Historic Homebuilder Sentiment Climbs 21 Points

Homebuilder sentiment jumped an historic striking 21 points in June to 58. Fast Stats – Builder Sentiment ■ Northeast increased to 48 points from 31 ■ South increased to 62, up 20 points ■ Midwest increased to 51, up 19 points ■ West increased to 66, up 22...

Construction Permits Surge

Overall permits surged to a 13-year high to a seasonally adjusted annual rate of 1.57 million units according to a report from the U.S. Housing and Urban Development and Commerce Department. During this housing recovery, single-family housing starts have surpassed one...

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...