Housing Market Review – A Struggle for Rebirth Ahead of Spring (February, 2016)

The last Housing Market Review covered data released in January, 2016. At the time, I warily looked at a nervous market and insisted that the steep decline in the iShares US Home Construction ETF (ITB) and individual home builder stocks presented a great buying opportunity. I was conservative in my expectations including looking out to … Read more

Hard to Blame the Weather for the Drop in Home Builder Sentiment

(This is an excerpt from an article I originally published on Seeking Alpha on February 17, 2015. Click here to read the entire piece.) The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for February came in at 55. The biggest change in the index came from a large drop in the component … Read more

Drop In the Housing Market Index Ends Upward Momentum of the Recovery, Delays Spring Sunshine

(This is an excerpt from an article I originally published on Seeking Alpha on February 19, 2014. Click here to read the entire piece.) The latest Housing Market Index (HMI) from the National Association of Home Builders (NAHB) and Wells Fargo demonstrates a very large and sudden drop in the confidence of home builders in … Read more

Pent-Up Demand Pushes Up Housing Market Index

(This is an excerpt from an article I originally published on Seeking Alpha on December 17, 2013. Click here to read the entire piece.) The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) surged to 58 from 54. The NAHB pointed to pent-up housing demand from the government shutdown as a … Read more

The Housing Market Index: Strong Trends, Correlated Components, and A Weak Northeast

(This is an excerpt from an article I originally published on Seeking Alpha on November 19, 2013. Click here to read the entire piece.) The National Association of Homebuilders (NAHB) just released its November, 2013 report on builder confidence: the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It showed no change from … Read more

The National Association of Homebuilders Offers Sober Assessments of Economic and Political Impacts On the Housing Recovery

(This is an excerpt from an article I originally published on Seeking Alpha on November 4, 2013. Click here to read the entire piece.) The National Association of Homebuilders (NAHB) issued an important summary of recent economic and political news relevant to housing titled “Eye on the Economy: Slowing Sales.” Here are the key points … Read more

More Confirmation of Price and Cost Pressures In Homebuilding

(This is an excerpt from an article I originally published on Seeking Alpha on April 17, 2013. Click here to read the entire piece.) The U.S. core Consumer Price Index (CPI) increased 0.1% month-over-month in March as reported inflation continues to be mild. Housing is one industry that is no longer sticking to the script … Read more