{"id":1004087057,"date":"2013-11-19T07:16:38","date_gmt":"2013-11-19T15:16:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004087057"},"modified":"2022-12-02T18:52:58","modified_gmt":"2022-12-03T02:52:58","slug":"economy-watch-homebuilders-still-confident-fewer-americans-on-the-move-housing-starts-report-postponed","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-still-confident-fewer-americans-on-the-move-housing-starts-report-postponed\/","title":{"rendered":"Economy Watch: Homebuilders Still Confident; Fewer Americans on the Move; Housing Starts Report Postponed"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/em><\/p>\n

Builder confidence in the market for newly built, single-family homes was unchanged in November from a downwardly revised level of 54 in October, according to the National Association of Home Builders, which released its Housing Market Index on Monday. That means that for the sixth consecutive month, more builders believe market conditions are good than poor.<\/p>\n

The index gauging current sales conditions in November held steady at 58, while the component measuring expectations for future sales fell one point to 60 \u2013 both strong readers. The index gauging traffic of prospective buyers, which is the weakest component, dropped one point to 42.<\/p>\n

\u201cPolicy and economic uncertainty is undermining consumer confidence,\u201d NAHB chief economist David Crowe said in a statement. \u201cThe fact that builder confidence remains above 50 is an encouraging sign, considering the unresolved debt and federal budget issues cause builders and consumers to remain on the sideline.\u201d<\/p>\n

Fewer Americans on the Move<\/strong><\/p>\n

Americans aren\u2019t moving as much as they once did, according to a report released by the Census Bureau on Monday. About 35.9 million U.S. residents, or 11.7 percent of all Americans, moved between during the 12 months ending in March 2013, down from 12 percent during the same period a year earlier. The decline in the nation’s overall mover rate follows an uptick from the record low of 11.6 percent for the period ending in March 2011. That means the 2013 mover rate isn\u2019t statistically different from the 2011 rate.<\/p>\n

Most moves are local. Nearly two-thirds of movers stay in the same county, and even those who leave their county didn’t move all that far away: 40.2 percent of intercounty movers relocated less than 50 miles away. Only 24.7 percent moved 500 or more miles to their new location.<\/p>\n

Young Americans in particular aren\u2019t moving at the velocity they once did, mostly because their employment situation (on the whole) isn\u2019t nearly as healthy as their elders, and because fewer of them are buying houses than during previous decades. According to the bureau, only 23.3 percent of adults aged 25-29 moved in the 12 months ending March 2013. That\u2019s smallest percentage in 50 years, and down from the previous year\u2019s 24.6 percent.<\/p>\n

Housing Starts Report Postponed\u00a0<\/strong><\/p>\n

Official numbers on housing starts in October were to have been released on Tuesday, but the Census Bureau said on Monday that the statistics will be out on Nov. 26, citing the rippling impact of the federal government shutdown last month. The September report, which wasn\u2019t released at all last month, will come out at the same time as the November report. Normally timed data collection and data releases, the bureau says, will resume with the release of the November data in December.<\/p>\n

Wall Street held steady on Monday until near the end, when sellers started outpacing buyers. Still, the Dow Jones Industrial Average eked out a gain of 14.32 points, or 0.09 percent. The S&P 500 lost 0.37 percent and the Nasdaq declined 0.93 percent.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Builder confidence in the market for newly built single-family homes was unchanged in November from a downwardly revised level of 54 in October. Americans aren\u2019t moving as much as they once did, according to a report released by the Census Bureau. And due to the rippling impact of the federal government shutdown, official numbers on housing starts won’t be released until Nov. 26.<\/p>\n","protected":false},"author":1023,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004087057","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nEconomy Watch: Homebuilders Still Confident; Fewer Americans on the Move; Housing Starts Report Postponed - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-still-confident-fewer-americans-on-the-move-housing-starts-report-postponed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Homebuilders Still Confident; Fewer Americans on the Move; Housing Starts Report Postponed\" \/>\n<meta property=\"og:description\" content=\"Builder confidence in the market for newly built single-family homes was unchanged in November from a downwardly revised level of 54 in October. 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