Market Expectations of Builders Climb in April

A survey of home builders in early April indicates that the industry seems to be regaining a surer footing following a couple of unsettled months when consumers were worried over war and the economy and found themselves having to dig out of unusually heavy snowfalls.

NAHB’s Housing Market Index (HMI), a monthly gauge of builder sentiment, remained unchanged in April at a level of 52. But a key component of the index asking builders to make a prognosis for their market over the next six months rose an impressive six points, to a score of 62.

The component gauging current home sales slipped one point to 58 in early April, and the component measuring the traffic of prospective home buyers remained unchanged from a March reading of 35.

Home builders surveyed for the HMI are asked to rate current sales of single-family homes and sales expectations for the coming six months as “good,” “fair” or “poor.” They are also asked to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.”

Any number over 50 indicates that more builders view sales conditions as good, rather than poor.

600450 Market Expectations of Builders Climb in April
Date: 29 April 2003
Source: Fenestration

See more news about:

Others also read

Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
China's largest automobile glass maker Fuyao Glass Industry Group Co, Ltd, won its case against the dumping ruling of the US Department of Commerce (DOC).
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.
Praxair, Inc. (NYSE: PX) today announced that its subsidiary Praxair Canada Inc.'s specialty gases plant in Paris, Ontario, Canada, is one of Praxair's first specialty gases plants in North America to complete the upgrade to ISO 9001:2000, the latest ISO 9000 standard for quality.
KUB Malaysia Bhd has accepted an offer from Nippon Sheet Glass Co Ltd (NSG) to acquire its 15% stake in Malaysian Sheet Glass Bhd (MSG) for RM32.6 million in cash, or RM2.68 per share.

Add new comment