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 Down Slightly in March
Mar 28, 2013
 Printable format
 Email this Article
 Search

U.S. home builder confidence in the market for new, single-family homes was down slightly for a third month in March. The two-point drop brought the index to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

"Following eight consecutive months of improvement, builder confidence leveled off in January and has since edged down several points," said NAHB Chairman Rick Judson, a home builder from Charlotte, NC. "Although many of our members are reporting increased demand for new homes in their markets, their enthusiasm is being tempered by frustrating bottlenecks in the supply chain for developed lots along with rising costs for building materials and labor. At the same time, problems with appraisals and credit availability remain considerable obstacles to completing deals."

"In addition to tight credit and below-price appraisals, home building is beginning to suffer growth pains as the infrastructure that supports it tries to re-establish itself," explained NAHB Chief Economist David Crowe. "During the Great Recession, the industry lost home building firms, building material production capacity, workers who retreated to other sectors and the pipeline of developed lots. The road to a housing recovery will be a bumpy one until these issues are addressed, but in the meantime, builders are much more optimistic today than they were at this time last year."

The HMI component that measures current sales conditions was down four points, to 47.

The components measuring sales expectations in the next six months was up one point to 51.

The component gauging traffic of prospective buyers gained three points, to 35, in March.

Back to Daily News

 

Daily News

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

Feb 14, 2014: Affluent Consumers Feel Confident, But Not As Inclined To Buy Luxury Products in 2014

Feb 13, 2014: Indesit: Ever-Decreasing Shipments in 2013

Feb 13, 2014: AHRI Sees Flaws in CPSC-Proposed Guidelines for Voluntary Recalls

Feb 13, 2014: Kubota and Echo Form U.S. Dealer Alliance

Feb 13, 2014: Spectrum Brands Names Andreas Rouvé COO

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows