Last month, I attended NAHB’s midyear meeting in Miami and had the pleasure of sitting in on a presentation by Daniel Swift, president and CEO of Des Moines-based architecture group BSB Design.
Industry Data & Research
Industry data and research for professional home builders and remodelers.
Compared with the second quarter of 2013, the single-family index increased three points to a level of 56, which is the highest second-quarter reading since the inception of the index in 2008.
The residential construction sector added 13,000 jobs in July from a month earlier.
Sales of newly built, single-family homes fell 8.1 percent to a seasonally adjusted annual rate of 406,000 units in June.
The Remodeling Market Index (RMI) rose three points to 56 in the second quarter of 2014, regaining the momentum built in 2013.
Builder confidence in the market for newly-built single-family homes reached an important milestone in July, rising four points to a reading of 53 on the Housing Market Index.