New Home Sales Rise 3.5 Percent in August Even as Affordability Concerns Persist – Can the homebuyers find you?

Source:  NAHB.org September 26, 2018 Sales of newly built, single-family homes rose 3.5 percent in August to a seasonally adjusted annual rate of 629,000 units after downwardly revised June and July reports, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. These downward revisions suggest […]

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Existing Sales Steady – Will they buy a new home? Make sure your directional signs are out!

Source: Eyeonhousing.org Existing-home sales were unchanged in August, and are 1.5% below the level a year ago. The first-time buyer share of 31% was down from 32% last month and unchanged from a year ago. The National Association of Realtors reported that 52% of homes sold in August were on the market less than a […]

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Homebuilder confidence holds its ground – Demand is Consistent – Can they find you?

Source:  Housingwire.com Although homebuilders still fear increasing material costs, homebuilder confidence remained unchanged at 67 in September, according to the National Association of Home Builders/Wells Fargo Housing Market Index.  “Despite rising affordability concerns, builders continue to report firm demand for housing, especially as Millennials and other newcomers enter the market,” NAHB Chairman Randy Noel said. “The recent decline in […]

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First American: Home prices could be at tipping point – Pent Up Demand Still Heavy – Can they find your sales center?

Source:  Housingwire.com Home prices may have finally reached their tipping point after increasing 11.4% year-over-year. According to First American’s Chief Economist Mark Fleming, home prices are in the beginning stages of correcting to demand. “As buyers pull back from the market and sellers adjust their price expectations, house prices will adjust, but the strong economic […]

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Home Sales Expected to Continue Increasing in 2019

Source:  KeepingMattersCurrent.com Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales […]

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Housing starts ticked up in July – Can the homebuyers find you?

Housing starts slightly increased 0.9% in July, according to the latest report from the U.S. Census Bureau. Privately owned housing starts increased in July to a seasonally adjusted annual rate of 1.17 million, up 0.9% from June’s 1.16 million, however this is down 1.4% from the annual rate of 1.19 million in June 2017. Single-family housing starts increased 0.9% month-over-month […]

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Most Buyers Actively Searching for a Home Have Been Looking for 3+ Months – Can they find you?

The Housing Trends Report (HTR) is a research product created by NAHB’s Economics team to track prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets.  Results are based on national polls conducted by Morning Consult, but are not seasonally adjusted due to the short time horizon of the series, […]

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Yun: How We’re Doing 10 Years After the Great Recession – How is your sales center traffic?

Source: Realtor.com It’s been a decade since the onslaught of the Great Recession, and the housing market has healed and changed drastically since then. Home prices in many markets have hit record highs—beating their prerecession levels—and foreclosure rates are historically low, according to the National Association of REALTORS®. Stronger lending and regulatory reforms in recent […]

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14% of Adults Plan to Buy Home in Next 12 Months; Most for the First-Time – are your signs out?

Source:  Eyeonhousing.org This post releases the second edition of the Housing Trends Report (HTR), a research product created by the NAHB Economics team with the goal of measuring prospective home buyers’ perceptions about the availability and affordability of homes for-sale in their markets.  The HTR will be released quarterly in order to track changes in […]

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Builder Confidence Stays at Healthy Level in July – Homebuyers are out – can they find your sales center?

Source:  NAHB.org Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 68 reading in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains and low unemployment in many parts […]

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