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What’s Ahead For Mortgage Rates This Week – November 23, 2020

November 23, 2020 by Kim Abbott

Last week’s economic reporting included readings on housing market conditions, sales of previously owned homes, and housing starts and building permits issued. Weekly reports on mortgage rates and jobless claims were also released. NAHB: Homebuilder Confidence Hits Record High in November The National Association of Home Builders reported a fourth consecutive record high for builder confidence as November’s index reading of 90 exceeded October’s reading of 80. Any reading over 50 indicates that most home builders are confident about housing markets. Component readings for the … [Read more...]

Filed Under: Financial Reports Tagged With: Economic News, NAHB, unemployment claims

NAHB: Home Builder Confidence Near 1999 High

February 20, 2020 by Kim Abbott

The National Association of Home Builders reported a housing market index reading of 74 in February; the index reading was one point lower than for January and was only two points below the highest reading of 76 reported in December. Readings over 50 indicate that most builders consider housing market conditions to be positive. Factors contributing to builder confidence included strong housing markets and low mortgage rates; job growth and higher wages also boosted builder confidence. Low Inventory Influences Home Prices Low inventories of available homes continued to drive demand and rising … [Read more...]

Filed Under: Market Outlook Tagged With: Market Conditions, Market Trends, NAHB

What’s Ahead For Mortgage Rates This Week – January 21st, 2020

January 21, 2020 by Kim Abbott

Last week’s economic reports included the National Association of Home Builders Housing Market Index along with readings on consumer sentiment and weekly reports on mortgage rates and new jobless claims. NAHB: Builder Confidence d in Housing Markets Drops 1 Point in January Homebuilder confidence in overall housing market conditions dropped one point in January, but analysts said that a new trade deal would likely benefit builder interests. The National Association of Home Builders Housing Market Index dropped to an index reading of 75 from December’s reading of 76; … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Reports, Interest Rates, NAHB

What’s Ahead For Mortgage Rates This Week – December 23rd, 2019

December 23, 2019 by Kim Abbott

Last week’s economic reports included readings from the National Association of Home Builders on housing markets; the National Association of Realtors® released data on sales of previously-owned homes and the Commerce Department released readings on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released. NAHB: Builder Confidence Rises in December According to the National Association of Home Builders, builder confidence in housing market conditions rose in December to an index reading of 76 as compared to … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Reports, Mortgage Rates, NAHB

NAHB: Home Builders Remain Confident

September 18, 2019 by Kim Abbott

The National Association of Home Builders Housing Market Index shows steady builder confidence in housing market conditions. September's index reading of 68 was one point higher than August's reading. Any reading over 50 indicates that most home builders surveyed view housing market conditions as favorable. August's original index reading was adjusted upward by one point. Component readings for the Housing Market Index were mixed. Builder confidence in current market conditions rose two points to index reading of 75; this was the highest reading year-over-year. Builder confidence in home sales … [Read more...]

Filed Under: Market Outlook Tagged With: Market Outlook, Market Trends, NAHB

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