Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Builder Confidence Unchanged in November
Nov 18, 2009
 Printable format
 Email this Article
 Search

In a survey in which most responses were received prior to congressional action to keep an important home buyer incentive alive, builder confidence in the market for newly built, single-family homes remained unchanged at a low level this November, sai the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Housing Market Index (HMI) held flat at 17 while its component gauging sales expectations for the next six months rose two points from the previous month, to 28.

In a special questions section of the HMI survey, one-third of respondents indicated that they have recently lost sales due to low appraisal values. This is up from a quarter of respondents who indicated as much in a survey taken in July. Builders report that low appraisal values are often tied to the use of foreclosed and distressed properties as "comps" in the appraisal process.

The November HMI was unchanged from October's downwardly revised level of 17. The component gauging current sales conditions and the component gauging traffic of prospective buyers also remained unchanged, at 17 and 13, respectively, while the component gauging sales expectations for the next six months edged up two points, to 28.

On a regional basis, HMI results were somewhat mixed in November. The South recorded no change, at 17, while the Midwest posted a three-point decline to 14, the Northeast registered a six-point decline to 19 and the West bounced back five points from a big dip in October to finish at 19.

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

Oct 29, 2014: Restaurant customers are using technology more frequently

Oct 29, 2014: Canadian HVAC/R wholesaler sales up 5.3% so far in 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows