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Tag Archives: New Home

A Full House … Mostly

Whether parents are approaching becoming empty nesters with tears or rejoicing, the fact remains that an increasing percentage of young adults continue living with their parents a study found. Here’s why.

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Builder Confidence Stays Strong

The National Association of Home Builders (NAHB) and Wells Fargo reported a solid market for new single-family homes in the April NAHB/Wells Fargo Housing Market Index (HMI), a measure of market conditions based on three factors, with a range of zero to 100. All three individual components of the HMI (present single family sales, next six-month single family sales, and prospective buyer traffic) reported losses month over month, but are still strong.

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New Homes Purchases and Applications Jump

New home purchases are on the rise. Recent reports show increases in new home purchases. According to the Survey, year-over-year new home purchases for March 2017 increased 6.7 percent compared to March 2016. Month-over-month, applications grew 23 percent. Average loan size decreased in March, from $330,208 in February to $328,192.

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