The year 2016 was an eventful one for home building.
The Home Builders association filed an injunction against ruling made by the U.S. Environmental Protection Agency and the Army Corps of Engineers that designated a dry riverbed a navigable waterway.
Two out of three of the HMI's component indexes were unchanged in March, with the index gauging current sales conditions holding at 7 and the index gauging sales expectations in the next six months holding at a record-low 15. Meanwhile, the index gauging traffic of prospective buyers declined two points to 9.
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Implementation of a new federal law to assist stalled during transition between administrations in Washington.
All prior defaults under the builder's senior credit facility were either waived or cured.
The NAHB has launched a newly-designed web site that provides detailed information about the $8,000 tax credit for first-time home buyers
Updates on industry news and nationwide markets