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 Hits 7-Year High Mark
Jun 19, 2013
 Printable format
 Email this Article
 Search

U.S. homebuilder confidence was up significantly in June 2013 to reach 52 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). A reading over 50 indicates that more builders view sales conditions as good than poor.

"This is the first time the HMI has been above 50 since April 2006, and surpassing this important benchmark reflects the fact that builders are seeing better market conditions as demand for new homes increases," said NAHB Chairman Rick Judson, a home builder and developer from Charlotte, N.C. "With the low inventory of existing homes, an increasing number of buyers are gravitating toward new homes."

The one-month increase of eight points was the biggest since August and September of 2002, when the HMI also jumped eight points.

"Builders are experiencing some relief in the headwinds that are holding back a more robust recovery," said NAHB Chief Economist David Crowe. "Today's report is consistent with our forecast for a 29% increase in total housing starts this year, which would mark the first time since 2007 that starts have topped the 1 million mark."

The three components of the HMI all showed increases in June:
* the current sales conditions index was up eight points to 56
* the index of expectations for future sales was up nine points to 61, to its highest level since March 2006
* the index of prospective buyer traffic was up seven points to 40

Back to Daily News

 

Daily News

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

Apr 22, 2014: A Third of Homes Worldwide Could Have Networks by 2018

Apr 22, 2014: Appliance Category Industrial Output Up 2% in March

Apr 21, 2014: Final Commercial Refrigeration Rule Published

Apr 21, 2014: Elam Offers Android-Enabled Kitchen Interface

Apr 21, 2014: LG Door-in-Door Refrigerator Called One of Year's Most Innovative Products

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