Despite an unfavorable HMI reading, home builders might still be less willing to “make a deal”; holding out for a better 2011.
All posts in category Homebuilders
Why Builder Confidence Surveys Matter To Buyers Of New Homes
Posted by Gayle Blonar on December 17, 2010
http://gayleblonarblog.com/2010/12/housing-market-index-december-2010.html
Homebuilders Expect A Surge In New Home Sales
According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boosting builder optimism.
Posted by Gayle Blonar on November 17, 2010
http://gayleblonarblog.com/2010/11/housing-market-index-november-2010.html
As Buyer Foot Traffic Rises, So Does Homebuilder Confidence
According to the NAHB, October’s HMI reading of 16 is its highest value in 5 months. The uptick hints that the market for newly-built homes may rebound more quickly that this summer’s weak new homes sales figures would otherwise suggest.
Posted by Gayle Blonar on October 19, 2010
http://gayleblonarblog.com/2010/10/housing-market-index-october-2010.html
As Homebuilder Confidence Stagnates, Deals Abound
Home builder confidence held firm this month, according to the National Association of Home Builders’ monthly Housing Market Index. September’s reading of 13 equaled a 17-month low.
Posted by Gayle Blonar on September 30, 2010
http://gayleblonarblog.com/2010/09/housing-market-index-september-2010.html
Home Builder Confidence Falls Again; Home Buyers Gain Leverage?
After reaching a 3-year high just 90 days ago, the National Association of Homebuilders’ Housing Market Index is now at a multi-year low after falling by almost half.
Posted by Gayle Blonar on August 17, 2010
http://gayleblonarblog.com/2010/08/housing-market-index-august-2010.html
Sagging Homebuilder Confidence Opens The Door For Good Deals
Remember, it wasn’t too long ago that most builders were flush with home inventory, unable to find willing buyers. To help move product at that time, builders dropped prices and offered incentives including free upgrades. If confidence continues to sag going forward, home purchase deals of that nature may return — especially as the foreclosure market gets larger.
Posted by Gayle Blonar on July 20, 2010
http://gayleblonarblog.com/2010/07/housing-market-index-july-2010.html