Rebounding Continues in August in New Home Sales – How is your traffic?

Contracts for new, single-family home sales increased in August by 7.1% to a 713,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The increase came off a upwardly revised July estimate, which was increased from an initial reading of 635,000 to a new estimate of 666,000. Year-over-year, the August estimate […]

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New Home Sales Post Solid Gains in August – How is your traffic?

Sales of newly built, single-family homes increased 7.1 percent to a seasonally adjusted annual rate of 713,000 units in August off a revised upward reading in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 […]

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Housing Starts Rebound in August – Can the homebuyers find your sales center?

Total housing starts posted a 12.3 percent increase in August (1.364 million units) compared to an upwardly revised July estimate of 1.215 million units, according to the joint data release from the Census Bureau and HUD. Relative to August 2018, total starts are 6.6 percent above the annual pace of 1.279 million units. Single-family production […]

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Experts: New housing construction shortage expected to last until 2022 – Homebuyers are out – Can they find you?

The rate at which new housing in being built in this country has not recovered since the housing crisis, and it looks like that trend may be sticking around for a while. New housing start rates are expected to remain below historical averages through 2022, or later, according to new research from Zillow. The average seasonally […]

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FHA to make financing easier for condo owners – Rule Goes Into Effect October 2019 – Are you getting the homebuyers?

The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it will now allow individual unit approval and is taking other steps to loosen requirements that make these properties eligible for FHA financing. Under the revised guidelines – which take effect Oct. 15, 2019 – an individual condo […]

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New Home Sales Solid in July, as June Numbers Strongly Revised Upward – Can the homebuyers find you?

Sales of newly built, single-family homes fell 12.8 percent to a seasonally adjusted annual rate of 635,000 units in July off a strongly revised upward reading in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for […]

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Americans have never felt better about buying a house than they do right now – Can they find your sales center?

In July, housing confidence increased as more Americans reported now is a good time to buy, according to Fannie Mae’s latest Home Purchase Sentiment Index. According to the GSE’s report, sentiment rose by 2.2 points in July to 93.7. Not only is this a 7.2-point increase from last year’s level, but it also marks a new […]

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55+ Housing Market Remains Solid in Second Quarter – Active Adults are Looking – Can they find you?

Builder confidence in the single-family 55+ housing market remained solid in the second quarter with a reading of 71, edging down one point from the previous quarter due to softness in traffic of prospective buyers, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today. The 55+ HMI measures […]

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New Home Sales Rebound in June but Affordability Concerns Persist – Can the homebuyers find you?

Sales of newly built, single-family homes increased 7 percent to a seasonally adjusted annual rate of 646,000 units in June from a downwardly revised reading in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 […]

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New home sales rise in June after two months of declines – Are the homebuyers finding you?

Sales of new homes increased to an annualized rate of 646,000 in June, according to the Census Bureau and the Department of Housing and Urban Development. June’s rate was 7% higher than May’s downwardly revised rate of 604,000 and 4.5% higher than a year earlier when it was 618,000. The median sales price of new homes […]

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