RISMedia is reporting that recent data is showing vast improvement in the housing market for 2013, and 2014 will probably be even better. Data was taken from a variety of national housing experts and it shows good things to come. Here is some of the information that has industry insiders excited:
According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), America’s homebuilders are positive about the housing market. The index had a 58 reading in December, and anything above a 50 is seen as positive.
All of us at NPI and GPI would like to say congratulations to John Hamilton of Barrie, ON and John See of Independence, OH. Both franchise owners are celebrating their 10 year anniversaries with NPI and GPI. Thanks to both of you for a great 10 years.
The national job market is getting a lot of help from small businesses and franchises. Franchise businesses alone had a 2.6% rise in job hirings last October. The rest of the private sector had a 1.8% rise over the same month. Because of this growth, franchise job opportunities were higher than the rest of the private sector over the entirety of 2013.
Crown Boiler Company has issued a recall for its gas-fired hot water boilers. The boilers can pose a Carbon Monoxide risk due to failure of the air pressure switch. There are several models included in the recall, please see the link below for full details.
According to the National Association of Home Builders (NAHB), there was a 2.1% rise in the sale of newly built, single-family homes in November of last year. This is the strongest month for sales, besides October of 2013, since July 2008.
All of us at NPI and GPI would like to congratulate four new franchise owners: Blake Putnam of Edwards, CO; Dana Siano of Beaverdam, VA; and James (Chris) Quoyeser of Austin, TX. Congratulations on starting your own independently owned business.
We would also like to say welcome to Joe Scipioni who is a new employee of Mike Hogan of Ottawa, ON. Congratulations Joe and Mike and thanks for helping GPI to grow.
Housing production saw some big increases in November. In both the single-family and multifamily starts categories, there was over 20% growth for production.
November saw the stabilization of and an increase in national pending home sales. The Pending Home Sales Index is put out by the National Association of Realtors (NAR) to gauge pending home sales throughout the U.S. There was a 0.2% gain in November according to the index.
An index put out by the National Association of Realtors (NAHB) is showing vast improvements in the number of housing markets considered improving. The National Association of Home Builders/First American Leading Markets Index (LMI) put out by the NAHB shows that 56 out of 350 metro areas in the U.S. have returned to their pre-recession housing levels.