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We are a home remodeling
company located in the city of
katy, texas. We perform a
range of services from kitchen
remodels, bathroom
remodeling, interior & exterior
house painting, room additions,
fencing, siding, roofing and
much more.
More info at their web site:
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Builder Confidence Remains Unchanged In April
April 15, 2008 - Builder confidence in the market for new single-family
homes remained unchanged for a third consecutive month in April,
according to the National Association of Home Builders/Wells Fargo Housing
Market Index (HMI), released today. The HMI held at 20, up marginally from
the record low of 18 set in December of 2007 (the series began in January
of 1985).
“With the traditional home buying season now well underway, we have not
seen the bump in sales activity that we normally would this time of year,”
said Sandy Dunn, NAHB president and a home builder from Point Pleasant,
W.Va. “At this point, all eyes are on Congress and its efforts to craft
meaningful legislation to help support the housing market and stabilize our
nation’s economy before it heads deeper into recession.”
“While builders continue to report improvements in traffic through their
model homes compared with late last year, this activity has not translated to
actual sales. That’s where Congress can make a big difference,” noted
NAHB Chief Economist David Seiders. “Measures that stimulate consumer
confidence in the housing market, push the fence-sitters into the ring and
put a floor under house prices can successfully halt the drag that housing is
exerting on the national economy, and help stabilize financial markets at the
same time. But such measures need to be implemented as soon as possible
in order to limit the severity of the economic recession that now is underway.”
Derived from a monthly survey that NAHB has been conducting for more
than 20 years, the NAHB/Wells Fargo HMI gauges builder perceptions of
current single-family home sales and sales expectations for the next six
months as “good,” “fair” or “poor.” The survey also asks builders to rate
traffic of prospective buyers as either “high to very high,” “average” or “low
to very low.” Scores for each component are then used to calculate a
seasonally adjusted index where any number over 50 indicates that more
builders view sales conditions as good than poor.
The HMI’s component index gauging current sales conditions declined two
points to 18 in April, its lowest level since November of last year. The
component gauging traffic of prospective buyers held even at 19 for a third
consecutive month, up from a low of 13 last December. The component
gauging sales expectations for the next six months rose four points to 30,
although this measure was down substantially from a year earlier.
Regionally, HMI results were mixed this month, with a one-point gain to 22
registered in the Northeast, a one-point decline to 15 registered in the
Midwest, a two-point decline to 24 posted for the South and a two-point gain
to 17 posted for the West.
EDITOR’S NOTE: The NAHB/Wells Fargo Housing Market Index is strictly the
product of NAHB Economics, and is not seen or influenced by any outside
party prior to being released to the public. HMI tables can be accessed
online at: www.nahb.org/hmi. More information regarding housing statistics
is also available at www.housingeconomics.com.
April 15, 2008 - Builder confidence in the market for new single-family
homes remained unchanged for a third consecutive month in April,
according to the National Association of Home Builders/Wells Fargo Housing
Market Index (HMI), released today. The HMI held at 20, up marginally from
the record low of 18 set in December of 2007 (the series began in January
of 1985).
“With the traditional home buying season now well underway, we have not
seen the bump in sales activity that we normally would this time of year,”
said Sandy Dunn, NAHB president and a home builder from Point Pleasant,
W.Va. “At this point, all eyes are on Congress and its efforts to craft
meaningful legislation to help support the housing market and stabilize our
nation’s economy before it heads deeper into recession.”
“While builders continue to report improvements in traffic through their
model homes compared with late last year, this activity has not translated to
actual sales. That’s where Congress can make a big difference,” noted
NAHB Chief Economist David Seiders. “Measures that stimulate consumer
confidence in the housing market, push the fence-sitters into the ring and
put a floor under house prices can successfully halt the drag that housing is
exerting on the national economy, and help stabilize financial markets at the
same time. But such measures need to be implemented as soon as possible
in order to limit the severity of the economic recession that now is underway.”
Derived from a monthly survey that NAHB has been conducting for more
than 20 years, the NAHB/Wells Fargo HMI gauges builder perceptions of
current single-family home sales and sales expectations for the next six
months as “good,” “fair” or “poor.” The survey also asks builders to rate
traffic of prospective buyers as either “high to very high,” “average” or “low
to very low.” Scores for each component are then used to calculate a
seasonally adjusted index where any number over 50 indicates that more
builders view sales conditions as good than poor.
The HMI’s component index gauging current sales conditions declined two
points to 18 in April, its lowest level since November of last year. The
component gauging traffic of prospective buyers held even at 19 for a third
consecutive month, up from a low of 13 last December. The component
gauging sales expectations for the next six months rose four points to 30,
although this measure was down substantially from a year earlier.
Regionally, HMI results were mixed this month, with a one-point gain to 22
registered in the Northeast, a one-point decline to 15 registered in the
Midwest, a two-point decline to 24 posted for the South and a two-point gain
to 17 posted for the West.
EDITOR’S NOTE: The NAHB/Wells Fargo Housing Market Index is strictly the
product of NAHB Economics, and is not seen or influenced by any outside
party prior to being released to the public. HMI tables can be accessed
online at: www.nahb.org/hmi. More information regarding housing statistics
is also available at www.housingeconomics.com.
FIND YOUR LOCAL BUILDERS' ASSOCIATION
To join NAHB or find a local builder, please contact the home builders'
association (HBA) in your area. To find the association nearest you, click on
this link: Local Builder and member of NAHB
To join NAHB or find a local builder, please contact the home builders'
association (HBA) in your area. To find the association nearest you, click on
this link: Local Builder and member of NAHB