HMI Soars 29 Percent Y-O-Y

The National Association of Homebuilders released its recent results for the month of January 2020. The housing market index (HMI) came in at 75; this compares with the reported index for December of 76. The difference of one single point in the course of the market...

Finally, Meadowlands Complex to Open

The date is set for October 25th, 2019. The American Dream ENT-Complex is seen to be the second largest water park in the world, as well as the world’s largest hydromagnetic water coaster, which will have a 1.5 acre wave pool able of generating 2- to 6-foot waves. The...

NAHB Reports Single Family Starts Up 4% in 2018

PRESS RELEASE NAHB analysis of the Survey of Construction (SOC), nationally, there were 881,076 new single-family units started in 2018, 4% higher than the units started in 2017. It was the double of the units started in 2011, and still 49% less than the peak of 2007...

New Home Sales Up

Sales of new homes were up slightly, by 0.8% year-over-year, in 2Q, reversing the trend in the previous two quarters, when new-home sales dropped, while existing home sales were down 0.7% in 2Q. The supply of new homes was down 1%, representing the biggest annual...

Housing Starts Fall 4.7 Percent

Building Permits Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,294,000. This is 0.3 percent (±1.3 percent)* above the revised April rate of 1,290,000, but is 0.5 percent (±1.4 percent)* below the May...