Builder Confidence Grows in July

Washington, DC, July 16, 2014 --  Builder confidence in the market for newly-built single-family homes rose four points in July to a reading of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index.

Any reading over 50 indicates that more builders view sales conditions as good than poor.

“This is the first time that builder confidence has been above 50 since January and an important sign that it is strengthening as pent-up demand brings more buyers into the marketplace,” said NAHB Chairman Kevin Kelly.

“An improving job market goes hand-in-hand with a rise in builder confidence,” said NAHB Chief Economist David Crowe.

“As employment increases and those with jobs feel more secure about their own economic situation, they are more likely to feel comfortable about buying a home.”

All three HMI components posted gains in July. The index gauging current sales conditions increased four points to 57, while the index measuring expectations for future sales rose six points to 64 and the index gauging traffic of prospective buyers increased three points to 39.



Other Archived Articles

Scott Group Acquires Hokanson Carpets   Full Article
Grand Rapids, MI, Sept. 15, 2014 -- Michigan-based Scott Group Custom Carpets said it has acquired Texas-based Hokanson Carpets.

New York Manufacturing Improves at Faster Rate   Full Article
New York, NY, Sept. 15, 2014 -- Manufacturing conditions in the New York area improved at the fastest rate since October 2009 in September, according to the New York Fed.

Inmates Learn Concrete Polishing in Jail   Full Article
Madisonville, KY, Sept. 15, 2014 -- Hopkins County Jail was looking for a solution to replace tiles throughout the facility when head jailer Joe Blue decided polished concrete was a viable option.

Housing Not Adequate for Wave of Boomers   Full Article
Cambridge, MA, Sept. 15, 2014 -- America’s older population is in the midst of unprecedented growth, but the country is not prepared to meet the housing needs of this aging group, concludes a new Harvard report.

Domotex Asia Set for March 24-26   Full Article
Shanghai, China, Sept. 12, 2014 -- Domotex Asia/Chinafloor will be held March 24-26 in Shanghai.

Retail Sales Increase Broadly in August   Full Article
Washington, DC, Sept. 12, 2014 -- U.S. retail sales rose 0.6% in August, as consumer bought automobiles and a variety of other goods, according to the Commerce Department.

Consumer Sentiment Highest in More Than a Year   Full Article
Ann Arbor, MI, Sept. 12, 2014 -- U.S. consumer sentiment rose in September to its highest level in more than a year, according to the Thomson Reuters/University of Michigan index.

Greenberg Fund Awards Two Scholarships   Full Article
Manchester, NH, Sept. 12, 2014 -- CCA Global Partners has announced the recipients of two $5,000 scholarships through the Alan Greenberg Scholarship Fund.

Dover Rug & Home Opens Boston Showroom   Full Article
Boston, MA, Sept. 12, 2014 -- Dover Rug & Home has opened a second location in Boston in the Back Bay.

Armstrong Headquarters Gets LEED Recertification   Full Article
Lancaster, PA, Sept. 11, 2014 -- Armstrong World Industries said its corporate headquarters building has been awarded LEED Platinum recertification from the U.S. Green Building Council.

Shaw Contract Names Winners of Design Contest   Full Article
Cartersville, GA, Sept. 11, 2014 -- Shaw Contract Group announced the winners of its annual Design is… competition.

Initial Unemployment Claims Rise Last week   Full Article
Washington, DC, Sept. 11, 2014 -- Initial claims for unemployment benefits rose to 315,000 last week, up from the previous week's revised total of 304,000, according to the Labor Department.

Dal-Tile Holding Groundbreaking for Tennessee Plant   Full Article
Dickson, TN, Sept. 11, 2014 -- Dal-Tile is scheduled to hold an invitation-only groundbreaking ceremony this afternoon for its new $180 million plant in Dickson County, according to the Tennessean newspaper.

Foreclosures Edge Higher in August   Full Article
Irvine, CA, Sept. 11, 2014 -- Foreclosures rose in August the first time in nearly four years, according to tracking firm RealtyTrac.

CFI Presents Awards at Annual Meeting   Full Article
Kansas City, MO, Sept. 11, 2014 -- The Certified Floorcovering Installers recently presented awards at its annual convention.

Tandus Centiva's Ethos Certified Cradle to Cradle   Full Article
Dalton, GA, Sept. 11, 2014 -- Tandus Centiva said it has been Cradle to Cradle Certified Silver for its Ethos modular soft surface products by the Cradle to Cradle Products Innovation Institute.

Wholesale Inventories, Sales Rise in July   Full Article
Washington, DC, Sept. 10, 2014 -- Wholesale inventories ticked up in July by the smallest amount in a year, according to the Commerce Department.

NAHB Praises Legislation to Limit EPA, Army Corps   Full Article
Washington, DC, Sept. 10, 2014 -- The National Association of Home Builders has commended legislation that would limit the authority of the EPA and the U.S. Army Corps of Engineers over "waters of the U.S."

Mortgage Applications Decline Last Week   Full Article
Washington, DC, Sept. 10, 2014 -- Mortgage application volume fell last week as interest rates rose for the first time in four weeks, according to the Mortgage Bankers Association.

Bona Opens Training Center in Dallas   Full Article
Aurora, CO, Sept. 10, 2014 -- Bona US said it has opened a new regional training center in Dallas.