What Realtors Should Know About the USDA’s New Construction Loan Program



Last year, 612,000 newly constructed homes were sold in the U.S., while existing homes were sold at nearly nine times that amount (5.51 million)

What is the State of New Home Construction



According to the National Association of Home builders (NAHB) Construction Cost Survey, the average square footage of a new single-family home in 2017 was 2,777 square feet.

More home builders are targeting millennials



With millennials entering the housing market in growing numbers, they’re expected to take the lead when it comes to new home buyers too, according to Census Bureau data analyzed by the National Association of Home Builders. Currently, around 36 percent of millennials are homeowners, which means they’re making the fastest gains of all age groups, […]

Home builders fear Republican tax plan could lead to housing recession



NAHB chief says that the Republican administration’s latest tax plan, unveiled yesterday in the House of Representatives, could lead to a housing recession.

Finding Work With a Home Builder after Graduation



National home builders may have faced hard times with the housing crash in the late 2000’s, but the housing market has been going strong ever since. As such, home shoppers have become a lot more interested in new home

Home Builders Are On the Rise Across US



It’s taken some time but the house building businesses has finally started to advance. It’s not a major advance but it is moving forward. The National Association of Home Builders/Wells Fargo builder sentiment index released last week rose 2 points to 60 following a downwardly

The entry-level home shortage: Will builders fill the void?



It always used to be that saving up for a down payment was one of the biggest hurdles for first-time buyers. But not anymore. According to a new Fitch Ratings report, the down payment problem has been surpassed by something else – a shortage of inventory.

Building Bigger With Bigger Debt



The developing trend in new house building is bigger homes. You might mistakenly assume that as the population grows older, seniors would be downsizing. You might also assume that the first time buyers market is demanding smaller homes. But that doesn’t appear to be the case for either according to the National Association of Home […]

Builder Confidence Increases for June



The National Association of Home Builders/Wells Fargo Housing Market Index was recently released and shows the highest reading since September 2014. During June builder confidence in the market for newly built, single-family homes rose by five points to reach a level of 59. Apparently more builders are reporting greater numbers of serious and committed buyers […]

New home construction data offers hope of Q2 gains



New-home construction is on the upswing: Housing starts climbed last month to the highest level in nearly seven and a half years, and building permits for future construction also reached a seven-year high.

Sign up Now and get our guide on Video Marketing for Real Estate Professionals for Free

Sign up to the Realty Biz News mailing list to get updates from our site and also get our guide to Video Marketing for Real Estate professionals for free