The Central Indiana new-construction market continues to improve. The National Association of Homebuilders (NAHB) Housing Market Index ended its 8-month winning streak this month.
For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 — an increase of more than 100% from one year ago and the highest HMI value since February 2007.
For the second time in three months, the National Association of Homebuilders reports that the Housing Market Index made sizable gains.
Never before in recorded history have so many homes been affordable to households earning a moderate annual income.
After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29.
The economic and housing recovery continues nationwide, but the recovery remains an uneven one.
Home builder confidence in the newly-built, single-family housing market remains high.
Home affordability moved higher last quarter, boosted by the lowest mortgage rates in history, a rise in median income, and slow-to-recover home prices.