AGBeat » new home construction

New home sales dip, 2011 worst sales year on record

Tara Steele — Fri, 27 Jan 2012 00:53:22 +0000

New home sales drop The hardest hit sector of real estate has again been served bad news as the U.S. Commerce Department reported today that after three consecutive months of improvement, the sales of newly built, single-family homes dropped 2.2 percent to a seasonally adjusted annual rate of 307,000 units in December, officially marking the worst sales year on record [...]

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Builder confidence up for fourth month, hits 2007 levels

Tara Steele — Wed, 18 Jan 2012 20:09:07 +0000

Builder confidence is up According to the the NAHB/Wells Fargo Housing Market Index (HMI) released today, builder confidence in the market for newly built, single-family homes continued rose for a fourth consecutive month in January, up four points to 25, representing the highest level the index has attained since June of 2007. “Builder confidence has now risen four months in [...]

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New home sales up 10 percent from 2010

Tara Steele — Fri, 23 Dec 2011 16:37:55 +0000

New home sales With the crash of the economy, housing has been one of the hardest hit sectors with new home construction being the worst performing sector of all residential real estate. Construction loans dried up as the crash came – starts slowed, construction jobs disappeared, and sales plummeted along with builder confidence. In recent months, the sector has made [...]

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Surging new home construction at two year high

Tara Steele — Tue, 20 Dec 2011 16:27:03 +0000

Spike in home building New home construction rose in November to its highest level in nearly two years, as multi-family starts and record-breaking low mortgage rates fuel building activity. Lending remains tight, but housing starts spiked 9.3 percent from October to November and are up 24.3 percent from November 2011, beating nearly all economists’ predictions for the month. In addition [...]

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Showcasing the generous side of new home builders

Tara Steele — Tue, 20 Dec 2011 06:07:01 +0000

Down economy does not always stop generosity Despite new home construction being one of the hardest hit sectors in real estate as the economy has tanked, the National Association of Home Builders (NAHB) says builders continue to help the less fortunate members of their communities. The NAHB’s Home Builders Care program is comprised of builder philanthropy ranging from community outreach [...]

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Builder confidence levels continue to rise after a solid year of being stagnant

Tara Steele — Thu, 17 Nov 2011 03:28:08 +0000

Builder confidence up After a year of stagnant builder confidence levels, the National Association of Home Builders (NAHB) reported that October saw the first rise in builder confidence this year by four points, the largest single month gain since the home buyer tax credit stimulated buyers in April of 2010. Today, the NAHB reports that confidence levels for November are [...]

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National Association of Home Builder pushes Congress on reinstating higher loan limits

Tara Steele — Tue, 15 Nov 2011 21:31:45 +0000

NAHB pushing Congress Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, released a statement today urging Congress to pass legislation to reinstate the higher loan limits for the Federal Housing Administration which expired on September 30, 2011. “Legislation pending in the House and Senate will restore the higher mortgage loan limits [...]

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Multifamily starts skyrocket 51%, single family starts still steady

Tara Steele — Thu, 20 Oct 2011 08:30:45 +0000

Multifamily kicks it into high gear According to the U.S. Department of Commerce, housing starts rose 15 percent in September, the best pace in new home construction since April 2010. Builder confidence rose in October, but most of the traction gained in housing was in multifamily which has seen a rise in ground breakings as demand continues to rise in [...]

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Builder confidence bucks recent trend, rises in October

Tara Steele — Wed, 19 Oct 2011 05:07:42 +0000

Builder confidence on the rise According to the National Association of Home Builders, builder confidence for single-family new home construction rose four points in October, the largest single month gain since the home buyer tax credit stimulated buyers in April of 2010. Builders’ confidence in current sales conditions rose, as did confidence in sales expectations for the next six months [...]

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Millions of homeowners opting to remodel over buying a new home

Tara Steele — Wed, 19 Oct 2011 05:05:51 +0000

Remodeling at an all time high According to BuildFax’s August Remodeling Index, remodeling activity hit an all time high (since recording began in 2004) and based on permit data, rising nearly ten percent in the last year. Over 3.3 million residential remodeling projects are on track to be permitted in 2011, up from 3.1 million in 2010. Remodeling activity has [...]

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