http://www.hgtvpro.com The latest economic indicators for the home building industry. en-us Wed, 09 Jul 2008 02:07:20 GMT Wed, 09 Jul 2008 02:07:20 GMT http://blogs.law.harvard.edu/tech/rss 60 Fastfwd Rss_Export v1.0 http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5893902,00.html Sales of new single family houses declined 2.5 percent in May, to a seasonally adjusted annual rate of 512,000. The data was released today by the U.S. Census Bureau and the Department of Housing and Urban Development. It is also 40.3 percent below new homes sales at this time last year. Thu, 26 Jun 2008 04:00:00 GMT http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5893902,00.html http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5893904,00.html The Conference Board Consumer Confidence Index, which had declined in May, declined even further in June. The Index now stands at 50.4, down from 58.1 in May. The Present Situation Index decreased to 64.5 from 74.2. The Expectations Index declined to 41.0 from 47.3 in May. Thu, 26 Jun 2008 04:00:00 GMT http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5893904,00.html http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889581,00.html Builder confidence in the market for newly built single-family homes edged down in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index slipped to 18 this month, returning to the record low that was posted in December of 2007. Thu, 19 Jun 2008 04:00:00 GMT http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889581,00.html http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889583,00.html Privately-owned housing starts in the U.S. fell 3.3 percent in May, to a seasonally adjusted annual rate of 975,000, 3.3 percent below the revised April rate of 1,008,000. It is 36.3 percent below the same period last year. Single family starts fared slightly better, falling just 1 percent, to a seasonally adjusted rate of 674,000. Thu, 19 Jun 2008 04:00:00 GMT http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889583,00.html http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889591,00.html The Washington Post is publishing what it calls the first comprehensive narrative explaining the recent U.S. housing market collapse. Wed, 18 Jun 2008 04:00:00 GMT http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889591,00.html http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889592,00.html James M. Weichert, president and founder of Weichert Realtors, one of the nation's largest privately-held real estate companies told the company's nearly 18,000 sales associates and roughly 2,000 employees that "we have reached the bottom of the housing market and will soon begin to see improvements." Wed, 18 Jun 2008 04:00:00 GMT http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889592,00.html http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889600,00.html The housing downturn continues to have 'legs', and most of the statistical data reported so far in 2008 are discouraging, according to Fitch Ratings. The spring selling season was a 'bust'. Although it does not appear likely that the year-over-year declines in major metrics such as starts, new home sales, and existing home sales will continue at the current pronounced pace throughout this year, the decreases are likely to be greater than Fitch's prior projections. Perhaps mor Wed, 18 Jun 2008 04:00:00 GMT http://www.hgtvpro.com/hpro/nws_econ_fin_econ_ind/article/0,2624,HPRO_26527_5889600,00.html