building

FEBRUARY IMPROVES SLIGHTLY BUT WINTER MAINTAINS ITS GRIP

FEBRUARY IMPROVES SLIGHTLY BUT WINTER MAINTAINS ITS GRIP

Based on residential permit data compiled by the Home Builders Association of Southeastern Michigan (HBA) and reported in the HBA/Carter Lumber Southeastern Michigan Residential Building Activity Report, a total of 264 single-family permits were issued in Macomb, Oakland, St. Clair and Wayne counties in February 2019.

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Builder Confidence Posts Solid Gain in October

Builder confidence in the market for new single-family homes rose four points to 68 in October on the NAHB/Wells Fargo Housing Market Index (HMI). This was the highest reading since May.

“This month’s report shows that home builders are rebounding from the initial shock of the hurricanes,” said NAHB Chairman Granger MacDonald. “However, builders need to be mindful of long-term repercussions from the storms, such as intensified material price increases and labor shortages.”

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