{"id":63859,"date":"2012-07-24T10:59:28","date_gmt":"2012-07-24T10:59:28","guid":{"rendered":"http:\/\/whatsthepointofaventura.com\/2012\/07\/24\/high-score-builder-confidence-rises-six-points-in-july\/"},"modified":"2019-04-23T20:50:04","modified_gmt":"2019-04-23T20:50:04","slug":"high-score-builder-confidence-rises-six-points-in-july","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/","title":{"rendered":"High Score: Builder Confidence Rises Six Points in July"},"content":{"rendered":"<h3><span style=\"color: #0000ff;\">High Score: Builder Confidence Rises Six Points in July<img loading=\"lazy\" class=\"alignright size-full wp-image-4440\" title=\"Housing Market Confidence\" src=\"http:\/\/whatsthepointofaventura.com\/files\/2012\/07\/Housing-Market-Confidence.jpg\" alt=\"Housing Market Confidence\" width=\"336\" height=\"240\" \/><\/span><\/h3>\n<p>Builder confidence in the market for newly built, single-family homes rose six points to 35 on the <strong>National Association of Home Builders\/Wells Fargo Housing Market Index (HMI)<\/strong> for July, released recently. This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point since March of 2007.<\/p>\n<p>\u201cBuilder confidence increased by solid margins in every region of the country in July as views of current sales conditions, prospects for future sales and traffic of prospective buyers all improved,\u201d says Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. \u201cThis is greater evidence that the housing market has turned the corner as more buyers perceive the benefits of purchasing a newly built home while interest rates and prices are so favorable.\u201d<\/p>\n<p>\u201cCombined with the upward movement we\u2019ve seen in other key housing indicators over the past six months, this report adds to the growing acknowledgement that housing \u2013 though still in a fragile stage of recovery \u2013 is returning to its more traditional role of leading the economy out of recession,\u201d notes NAHB Chief Economist David Crowe. \u201cThis is particularly encouraging at a time when other parts of the economy have begun to show softness, and is all the more reason that<!--more--> the challenges constraining housing\u2019s recovery \u2013 namely overly tight lending conditions, poor appraisals and the flow of distressed properties onto the market \u2013 need to be resolved.\u201d<\/p>\n<p>Derived from a monthly survey that NAHB has been conducting for the past 25 years, the NAHB\/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as \u201cgood,\u201d \u201cfair\u201d or \u201cpoor.\u201d The survey also asks builders to rate traffic of prospective buyers as \u201chigh to very high,\u201d \u201caverage\u201d or \u201clow to very low.\u201d Scores from each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.<\/p>\n<p>Every HMI component recorded gains in July. The components gauging current sales conditions and traffic of prospective buyers each rose six points, to 37 and 29, respectively, while the component gauging sales expectations for the next six months rose 11 points to 44.<\/p>\n<p>Likewise, every region posted HMI gains in July. The Northeast registered an eight-point gain to 36, while the Midwest gained three points to 34, the South gained five points to 32 and the West gained 12 points to 44.<\/p>\n<p>For more information, visit www.nahb.org\/hmi and www.housingeconomics.com.<\/p>\n<p>I hope this information is useful to you.  Please contact me for all your South Florida real estate needs at (305) 329-4929 or solovay.m@ewm.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High Score: Builder Confidence Rises Six Points in July Builder confidence in the market for newly built, single-family homes rose six points to 35 on the National Association of Home Builders\/Wells Fargo Housing Market Index (HMI) for July, released recently. This is the largest one-month gain recorded by the index in nearly a decade, and<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5555,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>High Score: Builder Confidence Rises Six Points in July - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High Score: Builder Confidence Rises Six Points in July - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"High Score: Builder Confidence Rises Six Points in July Builder confidence in the market for newly built, single-family homes rose six points to 35 on the National Association of Home Builders\/Wells Fargo Housing Market Index (HMI) for July, released recently. This is the largest one-month gain recorded by the index in nearly a decade, andRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-24T10:59:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:50:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Solovay\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Solovay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/\"},\"author\":{\"name\":\"Michael Solovay\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/52904e6d94c0a7e01f3c4f4eb51fb721\"},\"headline\":\"High Score: Builder Confidence Rises Six Points in July\",\"datePublished\":\"2012-07-24T10:59:28+00:00\",\"dateModified\":\"2019-04-23T20:50:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/\"},\"wordCount\":464,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/high-score-builder-confidence-rises-six-points-in-july\/\",\"name\":\"High Score: Builder Confidence Rises Six Points in July - 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