American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Industry News

Home Builders Off To Solid Start In 2004

January 21, 2004

Two-point Decline in Monthly Confidence Gauge Does Not Reflect Latest Mortgage-Rate Declines

NAHB's Housing Market Index (HMI), released today at the International Builders' Show in Las Vegas, fell two points to 68 in January - still well ahead of its 64 reading at the start of 2003.

"Coming off the best year in history for single-family home sales and production, builders are set for another very busy year in 2004," said NAHB President Kent Conine, a home and apartment builder from Dallas. "There's plenty of momentum in this marketplace."

"In all, the outlook is quite upbeat," agreed NAHB Chief Economist David Seiders. "Keep in mind that the January HMI survey was taken before the latest downshift in long-term mortgage rates, so there is good upside potential for this measure heading forward." The average rate on 30-year mortgages fell from an already attractive 5.85 percent in early January to an even more favorable 5.66 percent last week.

The HMI is derived from a monthly survey of builders that NAHB has been conducting for nearly 20 years. Home builders are asked to rate current sales of single-family homes and sales expectations for the next six months as "good," "fair," or "poor." They are also asked to rate traffic of prospective buyers as "high to very high," "average" or "low to very low."
Scores for responses to each component are used to calculate a seasonally adjusted index, where any number over 50 indicates that more builders view sales conditions as good than poor. (The HMI has not been gauged below 50 since November of 2001.)

Each of the HMI's component indexes slipped in January from exceptionally strong levels in the previous month. The index gauging current sales of new single-family homes fell three points to 74 while the indexes gauging sales expectations for the next six months and traffic of prospective buyers each fell two points, to 75 and 50, respectively.

Source: NAHB

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment