• Skip to main navigation
  • Skip to content
  • Skip to footer

Quick Search

Parkland FL Homes for saleParkland FL Homes for sale

Search homes for sale in Parkland and surrounding areas

  • Home
  • Search
    • Advanced Search
    • Featured Properties
    • Newest Homes for Sale
    • Upcoming Open Houses
    • My Account / Login
  • Area
    • Parkland
    • Boca Raton
    • Coconut Creek
    • Coral Springs
    • Margate
    • Tamarac
  • Buy
    • Steps to Buying
    • Mortgage Calculator
  • Sell
    • Free Home Valuation
    • Marketing Your Home
    • Selling your Home with Jon Klein
  • Reviews
  • Contact
SearchClose

Home Builders Seeing More Sales Today; Fewer Sales Tomorrow

NAHB HMI Index 2009-2010Home builder confidence can’t shake its range, according to the National Association of Home Builders. The group’s monthly Housing Market Index put May’s builder confidence reading at a level of 16.

The Housing Market Index is scored on a scale of 1-100. A reading above 50 suggests favorable conditions for the new home housing market, as reported by home builders. A reading below 50 suggests unfavorable conditions.

May marks the sixth time in 7 months that the HMI posted a 16, the longest such plateau in the index’s history.

The HMI has not posted higher than 50 since April 2006.

As an index, the HMI is a composite of three separate surveys sent to home builders each month. The surveys are meant to capture the current and projected single-family home sales volume, in addition to buyer foot traffic levels.

Versus April, there was little change:

  • Current single-family sales : 16 (+1 from April)
  • Projected single-family sales : 20 (-2 from April)
  • Buyer foot traffic : 14 (+1 from April)

Broken down, the Housing Market Index for May shows that home builders are experiencing a boost in sales and foot traffic today, but expect that boost to fade between today and November. For home buyers in Parkland and Coral Springs , this can present an opportunity.

With home builder confidence stagnating, and with a worsening sales expectation for the next 6 months, builders may be more willing to negotiate with you on home prices and/or the costs of upgrades. Builders may also be more willing to make concessions in your sales contract that would otherwise be unavailable to you.

Your real estate agent can help you to identify the negotiable items of your offer.

In addition, today’s home buyers can exploit the recent strength of the mortgage market. Surging mortgage bond demand since April has pushed mortgage rates down to their lowest levels of the year. If you can find a home you love, therefore, it can be financed on the (relative) cheap, too.

Conforming mortgage rates in Florida fell through 5 consecutive weeks before rising last week.

Click here to view Jon Klein & Parkland Homes for Sale & Coral Spring Homes for Sale

Click here to view Home Values in Parkland & Home Values in Coral Springs

View my listings at http://www.jonklein.com

Posted in: Housing Analysis Tagged: HMI, Housing Market Index

Post navigation

« My Home Is Flooded. What Do I Do?
Building Permits Fade Faster Than Expected »

Contact Jon Now

Parkland FL REALTOR®Jon Klein, REALTOR®, P.A.,GRI

954-415-5595 Direct

954-449-9325 Office

954-827-0464 Fax

jon@jonklein.com

5691 Coral Ridge Drive
Coral Springs, FL 33076

RE/MAX 1st Choice Logo, Coral Springs, FL
Jon Klein Team Logo, Parkland, FL

Connect with Us

© 2022 · RE/MAX 1st Choice, Jon Klein · Direct: 954-415-5595 · Fax: 954-827-0464 · Sitemap · IDX Sitemap · IDX XML Sitemap · Parkland FL Homes for Sale · Privacy Policy | Accessibility Statement

Disclaimer - All Rights Reserved by RE/MAX 1st Choice, Jon Klein
Direct: 954-415-5595 | Find me on Google | Directions to Jon Klein

Log in · Real Estate Websites by Real Estate Websites by YourSiteNeedsMe.com