Archive for April, 2014

Recovery housing market still has a pulse

April 2, 2014

Confidence among home builders rose in May U.S. because sales conditions improved , suggesting that the recovery of the housing market still has momentum , showed data released Wednesday by the National Association of Home Builders (NAHB , for its acronym in English ) .

The Housing Market Index NAHB / Wells Fargo rose to 44 in May from a downwardly revised reading of 41 in April , and exceeded the forecast of 43 analysts .

Last month ‘s figure was originally reported as 42.

May Progress made ​​measuring confidence closer to the 50 mark that indicates more builders view market conditions as favorable as poor.

Although the index has not been above 50 since April 2006 , has improved with the broader housing market and has advanced 16 points compared to a year ago .
The real estate market began to shift last year and is projected to a tight inventory help keep up the house prices .

” Builders are feeling a greater sense of urgency among potential buyers as a result of a shortage of inventory of homes for sale, mortgage rates continued accessible and strengthening local economies,” said NAHB Chairman Rick Judson , in a statement.

The component family homes jumped to 48 from 44 in May. Measuring sales expectations of houses for the next six months rose to 53 from 52, while traffic of prospective buyers rose to 33 from 30.