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Home Builders/Developer's

New home sales hit 12-year high

By Mike Wheatley | December 27, 2019
New home sales enjoyed their best three-month performance since 2007 after seeing a big uptick in November, according to U.S. Commerce Department data published Monday. Economists say low mortgage rates and unemployment combined with strong sales growth led to the boost in sales. All told, sales of new single-family homes jumped 1.3% in November to […]
Home Builders/Developer's, US Real Estate

Decks are becoming less popular in new homes, data shows

By Mike Wheatley | December 4, 2019
Outdoor decks are losing popularity among home buyers, and so fewer new properties are being built with them according to the latest census data, the National Association of Home Builders reported this week. The data shows that just 22.6% of new homes built in 2018 feature decks, down a full percentage point from a year […]
Home Sales, US Real Estate

New home sales fall slightly in October

By Mike Wheatley | December 2, 2019
The number of new home sales in the U.S. fell slightly last month, but they remain almost 10% higher than they were this time last year, according to data released by the Commerce Department this week. In addition, the last two months in new home sales represent the highest monthly sales rate since October 2007, […]
Home Builders/Developer's, US Real Estate

Pricey building lots add to cost of new home construction

By Mike Wheatley | November 14, 2019
If you’re looking for the culprit behind the rising costs of new home construction, look no further than lot prices, which rose so fast that they outpaced inflation in 2018. That’s according to a new report from the National Association of Home Builders, which said the average lot price that year reached $49,500, a record […]
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Home Builders/Developer's, Home Sales, US Real Estate

New home prices tumble in September

By Mike Wheatley | October 28, 2019
Median prices for newly built homes dropped significantly last month, but not because builders are offering any special discounts or deals. Rather, the drop came due to a greater mix of price points builders are now selling at, CNBC reported. The median price of a new home was $299,400 in September, down 8% from the […]
Mortgage, US Real Estate

Unconventional loans grow in popularity

By Mike Wheatley | October 22, 2019
With home prices on the rise, a growing number of buyers are turning to unconventional types of loans to finance their purchases, especially in some western southern markets. Unconventional financing now accounts for around 28% of the new home build market, according to a new analysis of U.S. Census Bureau data by the National Association […]
Home Builders/Developer's, US Real Estate

Housing starts decline, but builders say they're okay with it

By Mike Wheatley | October 21, 2019
Housing starts fell by a fairly alarming 9.4% in September to a seasonally adjusted rate of 1.26 million units, according to new data from the Commerce Department. The multifamily sector, which includes apartments and condos, saw new starts fall by 28.2% to just 338,000. Single-family home starts were up 0.3% to 918,000 units. The decline […]
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