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David Seiders

David Seiders's Posts

Rate cut not cure for the flagging housing market

The September 18 cut of a key interest rate should keep the trouble in the subprime lending market from dragging the economy into recession, but experts caution that it is not the cure for the flagging housing market. Read more

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Remodeling Market Index fell for the second straight quarter Remodeling Market Index fell for the second straight quarter

The Remodeling Market Index (RMI) fell for the second straight quarter, according to a midyear release from the National Association of Home Builders (NAHB). Read more

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New-Home Sales Continue to Tumble New-Home Sales Continue to Tumble

The first two months of new-home sales in 2007 have fueled concern over a flagging housing market. Read more

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Remodeling index improves Remodeling index improves

Remodeling activity increased during the third quarter of 2006, according to the latest release of the Remodeling Market Index (RMI). However, the current conditions portion of the index jumped more than two points (to 47.8), but still remains well below 50, which is the watermark for what is considered "positive." Read more

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RMI says remodeling market started 2006 strongly RMI says remodeling market started 2006 strongly

The remodeling market started 2006 strongly, according to the latest release of the Remodeling Market Index (RMI). The current market conditions portion of the index ó released by the National Association of Home Builders (NAHB) ó rose from 46.6 in the final quarter of 2005 to 48.1 in the first quarter of 2006. The Northeast exhibited the largest surge (from 41.6 to 51.5) while the West was the only region that saw a decrease during the period, although the RMI in that region remains the highest of the four. Read more

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