Posts Tagged Home construction

Feb. NAHB builder gauge hits more than 4-year high – Marketwatch


By Steve Goldstein

WASHINGTON (MarketWatch) – Home builder confidence in the market for new single-family homes climbed in February for the fifth straight month to reach the highest level in more than four years, according to a survey released Wednesday. The National Association of Home Builders/Wells Fargo housing market index rose to 29 in February from 25 in January, meaning the gauge has more than doubled since September. Economists polled by MarketWatch had expected a reading of 26. Though that’s still far below the level considered “good” – the seasonally adjusted gauge needs a reading of 50 to do that, which hasn’t been the case since April 2006 – it does indicate improving sentiment for builders. The home-builder gauge tracks closely with single-family housing starts, with the January data from that series due for release from the Commerce Department on Thursday.

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NAHB home-builder gauge jumps 4 points to 18 – Marketwatch


By Steve Goldstein

Fixes to reflect that April 2010 was when the
homebuyer tax credit ended.

WASHINGTON (MarketWatch) – Home-builder confidence in October rose by the
largest amount since the ending of the now-expired home-buyer tax credit
program, though the gauge remains mired at historically weak levels, according
to an index released Tuesday. The National Association of Home Builders/Wells
Fargo housing market index rose by four points to 18, the biggest one-month gain
since April 2010. The index, which measures builder confidence in the market for
new-built single-family homes and is closely correlated with single-family
housing starts data, came in stronger than the 14 reading seen by a
MarketWatch-compiled economist poll. That said, the index – designed so that a
reading of 50 is consistent with a “good” assessment – is still not back to
pre-recession levels. The index hasn’t been above 50 since April 2006

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