The monthly NAHB/Wells Fargo Housing Market Index (HMI) survey includes a set of “special” questions on a topic of current interest to the housing industry. In June 2017, the special questions asked builders about the supply and price of developed lots. Sixty-four percent of builders reported that the overall supply of developed lots in their areas was low to very… Read More ›

The Remodeling Market Index (RMI) dropped 3 points to 55 in the second quarter of 2017, according to the National Association of Home Builders (NAHB). Although the RMI posted a decrease, it has been at or above 50 for 17 consecutive quarters. A reading above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter)… Read More ›

Total housing starts bounced back in June after a weak May. Total starts increased 8.3% to a  1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. Monthly increases were recorded for both single-family and multifamily development. Single-family starts moved forward, increasing to an 849,000 annual rate in June. The February annualized… Read More ›