Newsletter

9/21: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY

September home builder confidence index rebounds 1 point to 76

Ending a three-month decline, builder sentiment in the market for newly built single-family homes edged up one point to 76 in September. The HMI index gauging current sales conditions rose one point to 82, the component measuring traffic of prospective buyers posted a two-point gain to 61 and the gauge charting sales expectations in the next six months held steady at 81.

https://www.nahb.org/news-and-economics/industry-news/press-releases/2021/09/builder-confidence-steadies-as-material-and-labor-challenges-persist

 

Consumer sentiment index rebounds 1.0 percent in September, but still down 11.7 percent year-on-year

The steep August falloff in consumer sentiment ended in early September, with the index rising by 1 percent between the two months, but the small gain still meant that consumers expected the least favorable economic prospects in more than a decade, down 11.7 percent year-on-year. The decline in assessments of buying conditions for homes, vehicles, and household durables left all three near all-time record lows, with the declines due to spontaneous references to high prices.

http://www.sca.isr.umich.edu/

 

Housing market cools off in August as inventory rises and price hikes moderate

Rapid housing cost growth cooled somewhat in August, paving the way for a still-strong but potentially more manageable housing market come fall. Inventory that continues to rise and a growing share of listed homes cutting their price are giving buyers more options and less stress.

https://www.zillow.com/research/august-2021-market-report-30110/

Sign Up For our FREE eNewsletters Now!
If you'd like a FREE PRINT Subscription, CLICK HERE

Please enable JavaScript in your browser to complete this form.
Name
Send Me:
I agree to receive Builder Media magazines and newsletters digitally, along with occasional messages from some industry trade partners.