Category Archives: New Construction

New Home Sales Climb To 7 Year High

Sales of newly built, single-family homes rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units in May, according to newly released data from HUD and the U.S. Census Bureau. This is the highest new-home sales rate since February 2008. “Our builders are seeing motivated buyers and the release of pent-up housing demand,” […]

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New Construction takes off in April

After slowing down in March, new residential construction took off in April according to the US Census Bureau and the Department of Housing and Urban Development’s latest press release. Housing starts for privately-owned housing units rose by 20.2% compared to March and were 9.2% higher than same time last year. Regionally, the West saw a […]

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Housing Market Index Shows Builder Confidence Up 23 Percent Year-Over-Year

According to the National Association of Homebuilders/Wells Fargo Homebuilders Market Index for December, builder confidence recovered in with a reading of 58. This surpassed both expectations of 56 and last month’s reading of 54. Analysts noted that builder confidence has steadied after the government shutdown. December’s reading was the highest in four months. Dave Crowe, […]

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Case Shiller Price Index Shows A Spike In Home Prices In The West

According to the S&P Case-Shiller 10-and 20-City Housing Market Indices for September, home prices grew at an average of 13.30 percent year-over-year and achieved the highest growth rate for home prices since February 2006. On a month-to month basis, home prices are slowing in most areas with 19 cities included in the S&P 20-City Housing […]

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Housing Market Index Shows Builder Confidence Remains Above 50

The National Association of Home Builders released its Housing Market Index for November on Monday. This month’s HMI reading was 54 against expectations of a reading of 55. October’s reading was also 54 after being downwardly revised. Readings over 50 generally indicate that a majority of builders surveyed are confident in current housing market conditions, […]

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Housing Market Index Shows Builders Continue To Have A Positive Outlook

The National Association of Homebuilders/Wells Fargo Housing Market Index dropped two points to 55 from September’s revised reading of 57. Builder concerns over labor costs and availability and economic uncertainty related to the federal government shutdown were noted as factors contributing to the lower reading for October. Key Points Noted In October‘s HMI included: Builder […]

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Nail The Final Walkthrough Before Closing

By the time you get to the final walkthrough on your property, the home buying process is almost complete. However, it is still important to pay close attention to this final step, as it will be crucial in the success of your home purchase. The final walkthrough is your last opportunity to ensure that everything […]

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Home Builder Confidence Highest Level In Nearly 8 Years

The National Association of Home Builders (NAHB) reported Thursday that its Housing Market Index rose three points to a reading of 59 for August. Confidence among builders is likely growing in connection with stronger housing markets and high demand for homes. These conditions are being driven by short supplies of homes for sale in many […]

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Benefits Of Owning A Green Home You May Not Have Considered

Going green is not just a new trend; it is a way of life that benefits not only the environment, but also your health — and your pocketbook. Green living cuts down on carbon emissions and creates a healthier environment both inside and outside of a home. While green structures sometimes cost more initially, the […]

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Home Builder Future Sales Confidence Rises To New Highs

Home builders are gaining confidence in current and future market conditions for new homes, but continue to see below-average foot traffic in new homes. The reading for May’s National Association of Home Builders (NAHB) /Wells Fargo Housing Market Index (HMI) increased by three points to a reading of 44 as compared to April’s revised reading […]

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