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September 19, 2014

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) pointed to a significant milestone for builder confidence, which reached its highest level since November 2005 this month.

Confidence in the market for new, single-family homes reached 59 in September, a four-point gain since August.

[The news followed shortly after the Commerce Department reported August housing starts fell sharply from the prior month.]

November 18, 2013

The National Association of Home Builders/Wells Fargo Housing Market Index remained static at 54 for November, compared with a downwardly revised October reading of the same level.

August 15, 2013

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) registered a three-point gain in builder confidence in August. The metric, which indicates builder sentiment toward new single-family homes, rose to an eight-year record of 59.

Two of the HMI's three components were buoyed by this positive momentum. Sentiment toward current sales conditions also went up three points to 62, with sales expectations for the next six months up a point to 68. Sentiment toward the traffic of prospective buyers was unchanged at 45.

July 30, 2013

On July 16, the National Association of Home Builders/Wells Fargo Housing Market Index posted its strongest reading since January 2006.

On the following day came the Commerce Department's residential construction numbers — a disappointing 9.9% decline in the pace of housing starts nationwide.

June 18, 2013

For the first time since April 2006, builder confidence surged past 50 on the National Association of Home Builders/Wells Fargo Housing Market Index released Tuesday. This benchmark indicates that builder sentiment is mostly positive regarding market conditions.

The eight-point jump to 52 in June also marked the biggest one-month gain since August and September 2002.

Any reading over 50 indicates that more builders view sales conditions as good than poor.

June 17, 2013

As part of Orchard Supply Hardware's filing for Chapter 11 bankruptcy, the company has reached an agreement for Lowe’s to purchase the majority of its assets for $205 million in cash, plus the assumption of payables owed to nearly all of Orchard’s supplier partners. Under the terms of the agreement, Lowe’s, serving as “stalking horse bidder,” would acquire no less than 60 of Orchard’s stores, based on further due diligence on the store locations.

May 16, 2013

Builder confidence in the market for newly built, single-family homes improved three points to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May.

Builder confidence in the market for newly built, single-family homes improved three points to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May. This gain, from a downwardly revised 41 in April, reflected improvement in all three index components -- current sales conditions, sales expectations and traffic of prospective buyers. 

April 15, 2013

An NAHB report released today reveals a two-point dip on the NAHB/Wells Fargo Housing Market Index

Facing increasing costs for building materials and rising concerns about the supply of developed lots and labor, builders registered less confidence in the market for newly built, single-family homes in April, with a two-point drop to 42 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released Monday.

April 8, 2013

While housing starts and building permits continue to trend higher, builder confidence, which often dovetails nicely with housing construction figures, has dipped over the last few months.

So what gives?

According to the National Association of Home Builders (NAHB), which, in conjunction with Wells Fargo, publishes the builder confidence index, waning confidence is not necessarily due to diminishing demand for new homes.

March 18, 2013

Builder confidence in the market for newly built, single-family homes paused for a third consecutive month in March, falling two points to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index.

Builder confidence in the market for newly built, single-family homes paused for a third consecutive month in March, falling two points to 44 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

February 19, 2013

Hovering in the same three-point range during the past four months, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) slipped a point in February.

Hovering in the same three-point range during the past four months, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) slipped a point in February.

The measure of builder confidence declined from 47 in January to 46 in February, according to the data released Tuesday morning.

January 16, 2013

Builder confidence in the market for newly built, single-family homes was unchanged in January, remaining at a level of 47 on the National Association of Home Builders/Wells Fargo Housing Market Index. This figure follows eight consecutive monthly gains. The index continues to hold at its highest level since April of 2006.

December 10, 2012

Small business owners as a group are now the most pessimistic they have been since the third quarter of 2010, according to the latest Wells Fargo/Gallup Small Business Index. The index fell 28 points to negative 11 in the post-election survey conducted Nov. 12 to 16, 2012. Key drivers of this decline include business owners' concerns about their future financial situation, cash flow, capital spending and hiring over the next 12 months.

November 15, 2012

Although home prices are starting to inch up in metro areas around the country, lower interest rates continue to make homes more affordable to median-income families, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

October 16, 2012

Builder confidence in the market for newly built, single-family homes edged slightly higher for a sixth consecutive month in October, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The one-point gain brings the index to 41, its strongest level since June 2006.

September 18, 2012

Builder confidence in the market for newly built, single-family homes rose for a fifth consecutive month in September to a level of 40 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The three-point rise brought the index to its highest point since June 2006.

August 15, 2012

Builder confidence in the market for newly built, single-family homes rose two points for August  on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the fourth consecutive month of improvement, and brings the HMI to its highest point -- 37 -- since February 2007.

August 15, 2012

Wells Fargo is opening a new division that will focus on lending to regional and mid-sized builders, according to an Aug. 15 article in the Wall Street Journal. The loans are expected to finance small projects ($10 to $15 million) up to large corporate loans that can surpass hundreds of millions of dollars.

August 15, 2012

Wells Fargo is opening a new division that will focus on lending to regional and mid-sized builders, according to an Aug. 15 article in the Wall Street Journal. The loans are expected to finance small projects ($10 to $15 million) up to large corporate loans that can surpass hundreds of millions of dollars.

July 17, 2012

Builder confidence in the market for newly built, single-family homes rose six points for July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point -- 35 -- since March 2007.

May 16, 2012

Builder confidence in the market for newly built, single-family homes reached its highest level since May 2007, reaching a level of 29 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is a gain of five points from the previous month, which was downwardly revised.

April 16, 2012

Builder confidence in the market for newly built, single-family homes declined for the first time in seven months this April, sliding three notches to 25 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index. The decline brings the index back to where it was in January, which was the highest level since 2007.

April 13, 2012

84 Lumber has finalized a $225 million senior secured revolving credit facility to refinance existing debt, and for general corporate purpose. Wells Fargo Capital Finance and PNC Bank and acted as joint lead arrangers. GE Capital acted as co-collateral and documentation agent for the loan.

84 Lumber chief financial officer Paul Lentz said the new facility will give 84 Lumber greater financial flexibility and liquidity as it continues to improve its business following the housing market crash.

April 13, 2012

84 Lumber has finalized a $225 million senior secured revolving credit facility to refinance existing debt, and for general corporate purpose. Wells Fargo Capital Finance and PNC Bank and acted as joint lead arrangers. GE Capital acted as co-collateral and documentation agent for the loan.

84 Lumber chief financial officer Paul Lentz said the new facility will give 84 Lumber greater financial flexibility and liquidity as it continues to improve its business following the housing market crash.

April 11, 2012

Using the phrase “significant milestone” to describe the news, Peabody, Mass.-based Beacon Roofing Supply entered a new five-year senior-secured credit facility consisting of a $550 million credit facility with Wells Fargo Bank.

The deal also includes a C$15 million Canadian credit facility.

The deal refinanced the Company’s prior combined $515 million credit facilities that were provided through GE Antares and an affiliate.