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

Weather Drives U.S. Housing Market Index Down in February
Feb 18, 2004
 Printable format
 Email this Article
 Search

Unusually bad winter weather across much of the U.S. was at least partly to blame for a 4-point decline in the National Association of Home Builders' (NAHB) Housing Market Index (HMI) for February. The monthly gauge of single-family builder confidence rested at 65, its lowest level since July 2003's similar reading.

"The new-homes market is still doing well, thanks to excellent financing conditions, great buyer demographics, and improving economic indicators. But many builders reported drop-offs in buyers visiting model homes in early February, and a large percentage attributed those declines to bad weather," said Bobby Rayburn, NAHB president.

While the HMI is adjusted for normal seasonality, unusually bad weather conditions can have an impact on the final reading, noted NAHB Economist Michael Carliner. "Also, NAHB has anticipated a slowdown from the record pace of new-home sales in the final months of 2003, and the latest HMI indicates builder expectations are consistent with that," Mr. Carliner said. "Still, the outlook for sales conditions remains quite good heading into the spring home buying season."

The HMI is derived from a monthly survey of builders that NAHB has been conducting for nearly 20 years. Home builders are asked to rate current sales of single-family homes as "good," "fair," or "poor." They are also asked to rate traffic of prospective buyers as "high to very high," "average," or "low to very low." Scores for responses to each component are used to calculate a seasonally adjusted index, where any number over 50 indicates that more builders view sales conditions as good than poor.

Each of the HMI's component indexes declined in February. The index gauging traffic of prospective buyers slipped the most -- down 5 points to 46 --followed by the index gauging current sales of new single-family homes, which was down 4 points to 72. The index gauging expected sales in the next 6 months slid 3 points to 73.

Back to Daily News

 

Daily News

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

Sep 19, 2014: Builder confidence at highest level since Nov. 2005

Sep 19, 2014: Builders Show, Kitchen/Bath Show, and 3 other events converge for 2015 Design & Construction Week

Sep 19, 2014: GE Appliances supporting Susan G. Komen

Sep 18, 2014: AHRI at White House unveils $5 billion refrigerant R&D plan

Sep 18, 2014: Solar microinverter market could break $1 billion by 2018

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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows