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The Housing Market Index (HMI) release today by the National Association of Home Builders (NAHB)/Wells Fargo remained virtually unchanged for the sixth month in a row. The index which measures home builders' confidence in the market for newly built, single-family houses, slid by a single point in September to 14. It has moved within the 13 to 16 point range since mid-winter. The HMI is derived from a monthly survey of new home builders which asks them to assess both current new home sales and their...

Confidence amongst home builders moved up slightly from an all-time low in February, according to a report issued by Wells Fargo and the National Association of Home Builders (NAHB) on Tuesday. The housing market index rose to 9 in February, following...

Plans for constructing new homes in the United States fell to its lowest level on record in November, as the annualized pace of building plans dropped well beyond expectations with a near-20% decline in a single month. U.S. housing starts plummeted to...

A report from Wells Fargo and the National Association of Home Builders (NAHB) suggests that confidence amongst homebuilders has improved in September as the housing market index, which measures builder confidence, ticked up 2 points to 18. The index...

Greenspan said that he expects housing prices to begin to stabilize in the first half of 2009 although they could continue to drift lower for quite some time thereafter, even after essentially reaching bottom.

Greenspan, however, is not changing his long-standing belief that Freddie Mac and Fannie Mae represent the root of all evil...

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A report from Wells Fargo and the National Association of Home Builders (NAHB) suggests that homebuilders were even more pessimistic in June as the housing market index fell a single point to 18, matching the historic low of the 22-year index reached last December.

The previous month's single-point drop to 19 broke a three-month trend at the 20 level.

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Home builders, who have been feeling the squeeze on the selling side of their business for months, are now reporting that they are caught in a crunch on the development side as money for land acquisition, development, and home construction is drying up.

Mitchell told the senators that there is no secondary market for residential construction money to which local lenders could turn for additional liquidity...

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The chief economists of the National Association of Realtors� (NAR) on Thursday predicted that sales of existing homes will probably remain flat through late spring and then begin a gradual recovery during the second half of 2008.

Lawrence Yun made the forecast based on the release of NAR's Pending Home Sales Index (PHSI) for January.

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