Maryland Housing Prices, Recent Homes Sales and Comparative Values
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WASHINGTON, April 24 – Calling green building “the next evolution in residential construction,” the National Association of Home Builders (NAHB) told Congress today that the best way to help small home builders promote residential energy efficiency and sustainability technology in home construction is by extending tax incentives for new energy-efficient homes. Testifying before the House [...]
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WASHINGTON, April 21 – As Earth Day approaches, the National Association of Home Builders (NAHB) encourages home owners everywhere to take simple steps to reduce energy use – and to think green when they buy a new home. “We are all proud of the significant steps our members have taken to make new homes more [...]
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WASHINGTON, April 16 – The mortgage credit crunch has spilled over into land acquisition, land development and home construction (AD&C) lending, increasing the challenges faced by builders in the current housing downturn. “With private securities markets in disarray and banks retrenching, a bona fide credit crunch is underway,” Bob Mitchell, a home builder from Rockville, [...]
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WASHINGTON, April 16 – Builders continued to reduce the pace of new-home construction in March amidst ongoing erosion in the overall economy and credit markets, according to the latest figures released today by the U.S. Commerce Department. Total housing starts fell nearly 12 percent to a seasonally adjusted annual rate of 947,000 units for the [...]
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WASHINGTON, April 15 – Builder confidence in the market for new single-family homes remained unchanged for a third consecutive month in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI held at 20, up marginally from the record low of 18 set in December of 2007 [...]
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WASHINGTON, April 15 – The deepening slump in the nation’s housing markets has seriously eroded consumer sentiment and pushed the economy into a mild recession, according to the chief economist for the National Association of Home Builders (NAHB). “The worse-than-anticipated housing downturn, combined with systematic weakening of the labor market and rapidly rising energy and [...]
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WASHINGTON, March 26 – Sales of new single-family homes fell by 1.8 percent in February to a seasonally adjusted annual rate of 590,000 units, according to newly released numbers from the U.S. Commerce Department. This sales pace was nearly 30 percent below a year earlier and down by 58 percent from the peak in July [...]
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WASHINGTON, March 26 – The National Association of Home Builders (NAHB) today applauded the Office of Federal Housing Enterprise Oversight (OFHEO) for its decision not to decrease conforming loan limits from the current level of $417,000 in 2009 and subsequent years. “OFHEO’s decision to reverse a proposal to establish new guidelines that could have resulted [...]
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WASHINGTON, March 17 – Builder confidence in the market for new single-family homes remained unchanged in March, according to the latest NAHB/Wells Fargo Housing Market Index (HMI), released today. The HMI held firm at 20, which is near its historic low of 18 set in December of 2007 (the series began in January of 1985). [...]
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WASHINGTON, March 11–The Multifamily Condo Market Index (MCMI) ended 2007 on a low note, with the component of the index tracking builder confidence in current conditions standing at 18.8, down nearly 11 points from the same time a year ago, according to the National Association of Home Builders (NAHB). “Given that the condo market became [...]
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