Monthly Archives: November 2012

Homebuilder Confidence Spikes to a 6 Year High

The National Association of Home Builders (NAHB) released its Housing Market Index (HMI)¬†which showed sharp, 5-point increase to 46 for November 2012, marking the seventh consecutive monthly gain for the HMI, and lifting the index to its highest point since May 2006. Readings under 50 indicate unfavorable housing conditions for builders. Readings over 50 signal […]

Posted in General Information, New Construction | Leave a comment

Housing Momentum Into 2013

The home resales is expected to finish the year with strength. Last month, for the fifth straight month, the Pending Home Sales Index hovered near its benchmark value of 100, registering 99.5 in September. he Pending Home Sales Index tracks homes under contract to sell, but not yet sold, and is published by the National […]

Posted in Existing Home Sales, Home Price Index, New Construction | Leave a comment