Builder confidence in the market for newly built, single-family homes gained five points in May from a downwardly revised reading in the previous month to reach a level of 29 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. This is the index’s strongest reading since May of 2007.

A team representing the Huntsville/Madison Co. Builders Association captured the Foundation Cup in the 18th Annual Alabama Home Builders Foundation Golf Classic. The tournament was held on May 10, 2012 at the Cambrian Ridge Golf Course in Greenville.

A new survey released by the National Association of Home Builders (NAHB) shows common remodeling projects have increased, compared to a similar survey from 2010. The survey, released today in conjunction with National Home Remodeling Month, describes the changes the remodeling market has undergone in recent years.

McGraw-Hill Construction, part of The McGraw-Hill Companies (NYSE: MHP), released its latest SmartMarket Report: New and Remodeled Green Homes: Transforming the Residential Market at the National Association of Home Builders’ (NAHB) National Green Building Conference and Expo this week. The report includes McGraw-Hill Construction’s estimate that the green homes share of the construction market was 17% in 2011, equating to $17 billion, and expected to rise 29%-38%  by 2016, potentially a $87–114 billion opportunity, based on the five-year forecast for overall residential construction.