Housing market continues to regain its footing

According to a recent report from the National Association of Home Builders (NAHB), builder confidence continues to rise nationally with a three-point gain in September.

The index is at its highest reading since June of 2006. Nationwide housing production rose 2.3 percent to a seasonally adjusted annual rate of 750,000 units in August, according to newly released figures from HUD and the U.S. Census Bureau.

This increase was fueled by gains in the single-family sector, where the pace of new construction rose in every region for a combined 5.5 percent gain to 535,000 units.

On a local level, year-to-date permits for the Portland metro area are almost 3,000 — a 42 percent increase over 2011.

While there are growing concerns about the availability of buildable lots, 1,792 new homes were sold in the Portland metro area by the end of August.

“Builders across the country are expressing a more positive outlook on current sales conditions, future sales prospects and the amount of consumer traffic they are seeing through model homes than they have in more than five years,” said NAHB Chief Economist David Crowe.

The Home Builders Association of Metropolitan Portland (HBAMP) has also seen an increase in membership over the past year, which it attributes to what appears to be a steadily increasing housing market coupled with builder confidence in the Northwest.

HBAMP is one of the fastest growing home builders associations nationally, with a 9.7 percent increase in members since last year. The organization is in second place for growth in the top 25 HBAs in the country.

“As the economy comes back, people will be more selective about where they choose to put their dollars,” said HBA CEO Dave Nielsen. “I believe we have set up HBAMP to be an even better and more valuable resource to the industry and the public than we were in our peak years, prior to the economic downturn.”

HBAMP, which produces a number of consumer home shows and tours, including the NW Natural Street of Dreams, saw a solid up-tick in consumer attendance this year.

For more information about the National Association of Home Builders, visit For more information about the Home Builders Association of Metropolitan Portland, visit

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