National Outlook

Spring Ahead

Happy Spring. In our calls with builders these days, we’re hearing optimism, particularly on Mondays, when a lot of executive teams take stock of how sales did over the weekend. New communities are opening, construction has begun, and if the weather cooperates, builders will have their work cut out for them to deliver homes when they’re promised, thanks to a labor squeeze. The National Association …

New-Home Sales Jump in February

Builder / March 27, 2017 Sales of new single-family houses in February 2017 were at a seasonally adjusted annual rate of 592,000, a 6.1% jump from January and 12.8% ahead of the pace of February last year, the Census Bureau and Department of Housing and Urban Development reported Thursday morning. Analysts polled by Bloomberg were expecting a more modest rate of 565,000. The median sales price of …

BUILDER CONFIDENCE HITS 12-YEAR HIGH

NAHB Chair: “Builders are buoyed.” Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71, the highest reading since June 2005, on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), the NAHB reported Wednesday. “Builders are buoyed by President Trump’s actions on regulatory reform, particularly his recent executive ord …

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Local View

Austin Builders and Developers Mix it up at HomeBrew

Austin-area builder and developer members mixed and mingled at the inaugural HomeBrew event, held March 2 on the upstairs patio of The Dogwood at Rock Rose in The Domain.  Though there was no formal program, attendees participated in a game in which they anonymously shared history and predictions about lot pricing in key submarkets.  According to Regional Director Vaike O’Grady, “This was  a fun w …

SOUTH FLORIDA HOUSING 4Q16: Starts & Closings Decline QoQ; Vacant Inventory Up 23% YoY, But Lot Deliveries Decline 66% YoY

2Q16 Quarterly New Home Starts Up 0.6% YoY & Annual Starts Up 8% YoY. Quarterly Closings Down 12% YoY & Annual Closings Down 1.9% YoY. Broward County saw strong quarterly starts growth of 21%, but starts in Miami-Dade, Palm Beach and Treasure Coast Counties declined QoQ. Metrostudy’s 4Q16 survey of the South Florida housing market showed new home starts numbered 1,822 for the quarter, down …

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