The National Association of Home Builders (NAHB) analyzed the 2019 Survey of Construction (SOC) data, which shows a trend of declining home size across the country before the ...
Read More »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.
Read More »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.
Read More »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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