Home builders continue to gain confidence
Baltimore Business Journal
Builder confidence in single-family homes edged higher for the third consecutive month in September, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
The index rose one point to 19 this month, its highest level since May 2008.
“Builders are seeing some improvement in buyer demand as a result of the first-time home-buyer tax credit, and low mortgage rates and strong housing affordability have also helped to revive some optimism,” said Joe Robson, chairman of the National Association of Home Builders.
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Friday, September 18, 2009
J.P. Morgan Lifts View On Home-Builder Sector, Says Worst Over
J.P. Morgan Lifts View On Home-Builder Sector, Says Worst Over
By John Spence / The Wall Street Journal
J.P. Morgan analyst Michael Rehaut on Friday lifted his view on the home-builder sector to positive from negative, saying the housing market has made it through the worst of the correction.
"While fundamentals will likely not demonstrate an uninterrupted solid rate of improvement over the next six to 12 months, we believe that not only is housing solidly past its trough, but over the next 24 months will continue to recover and drive further upside to the current rally in the home-builder stocks," he wrote in a research note.
Rehaut also upgraded Toll Brothers Inc. (TOL) and KB Home (KBH) to overweight from neutral, while cutting M.D.C. Holdings Inc. (MDC) to underweight from overweight.
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By John Spence / The Wall Street Journal
J.P. Morgan analyst Michael Rehaut on Friday lifted his view on the home-builder sector to positive from negative, saying the housing market has made it through the worst of the correction.
"While fundamentals will likely not demonstrate an uninterrupted solid rate of improvement over the next six to 12 months, we believe that not only is housing solidly past its trough, but over the next 24 months will continue to recover and drive further upside to the current rally in the home-builder stocks," he wrote in a research note.
Rehaut also upgraded Toll Brothers Inc. (TOL) and KB Home (KBH) to overweight from neutral, while cutting M.D.C. Holdings Inc. (MDC) to underweight from overweight.
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Friday, July 31, 2009
Economists Predict Home Building Will Recover in 2010
By: Alison Rice / Builder Magazine
July 30, 2009
Construction economists warn builders to brace for higher prices for building materials next year.
This is one time we should be grateful for mixed messages.
According to housing economist Kermit Baker, with some economic indicators up (housing starts) and others down (consumer confidence), “we are getting conflicting signals” about the economy, “which is typically the case when we are near a turning point.”
Baker, chief economist for the American Institute of Architects (AIA) made his remarks last week in a joint teleconference with fellow economists Kenneth Simonson of the Associated General Contractors (AGC) of America and Jim Haughey of Reed Construction Data.
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July 30, 2009
Construction economists warn builders to brace for higher prices for building materials next year.
This is one time we should be grateful for mixed messages.
According to housing economist Kermit Baker, with some economic indicators up (housing starts) and others down (consumer confidence), “we are getting conflicting signals” about the economy, “which is typically the case when we are near a turning point.”
Baker, chief economist for the American Institute of Architects (AIA) made his remarks last week in a joint teleconference with fellow economists Kenneth Simonson of the Associated General Contractors (AGC) of America and Jim Haughey of Reed Construction Data.
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Mixed results for Houston's new homes market
By Nancy Sarnoff, Houston Chronicle / Chron.com
July 30, 2009
The slowdown in this area's new home market continued through the second quarter, with starts and sales down sharply compared to a year ago.
The Houston-area market recorded 5,089 single-family starts during the period, a 38 percent drop compared to the second quarter of 2008, according to data released Thursday from Metrostudy, a Houston-based market- research and consulting firm.
Starts and sales of new homes, however, were up over the first quarter, a positive sign that the stricken real estate market could be moderating.
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July 30, 2009
The slowdown in this area's new home market continued through the second quarter, with starts and sales down sharply compared to a year ago.
The Houston-area market recorded 5,089 single-family starts during the period, a 38 percent drop compared to the second quarter of 2008, according to data released Thursday from Metrostudy, a Houston-based market- research and consulting firm.
Starts and sales of new homes, however, were up over the first quarter, a positive sign that the stricken real estate market could be moderating.
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Energy efficiency incentives likely to grow
By Kenneth R. Harney / Los Angeles Times
July 26, 2009
Reporting from Washington -- You're probably familiar with some of the federal government's incentives for home energy efficiency -- heftier tax credits for solar panels, solar water heaters, geothermal heat pumps, heavy-duty insulation, windows, air conditioning and the like.
But these are just the beginning of an unprecedented push by the government that's getting underway for energy conservation in housing.
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July 26, 2009
Reporting from Washington -- You're probably familiar with some of the federal government's incentives for home energy efficiency -- heftier tax credits for solar panels, solar water heaters, geothermal heat pumps, heavy-duty insulation, windows, air conditioning and the like.
But these are just the beginning of an unprecedented push by the government that's getting underway for energy conservation in housing.
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Thursday, May 21, 2009
Bright Spot in Down Housing Data
By JUSTIN LAHART MAY 19, 2009
New-home construction in the U.S. fell to a new low last month. But an increase in the construction of single-family homes suggests the slump in home building is drawing to a close.
In April, the pace of construction starts fell to an annual rate of 458,000 new homes, a 12.8% drop from March. That was the lowest level since 1959, when the Commerce Department began tracking the figures.
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New-home construction in the U.S. fell to a new low last month. But an increase in the construction of single-family homes suggests the slump in home building is drawing to a close.
In April, the pace of construction starts fell to an annual rate of 458,000 new homes, a 12.8% drop from March. That was the lowest level since 1959, when the Commerce Department began tracking the figures.
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U.S. Home Starts Probably Rose in April From Near-Record Lows
By Bob Willis
May 19 (Bloomberg) -- Builders probably broke ground on more homes in April after starts plunged to a near-record-low level the month before, amid signs the housing slump now in its fourth year may be reaching a bottom.
Housing starts increased 2 percent to an annual rate of 520,000 last month, according to the median forecast of economists surveyed by Bloomberg News. Building permits, an indication of future activity, probably rose 2.7 percent to a 530,000 level, the survey showed.
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May 19 (Bloomberg) -- Builders probably broke ground on more homes in April after starts plunged to a near-record-low level the month before, amid signs the housing slump now in its fourth year may be reaching a bottom.
Housing starts increased 2 percent to an annual rate of 520,000 last month, according to the median forecast of economists surveyed by Bloomberg News. Building permits, an indication of future activity, probably rose 2.7 percent to a 530,000 level, the survey showed.
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