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 »The Week Ahead: GDP Growth in the Spotlight
The Bureau of Economic Analysis (BEA) will release the second of three estimates for the nation's first quarter GDP growth this week. In the advance estimate for the first quarter released in late April, the BEA reported GDP growth to be a weak 0.5 percent.
Read More »The Week Ahead: Wishful Thinking for New Home Sales
The mortgage industry is now anticipating where new single-family home sales will fall, following existing-home sales major feat against supply challenges last week.
Read More »5 Best Markets for Investing in Single-family Homes
Rising home prices, home appreciation, favorable affordability, and excellent economic and demographic conditions have set the stage for the top single-family housing markets in the U.S for investors.
Read More »Single-Family Housing Starts Reach 9-Year High
Home building rebounded this month with a surge in single-family home construction, inducing starts, permits, and completions, signaling newfound confidence in the housing market and economy.
Read More »New Home Sales Exceed Expectations
There was no seasonal, holiday slowdown for new home sales, as buyers showed their increasing demand for housing by purchasing more homes since the end of the financial crisis.
Read More »Construction Spending Slips for First Time in Over a Year
U.S. construction spending has been on the positive side for a year and a half—that is until now.
Read More »Single-Family Housing Construction Pace Slows in October
Construction in the single-family housing market for the month of October as both housing starts and housing completions decreased, the U.S. Census Bureau and HUD announced Wednesday.
Read More »Single-Family Housing Starts Rise; Authorizations & Completions Decline
Single-family housing starts increased in September 2015, while authorizations and housing competitions decreased, according to new residential construction statistics from the U.S. Census Bureau and HUD released Tuesday.
Read More »Existing-Home Sales Soar to Highest Level in Eight Years
Existing-home sales rose higher in July, while low inventory levels and rising prices are the largest factors lowering sales to first-time buyers to their lowest share since January, according to a report from the National Association of Realtors released Thursday.
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