The MBA reports that new home sales have been driving purchase activity in recent months, as buyers continue to seek options beyond the existing-home market.
Read More »Lingering Economic Concerns Push Mortgage Rates Upward
Along with a lack of inventory in the nation’s housing supply, Freddie Mac reports the 30-year fixed-rate mortgage continues to edge toward the 7% mark, further dampening the spring homebuying season.
Read More »New Construction on the Rise
The pool of newly-built, single-family homes on the market is at a record high, as builders struggle to keep pace with surging buyer demand.
Read More »Are Homebuyers Being Priced Out of New Homes?
New construction comes with a typical 20% premium versus existing stock, adding fuel to the fire as consumers compete for affordable housing options.
Read More »Decline in Construction Workforce Stunts Housing Inventory
With the demand for homes at an all-time high, new construction has been dampened by a drop in the number of workers.
Read More »Construction Activity Begins 2020 on ‘Strong Footing’
Despite the positive report, many of the nation’s largest saw declines in a major metric. Click through to read more.
Read More »Mixed Results for Home Sales, Prices
Redfin states that builders are now making a move toward affordability, as residential construction was a “bright spot” during Q3 2019.
Read More »The Builders’ Dilemma: Affordability Impacting Home Construction
A new report predicts a flat year for new home production. See what the latest data suggests about the factors that will impact housing starts.
Read More »The Housing Market’s Rebalancing Act
A new study took a look at the trajectory of the overall housing market and changes expected in cities with some of the most extreme markets. Here’s what it found.
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