeling more confident than they have in more than five years. Recent earnings reports from the big public builders have shown spikes in new orders for single family homes, and competition from foreclosures has eased as banks … Continue reading

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