Content about David Crowe

February 7, 2014

Las Vegas -- At last year’s International Builders’ Show, industry economists from the builders’ biggest trade group looked into their crystal balls and made forecasts for housing starts.

How did they do? Short answer: Not bad.

A little more than a year ago, HCN reported the housing start forecast from National Association of Home Builders chief economist David Crowe. Here’s how it stacked up with time and reality:

Total housing starts

November 20, 2013

The National Lumber and Building Materials Dealers Association (NLBMDA) will be hosting its first-ever Dealer Networking Breakfast & Housing Forecast at the 2014 International Builders Show, taking place Feb. 5 in Las Vegas.

Attendees will have an opportunity to network as well as get up to speed with the latest housing forecast, delivered by National Association of Home Builders (NAHB) chief economist David Crowe.

September 19, 2013

While housing starts for August again failed to rise above the 900,000 pace, the National Association of Home Builders celebrated the gain in single-family starts.

July 30, 2013

On July 16, the National Association of Home Builders/Wells Fargo Housing Market Index posted its strongest reading since January 2006.

On the following day came the Commerce Department's residential construction numbers — a disappointing 9.9% decline in the pace of housing starts nationwide.

June 20, 2013

According to recent surveys by the National Association of Home Builders and the National Lumber and Building Material Dealers Association, home builders and lumber dealers are experiencing significant shortages in building materials, a supply constraint that threatens to hamper recent gains in the housing market recovery.

This report comes amid promising May figures for existing-home sales, though the National Association of Realtors cautioned that new home construction rates will not satisfy the growing demand for sales for very long.

June 18, 2013

For the first time since April 2006, builder confidence surged past 50 on the National Association of Home Builders/Wells Fargo Housing Market Index released Tuesday. This benchmark indicates that builder sentiment is mostly positive regarding market conditions.

The eight-point jump to 52 in June also marked the biggest one-month gain since August and September 2002.

Any reading over 50 indicates that more builders view sales conditions as good than poor.

April 8, 2013

While housing starts and building permits continue to trend higher, builder confidence, which often dovetails nicely with housing construction figures, has dipped over the last few months.

So what gives?

According to the National Association of Home Builders (NAHB), which, in conjunction with Wells Fargo, publishes the builder confidence index, waning confidence is not necessarily due to diminishing demand for new homes.

February 21, 2013

An intelligent analysis of 2013 forecasts for the hardware and building material industries must begin with the recognition of a term that has entered the lexicon of economic forecasting and business predicting.

The term is "head fake."

January 23, 2013

Las Vegas -- The National Association of Home Builders sees the residential construction industry gaining momentum in a larger economy that includes a few wild cards.

November 15, 2012

Although home prices are starting to inch up in metro areas around the country, lower interest rates continue to make homes more affordable to median-income families, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

July 17, 2012

Builder confidence in the market for newly built, single-family homes rose six points for July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point -- 35 -- since March 2007.

April 16, 2012

Builder confidence in the market for newly built, single-family homes declined for the first time in seven months this April, sliding three notches to 25 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index. The decline brings the index back to where it was in January, which was the highest level since 2007.

February 10, 2012

Orlando, Fla. -- Perhaps the second half of the seminar title said it all: “How long can the good times last?” A large group of skittish apartment and condo builders attended the multi-family forecast of David Crowe, the chief economist of the National Association of Home Builders (NAHB), here on the second day of the International Builders' Show. What they hoped to hear was that the high demand for rental units will continue to fuel multi-family starts, which continue to outpace single family starts.

February 9, 2012

Orlando, Fla. -- The official housing forecast from the National Association of Home Builders (NAHB) is similar to last year's forecast -- with pent-up demand and improving demographics pointing toward growth in the double-digit percentages.

January 9, 2012

The list of improving U.S. housing markets tracked by the National Association of Home Builders (NAHB) almost doubled in January 2012 with the addition of 40 new metro areas. The NAHB’s First American Improving Markets Index (IMI) now counts 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at least one entry.

February 16, 2011

Bad weather deserves part of the blame for the decline in January single-family housing starts, according to the National Association of Home Builders (NAHB).

Government data released Wednesday morning showed single-family starts for January at a seasonally adjusted annual rate of 413,000, down 1.0% from December. Total starts increased 14.6%. 

February 1, 2011

As a result of too much good material and not enough space, here is a collection of semi-random notes from the International Builders’ Show in Orlando, Fla.  


• Question: Does anybody really pay $99 a day for Internet connection — the asking price at the convention center? 


• I told my cab driver what I was doing in Orlando. 


“That’s funny,” he said. 


“Why?”


January 19, 2011

The housing starts pace of 529,000 was the lowest since October 2009, and consistent with what builders have been saying in recent surveys, according to the National Association of Home Builders (NAHB).

January 17, 2011

Orlando -- The National Association of Home Builders (NAHB) made it very clear during the International Builders' Show that it's prepared to fight for the mortgage interest deduction. 

January 14, 2011

Orlando, Fla. -- The International Builders' Show has become an annual launching pad for housing forecasts, and this year’s numbers came with a healthy dose of guarded optimism. David Crowe, chief economist from event sponsor National Association of Home Builders (NAHB), predicted a 21% increase in single family housing starts in 2011, with 575,000 new units compared to 475,000 in 2010.

January 13, 2011

Orlando, Fla. -- The annual Housing and Economic Outlook at the 2011 International Builders' Show had some relatively good news for attendees.

December 13, 2010

A survey of multi-family builders and property managers by the National Association of Home Builders (NAHB) indicates an improvement in housing starts and a decline in vacancies compared with the previous quarter, both of which spell positive news for apartment and condo builders across the United States.

The NAHB Multifamily Production Index (MPI) increased to a value of 35.6 for the third quarter of 2010, up from the 26.6 level reported for the second quarter. This is the highest the MPI has been since 2007.

October 3, 2010

The National Association of Home Builders (NAHB) interpreted the 10.5% rise in August housing starts...

September 21, 2010

The National Association of Home Builders (NAHB) interpreted the 10.5% rise in August housing starts...

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