The Week Ahead: Home Builders Weigh in

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Previous: Bettering Mortgage Link by Link Next: Prober & Raphael President Dean Prober Passes Away in Daily Dose, Featured, Headlines, News The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles On Thursday at 10 a.m. EST, the National Association of Home Builders will release their latest monthly installment of the Housing Market Index (HMI). The monthly HMI index gauges builder perceptions of current single-family home sales and sales expectations for the next six months on a scale of good, fair, or poor. The survey also asks NAHB members to rate traffic of prospective buyers. Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good rather than poor.Builder confidence hit an 18-year high of 74 points in December before dropping slightly in January to 72. Despite this fall, builders remained confident about the year ahead as demand for housing rises along with an overall strong economy.”Builders are confident that changes to the tax code will promote the small business sector and boost broader economic growth,” said Randy Noel, Chairman of NAHB. We’ll see how well that confidence is holding when the NAHB releases their latest HMI on Thursday.Here’s what else is happening in The Week Ahead.Treasury Budget, Monday, 2 p.m. ESTConsumer Price Index, Tuesday, 8:30 a.m. ESTMBA Mortgage Applications, Wednesday, 7 a.m. ESTAtlanta Fed Business Inflation Expectations, Wednesday, 10 a.m. ESTPhiladelphia Fed Business Outlook Survey, Thursday, 8:30 a.m. ESTU.S. Census Bureau Housing Starts Survey, Friday, 8:30 a.m. EST Tagged with: Builder Confidence HMI Housing Market Index NAHB National Association of Home Builders the week ahead Servicers Navigate the Post-Pandemic World 2 days ago March 11, 2018 1,275 Views Share Save The Week Ahead: Home Builders Weigh in Home / Daily Dose / The Week Ahead: Home Builders Weigh in Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Builder Confidence HMI Housing Market Index NAHB National Association of Home Builders the week ahead 2018-03-11 David Wharton The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribelast_img