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New Home Sales at Highest Pace Since September 2006 – Can the homebuyers find you?

New single-family home sales surged in August, as housing demand was supported by low interest rates, a renewed consumer focus on the importance of housing, and rising demand in lower-density markets like suburbs and exurbs. Census and HUD estimated new home sales in August at a 1.01 million seasonally adjusted annual pace, an approximate 4.8% […]

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Home Purchasing Reaches Highest Level in Over a Decade – Are your signs out?

For the week ending September 18, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing, as its Market Composite Index increased 6.8% from the previous week on a seasonally adjusted basis. Most notably, the Purchasing Activity reached its highest level since January 2009, when […]

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Single-Family Starts Expand in August – Are Your Community Signs Out?

Single-family starts showed continued growth in August but overall housing production fell 5.1 percent to a seasonally adjusted annual rate of 1.42 million units due to a double-digit percentage decline in multifamily production, according to data from the U.S. Housing and Urban Development and Commerce Departments. The pace of single-family starts in August was the […]

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More Buyers Look to the Suburbs for New Homes – Can They Find You?

More homebuyers are looking to move to the suburbs.  And, despite rising lumber costs, housing remains in high demand. New home sales surged in July, increasing 14% and reaching a post-Great Recession high of 901,000 at a seasonally adjusted annual rate. Inventory fell to a lean four-month supply. New home prices are expected to rise […]

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Insatiable demand drives July pending home sales up 15% annually – Are your signs out?

U.S. pending home sales rose 5.9% in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said […]

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New home construction shoots up 22.6% in July – How’s Your Traffic?

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% jump from June, according to a new report from the U.S. Census Bureau. Privately owned single-family housing starts showed growth not only over the previous month but the previous […]

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Builder Confidence in the 55+ Housing Market Bounces Back in Second Quarter – Can they find you?

Builder confidence in the single-family 55+ housing market bounced back in the second quarter, jumping 27 points to 65, according to the NAHB 55+ Housing Market Index (HMI) released today. The 55+ HMI measures two segments of the 55+ housing market: single-family homes and multifamily condominiums. Each segment of the 55+ HMI measures builder sentiment […]

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Pending home sales surge for a second straight month – Got your signs out?

U.S. pending home sales increased 17% in June, the second consecutive month of double-digit gains, as low mortgage rates spurred demand for homes. A seasonally adjusted index measuring signed contracts was 6.3% above the year-ago level after state lockdowns caused by the COVID-19 pandemic pushed transactions into summer months, said Lawrence Yun, chief economist of […]

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U.S. homeownership rate soars to an almost 12-year high – How is your traffic?

The U.S. homeownership rate soared to an almost 12-year high in the second quarter as low interest rates allowed more Americans to qualify for mortgages. The homeownership rate jumped to 67.9%, the highest since 2008’s third quarter, from 65.3% in the prior quarter, the Census Bureau said on Tuesday. The reported noted a change in […]

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Sales of new houses jump to a 13-year high – Can the homebuyers find you?

Low mortgage rates and pent up demand from buyers drove sales of new houses to a 13-year high in June, according to a government report. Builders sold 776,000 houses at an annualized and seasonally adjusted pace, a gain of 14% from the upwardly revised May gain of 19.4%, the Commerce Department said Friday in a […]

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