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Data & Forecasts
Looking for the HBA's latest splash in the local news? Or for local HBA members making news? Need to know the latest economic data and residential construction forecasts? Whether you're an industry professional, a curious consumer, or a member of the media, you've come to the right place!
HBA Home Show Opens Friday: See it ALL in One Place!
The Home Builders Association of Greater Springfield will open the doors to its annual Home Show in just one week, promising a big helping of what’s new, along with the tried and true favorites. The 2012 HBA Home Show has everything to inspire your next home improvement or building project – all under one roof. Attendees of the 2012 HBA Home Show (which …
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New-Home Sales Rise for Third Consecutive Month in November
Sales of newly built, single-family homes edged up 1.6 percent to a seasonally adjusted annual rate of 315,000 units in November, according to newly released figures by the U.S. Commerce Department. This marks the third consecutive monthly gain in new-home sales and the fastest pace of such activity since April. “With today’s report, we have now seen three straight months …
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The Importance of Home Equity Loans for Remodeling: Latest From Eye on Housing Blog
Historically, home equity loans have been an important source of funding for home improvement spending. The following analysis demonstrates this relationship and examines what impact recent declines in home equity loan use have had on the remodeling sector, as well as the positive effects of the residential energy-efficient tax credits. In particular, as home equity withdrawal declined during the Great …
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Housing Affordability Hits Near-Record 72.9 Percent in Third Quarter
Buoyed by stabilizing home prices and sustained low interest rates, nationwide housing affordability during the third quarter of 2011 hovered near its highest level in at least two decades, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI), released this week. The HOI indicated that a near-record 72.9% of all new and existing homes sold in the third quarter of this year …
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HBA President Bailey Describes ‘New Normal’ in Buffalo Reflex
Home Builders Association of Greater Springfield President Matt Bailey recently was featured in a Buffalo Reflex article that assessed the current state of the area’s housing economy. To read the full article on buffaloreflex.com, click here. ——————————— The New Normal Matt Bailey of The Bailey Company has adjusted to the building market by switching to remodeling instead of new-home construction. …
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New-Home Sales Rose 5.7% in September
Sales of newly built, single-family homes posted a 5.7% gain to a seasonally adjusted annual rate of 313,000 units in September — their fastest pace in five months — according to government data released Oct. 26. Sales gained 11.2% in the South and 9.7% in the West, but dropped 4.2% in the Northeast and 12.2% in the Midwest. While some in the …
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NAHB Housing Forecast: Still Cloudy, With Gradual Brightening
NAHB Chief Economist David Crowe told participants in this week’s Construction Forecast webinar that the outlook for the housing business is solidly dependent upon improvements in the broader economy and job market that have been disappointingly slow in materializing, and acknowledged that his forecast is now somewhat less optimistic than it was at the start of this year. A primary hitch has been consumer confidence, which, along …
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Home Builder Confidence Rises Four Points in October
October 18, 2011 - Builder confidence in the market for newly built, single-family homes rose four points to 18 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, which was released today. This is the largest one-month gain the index has seen since the home buyer tax credit program helped spur the market in April of …
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KY3: Future Looks Bright for New Housing in Southwest MO
Even amid lackluster national housing numbers, home building in the Ozarks (while certainly affected by the economic downturn) has reason for optimism. Joe Zanola (Zanola Company and MarketGraphics Research Group) presented his annual fall construction forecast at a meeting of the members of the Home Builders Association of Greater Springfield on Tuesday, September 20, 2011. KY3‘s Jay Scherder covered the …
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Housing Shows Some Positive Signs Despite Soft Economy
Providing yet more evidence of the weak state of the U.S. economy, employment growth slowed to a trickle in May and June, with an average monthly net increase of only 21,500 jobs — well below the 150,000 needed to hold unemployment steady at its current level. Inflationary pressures are easing now that oil prices have ended their rapid rise. Both …
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