- TRANSCRIPT: Mayoral Candidate Alleges Mayor, Council "Embarassed" by Towing Outcry; Council Allegedly Persecutes Disabled Member for Backing Ordinance
- Marshall University Forensic Science Graduate Program student receives national award
- Marshall School of Medicine establishes new dentistry department
- Law Enforcement Across North Carolina Comes Out in Favor of Syringe Exchange
- Marshall’s dean of CITE receives Outstanding Civil Engineering Educator of the Year for 2015
- Marshall Health expands pediatric office on Route 60
- Detroit drug dealer sentenced to Federal prison for heroin crime
- Huntington YMCA‘s Free Healthy Kids Day® on April 30th Aims to Help Kids Exercise Minds and Bodies
- AT&T Announces Nearly 60 Jobs Available in Huntington
- SECOND LOOK: Jungle Book It's Like the Zoo Came to the Movies
NAHB: Severe Winter Weather Puts a Damper on Builder Confidence in February
“Significant weather conditions across most of the country led to a decline in buyer traffic last month,” said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. “Builders also have additional concerns about meeting ongoing and future demand due to a shortage of lots and labor.”
“Clearly, constraints on the supply chain for building materials, developed lots and skilled workers are making builders worry,” said NAHB Chief Economist David Crowe. “The weather also hurt retail and auto sales and this had a contributing effect on demand for new homes.”
Derived from a monthly survey that NAHB has been conducting for 25 years, the NAHB/Wells Fargo Housing Market Index gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as good than poor.
All three of the major HMI components declined in February. The component gauging current sales conditions fell 11 points to 51, the component gauging sales expectations in the next six months declined six points to 54 and the component measuring buyer traffic dropped nine points to 31.
Looking at three-month moving averages for regional HMI scores, the West was unchanged at 63 in February while the Midwest registered a one-point decline to 57, the South registered a three-point decline to 53 and the Northeast posted a four-point decline to 38.