Tag Archives: Homebuilders

Builder Confidence Still Very Low

The National Association of Home Builders reported that their Builders’ Confidence Index remained unchanged in January, stuck at a very low reading of 16. A number below 50 means that more builders view business conditions as poor than good. Continue reading

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NAHB: American Homes are Shrinking

In 2010, completed homes measured an average 2,377 square feet, down about 3% from the year earlier. By 2015, many builders expect the average home size to shrink to 2,152 square feet.

This downsizing ends an expansion that spanned nearly three decades: The average size peaked at 2,521 square feet back in 2007. Continue reading

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Home Builder Confidence Erodes Further in August

The National Association of Home Builders Housing Market Index fell from 14 in July to 13 in August. Any number below 50 indicates that more builders view sales conditions as poor than good. Continue reading

Posted in Best Of The Storm, Building & Remodeling, Industry & Technology, Real Estate Data | Tagged Builder Confidence, Homebuilders | 1 Comment

Believe it or not, there is a move-up market in the Inland Empire

Casey said he believes there are well-qualified buyers with cash “who have been waiting on the sidelines for an opportunity to buy their dream.” Continue reading

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Housing Starts Fall Below Expectations in June

Housing starts in June were at a disappointing 549,000 pace, well below economists’ expectations of 580,000. Continue reading

Posted in Best Of The Storm, Economic News, Home Economics, Industry & Technology | Tagged Homebuilders, New Home Sales | 1 Comment