Entries in National Association of Home Builders (4)


Housing: Builder Sentiment Improves, but Still Fairly Low

Brand X Pictures/Thinkstock(WASHINGTON) -- A new report from the National Association of Home Builders is the latest sign the worst of the housing slump may be over.

Builder confidence is at a five-year high; the best it’s been since May 2007, according to a report out Tuesday. Permit requests for new homes and apartments are also up.

The numbers, however, are still significantly lower than where they were during the 2004 housing boom

Copyright 2012 ABC News Radio


New Home Sales Plunge

Stockbyte/Thinkstock(WASHINGTON) -- February saw a drop in new home sales and the government says average prices fell, as well.

This is the third straight monthly decline for new home sales and another sign the housing slump is still a big drag on the economy. "The latest numbers for new home sales is a 16-point-nine per cent drop from the January figure. This is a new record low in new home sales at a rate of 250-thousand per year," according to David Crowe of the National Association of Homebuilders.

The number of sales is well under half the amount considered by economists to be a healthy market.

Copyright 2011 ABC News Radio


Housing Numbers Show Big Declines

Stockbyte/Getty Images(WASHINGTON) -- More bad news for the housing market Wednesday, as the Commerce Department says new home construction plunged to the lowest level since April, 2009 -- down to 479,000 homes. "Weather may have had a small amount of this, but it's so broad-based across the whole country that I don't think you can blame a lot of this on weather," said David Crowe, Chief Economist and Senior Vice President at the National Association of Home Builders.

The Commerce Department says one big problem was that new home construction plummeted in February, the second-lowest level on record. "We now have uncertainty about political unrest, we have uncertainty about energy prices, we have uncertainty about what the Congress may do about foreclosures. So I think we've just hit another one of these, 'I don't know what's going to happen, so I'm not going to do anything' periods," said Crowe.

Copyright 2011 ABC News Radio


Home Construction Jumped in January

Photo Courtesy - Getty Images(WASHINGTON) -- Home construction skyrocketed in January, growing at the fastest pace in 20 months, but single-family starts stayed virtually level and the market remains slow-growing.

Apartment building starts leaped by 80 percent and David Crowe, Chief Economist at the National Association of Home Builders in Washington, says this spike is not unusual and is due to the way the survey is done. "Total housing starts were up almost fifteen per cent in January, but that increase was almost entirely due to increases in apartment construction."

Crowe believes the market will stay weak for awhile and says, "Until the consumer has a little more confidence in the future, until there's a more sustained positive growth, then I think the momentum will build and we'll see better housing towards the latter part of this year and into 2012."

Copyright 2011 ABC News Radio

ABC News Radio