Content about Bob Nielsen

February 7, 2012

Builder confidence in the 55+ housing market for single-family homes rose four points to 18 compared with the same period a year ago, according to a poll released by the National Association of Home Builders (NAHB).

January 9, 2012

The list of improving U.S. housing markets tracked by the National Association of Home Builders (NAHB) almost doubled in January 2012 with the addition of 40 new metro areas. The NAHB’s First American Improving Markets Index (IMI) now counts 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at least one entry.

December 19, 2011

Builder confidence in the market for newly built, single-family homes rose two points to 21 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December. This marks the third consecutive month in which builder confidence has improved, and brings the index to its highest point since May 2010. 

October 27, 2011

Sales of newly built, single-family homes increased 5.7% to a seasonally adjusted annual rate of 313,000 units in September, according to data from the U.S. Commerce Department. This marks the fastest pace of new-home sales in the past five months. 

July 19, 2011

Nationwide housing starts rose 14.6% to a seasonally adjusted annual rate of 629,000 units in June, according to the latest residential construction report from the U.S. Commerce Department. This was the highest pace of housing production since the beginning of the year, and was attributable to significant gains registered in both the single-family and multi-family segments, as well as every region of the country.

May 18, 2011

As housing starts fell 10.6% in April to a seasonally adjusted annual rate of 523,000 units, the National Association of Home Builders said the numbers point to a lack of confidence in the housing market.

“While mortgage rates are low and house prices are as affordable as they’ve been in a generation, the decline in April’s housing starts is indicative of the low level of confidence that consumers have in the housing market,” said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev.

April 19, 2011

The National Association of Home Builders (NAHB) has asked members to contact Congress in support of legislation to open up lines of credit for new-housing production.

The association sent an alert to members, encouraging them to ask their representatives to co-sponsor the Home Construction Lending Regulatory Improvement Act.

March 16, 2011

Inexplicably, housing starts took a dive in February, according to data released Wednesday by the Department of Commerce.

Privately owned housing starts in February were at a seasonally adjusted annual rate of 479,000; that's 22.5% below the upwardly revised January estimate of 618,000. It's also 20.8% below the February 2010 rate of 605,000.

February 16, 2011

Bad weather deserves part of the blame for the decline in January single-family housing starts, according to the National Association of Home Builders (NAHB).

Government data released Wednesday morning showed single-family starts for January at a seasonally adjusted annual rate of 413,000, down 1.0% from December. Total starts increased 14.6%. 

February 15, 2011

Builder confidence in the market for newly built, single-family homes stayed at the same level for the fourth consecutive month in February, according to the latest National Association of Home Builders (NAHB)/Wells Fargo House Market Index (HMI).

January 19, 2011

Builder confidence in the market for newly built, single-family homes stayed at the same level in January as the two previous months, according to the latest National Association of Home Builders (NAHB)/Wells Fargo House Market Index (HMI).

The seasonally adjusted index, which remains flat at 16, is based on a survey of 420 builders across the country. Numbers above 50 generally indicate that builders are optimistic about market conditions.  

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