The nation’s home builders continue to maintain the high level of confidence that they have expressed for more than 16 months, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index released May 16.
Robust buyer demand for new single-family homes, brought on by continued low mortgage rates and an improving job market, nudged builder confidence up three points to 70 on a seasonally adjusted annual basis, close to the high side of the strong 67–71 confidence range that builders have held for more than a year.
“Builders have seen an uptick in traffic and sales brought on by improving economic conditions and mortgage rates that continue to remain at affordable levels. They have confidence in the overall housing market and expect sales to stay strong for the next six months,” said NAHB President Dave Wilson, a custom home builder from Ketchum, Idaho.
“Builders obviously continue to see strong buyer demand for single-family homes,” said NAHB Chief Economist David Seiders. “With unsold inventories in good shape, housing starts should be solid in coming months.”
The NAHB/Wells Fargo Housing Market Index is derived from a monthly survey of builders that NAHB has been conducting for nearly 20 years. Each month, builders report current sales of single-family homes and prospects for sales in the next six months as either “good,” “fair” or “poor.” They also rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view sales conditions as good than poor.
The component index gauging current single-family sales rose three points to 76 while the component index gauging sales expectations for the next six months and the component gauging traffic of prospective buyers were 77 and 53, respectively.
Two G-P Gypsum Plants Receive SCS Certification for Recycled Content
G-P Gypsum plants in Tacoma, Wash., and Wheatfield, Ind., have received certification for recycled content from Scientific Certification Systems, an internationally recognized, third-party evaluation and certification organization.
Both locations manufacture products utilizing Flue-Gas Desulphurization synthetic gypsum. Gypsum wallboard products produced at these plants utilize only synthetic gypsum for their raw material source.
The Tacoma plant has been certified for G-P Gypsum’s DensGuard® and ToughRock® gypsum products and the Wheatfield plant has been certified for ToughRock® wallboard. The paper that faces G-P Gypsum’s ToughRock wallboard is 100 percent recycled.
The SCS Certification was awarded after a rigorous evaluation process that examined the percentage of recycled material used in the manufacturing of G-P Gypsum’s products at these plants.
G-P Gypsum is a member of the U.S. Green Building Council, which has determined through their LEED (Leadership in Energy and Environmental Design) standard that synthetic gypsum is post-industrial content. Post industrial content gypsum is recognized in LEED-NC 2.1 in the Materials and Resources category as recycled content and therefore eligible for credits. Specifying SCS certified products from G-P Gypsum may allow architects and building owners to qualify for potential award of credits toward a registered LEED building project.
SCS is a private company founded by scientists and leading practitioners, which is recognized internationally for its third-party evaluation and certification programs. Founded in 1984, SCS offers third-party certification services that span a wide cross-section of the economy including agricultural production, forestry, fisheries, energy, consumer products, manufacturing and retailing, and the home improvement and construction sectors.
For more information about SCS, visit the company’s Web site at http://www.scscertified.com or call 800-829-1415 ext. 8003.
