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Theresa Springer’s Blog

Builder Confidence Up For 1st Time In 5 Months

Builder confidence rose for the first time in five months, a sign that builders are starting to see interest from potential buyers. The National Association of Home Builders/Wells Fargo Housing Market Index for October shows builder confidence rose three points to 16. The index gauges builders’ perception of the market for newly built, single-family homes. ... MORE

Housing, Tax Credits, And The Economy

[youtube http://youtube.com/w/?v=fsY8csX9HX4] Bernie Markstein, senior economist with the National Association of Home Builders, says the homebuyer tax credit helped stabilize prices but further improvement in housing is now dependent on general economic growth. MORE

Builder Confidence Holds In September

According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder confidence in the housing market held steady at 13 in September. The index gauges builders’ perception of the market for newly built, single-family homes. A number below 50 indicates more builders view conditions as poor than good. Despite remaining unchanged from August’s ... MORE

Housing Starts Rise As Permits Fall

Housing starts rose a less-than-expected 1.7 percent in July while applications for building permits fell to their lowest level since May 2009, according to a report from The U.S. Census Bureau and the Department of Housing and Urban Development. Permits were down 3.1 percent from June and 3.7 percent from last year. Year-over-year, housing starts ... MORE

Builder Confidence Falls To 15-Month Low

Without federal tax credits to boost demand, builder confidence dropped to its lowest level since March 2009. The National Association of Home Builders/Wells Fargo Housing Market Index fell two points to 14 in the month of July. The monthly survey gauges builders’ perception of the market for newly built, single-family homes. A number below 50 ... MORE

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