Home builders surveyed by the National Association of Home Builders expressed their highest level of confidence in housing markets since 1999. The index reading for housing market conditions in December hit 74, which exceeded November's reading of 70. Analysts expected a flat reading of 70 for December. Readings over 50 indicate improvement in housing market conditions. The three component readings used to comprise the Housing Market Index also rose in December. Builder confidence in current … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 23, 2017
Last week's economic reports included NAHB Housing Market Indexes along with readings on housing starts, building permits and existing home sales. Weekly readings on mortgage rates and new jobless claims were also released. NAHB: Builder Sentiment Jumps in September, Housing Starts and Building Permits Fall The National Association of Home Builders reported a four-point increase in its Home Price Index for October. Builders surveyed reported higher confidence in overall market conditions, which … [Read more...]
Home Builder Sentiment Highest in Five Months
Component readings used for calculating Housing Market Index readings also rose in October. 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. Buyer traffic readings seldom exceed a Home Builder Index reading of 50. NAHB Chairman Granger … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 2, 2017
Last week's economic reports included Case-Shiller's Home Price Indices, readings on new and pending home sales and Freddie Mac 's weekly mortgage rates report. Weekly jobless claims and reports on inflation and core inflation were also released. Case-Shiller Home Prices Rise in July; New and Pending Home Sales Lower in August According to Case-Shiller July Index reports, national home prices rose at a rate of 5.8 90 percent on a seasonally-adjusted annual basis as compared to June's reading of … [Read more...]
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