Good news!! The market has turned as of April. In fact since April the Price Index for the Phoenix-Metro area has seen 5-7% increases per month since. This is great news for many homeowners sitting on the fence considering selling. Because inventory levels dropped...
As home prices rise, so does home builder confidence. Tuesday, the National Association of Homebuilders reported its monthly Housing Market Index (HMI) at 41, a one-tick improvement from September and the highest HMI value since June 2006 -- a span of 77 months....
The new construction housing market continues to make gains. Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide. The report marks the...
Home builder confidence continues to make new highs. As reported by the National Association of Home Builders, the Housing Market Index, a measure of builder confidence, rose to a reading of 40 in September -- its highest mark since June 2006. The index is now...
Home builder confidence rises again. For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 -- an increase of more than 100% from one year ago and the highest HMI value since February 2007. The Housing Market Index is...
New construction housing is in a post-recession rally. As reported by the Census Bureau, on a seasonally-adjusted, annualized basis, last month's Single-Family Housing Starts rose 5 percent to 539,000 units nationwide. This is the highest reading since April 2010, the...
Home builders maintained December's confidence level according to the National Association of Home Builders (NAHB) Housing Market Index for January. The latest reading of 60 mirrored December's reading, but was two points lower than expected. Readings of more than 50...
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