Category Archives: Homebuilders

Conflicting Picture in Housing Data

Data for housing permits and starts and the National Association of Home Builders (NAHB) Sentitment Index offer conflicting stories about housing.  Permits and Starts were up with permits rising 2.7% on the months and starts gaining 5.9% from June.  However, much of the action was in apartment construction, not single family homes and the share […]

A Housing Recovery Is Buttressing U.S. Homebuilders’ Credit Quality

Although the U.S. economic recovery remains tepid and 2012 job growth was lackluster at best, activity in one area—new home sales—was markedly hotter, jumping 20% in 2012 compared with 2011. Contributing to this growth were record home affordability, rising apartment rents, an increase in household formations, and a limited supply of existing homes for sale. […]

U.S. Housing And Residential Mortgage Finance 2013 Outlook: Homebuilders Benefit From Demand For New Homes

Buyers for newer homes returned to the single-family home market in 2012, resulting in better than expected operating results for most of the homebuilders we rate. Sales volumes and average selling price exceeded our initial expectations, and we currently expect that the homebuilders we rate will deliver on average 20% more homes in 2012 compared […]

The U.S. Real Estate Industry: Standard & Poor’s Addresses The Top Investor Questions

U.S. Housing Finance Agencies Tap Alternative Funding Sources To Counter Changing Market Conditions

Home Prices Increase Again in July 2012 According to the S&P/Case-Shiller Home Price Indices

Data through July 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed average home prices increased by 1.5% for the 10-City Composite and by 1.6% for the 20-City Composite in July versus June 2012.  For the third consecutive month, all 20 cities […]

Economic Research: Spain’s Housing Market May Need Four More Years To Rebalance

House prices in Spain are a key variable in the performance of the country’s economy. The housing boom built up unsustainable imbalances, such as an oversupply of dwellings, which will need to fully correct before a sustainable recovery takes place. The unwinding has begun: House prices have dropped 22% in nominal terms between first-quarter 2008 […]

Economic Update: The Housing Recovery is Finally Gaining Steam

Home Prices Rose in the Second Quarter of 2012 According to the S&P/Case-Shiller Home Price Indices

Data through June 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that all three headline composites ended the second quarter of 2012 with positive annual growth rates for the first time since the summer of 2010. To access click here: S&P/Case-Shiller Home […]

U.S. Home Buyers Return To The Market, But Can Builders Deliver?

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