In the latest sign of a burgeoning recovery in U.S. housing markets, the number of metropolitan areas on the National Association of Home Builders/First American Improving Markets Index (IMI) rose for a fifth consecutive month to 242 in January.
Upward trends in recent months among a number of housing indicators point to a slow and steady growth in the nation's housing market in 2013, but several challenges remain, according to the latest economic and housing forecast by David Crowe, chief economist for the National Association of Home Builders (NAHB).
Following an above-trend rate of production in October, nationwide housing starts slipped 3.0 percent to a seasonally adjusted annual rate of 861,000 units in November, according to newly released data from HUD and the U.S. Census Bureau.
Builder confidence in the market for newly built, single-family homes rose for an eighth consecutive month in December to a level of 47 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), recently released.
The National Association of Home Builders (NAHB) has announced the finalists for NAHB's 2013 Best of 50+ Housing Awards, the premier design and marketing competition for the 50+ housing industry.
The number of housing markets considered "improving" according to parameters established by the National Association of Home Builders/First American Improving Markets Index (IMI) surged by 76 to a total of 201 metros in December, according to IMI data released recently.
NAHB will host a free webinar featuring NAHB CEO Jerry Howard, Chief Economist David Crowe and Chief Lobbyist Jim Tobin for a post-election assessment of the political landscape and an economic forecast for the coming year
Sales of newly built, single-family homes in October held virtually unchanged from a downwardly revised pace in the previous month, at a seasonally adjusted, annual rate of 368,000 units, according to figures released by HUD and the U.S. Census Bureau recently.
Nationwide housing production rose 3.6 percent in October to a seasonally adjusted annual rate of 894,000 units, according to the U.S. Commerce Department.