DFW residential real estate » Market news » Market fundamentals
DFW Housing Market News and Trends
| USUALLY, GOOD NEWS FOR HOME BUYERS: Builder Confidence Continues on Upward Trend. Unfortunately, however, actual new home starts do not always keep pace with increases in the NAHB index. | ||
In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the second highest HMI reading since the downturn. Any number over 50 indicates that more builders view conditions as good than poor. Two of the three HMI components registered gains in May. The index charting sales expectations in the next six months jumped four points to 79 while the index gauging current sales conditions increased two points to 76. Meanwhile, the component measuring buyer traffic edged one point down to 51. The three-month moving averages for HMI scores posted gains in three out of the four regions. The Northeast and South each registered three-point gains to 49 and 71, respectively, while the West rose one point to 78. The Midwest was unchanged at 68. |
||
Posted on Tuesday, May 15th, 2017 at 12:46 pm by H. David Ballinger |
||
Looking for the best real estate agent to assist you in buying a home in the Dallas suburbs?
If you are looking for a professional, business-savvy buyer's agent, please call 214 725-4011 or send me an email and let's talk about how we can assist you. If you will be traveling from outside the DFW area and want us to show you houses while you are here, please call before finalizing your plans.