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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Single-Family Starts Increase in June – Are your signs out?

Single-family gains helped offset a drop in multifamily production as total housing starts edged 0.9 percent lower in June to a seasonally adjusted annual rate of 1.25 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. The June reading of 1.25 million starts is the number of housing […]

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This is what the typical first-time homebuyer looks like – Can First-Time Homebuyers Find You?

There were 3.1 million first-time homebuyers in 2016 and early 2017, according to a recent study on the state of the nation’s housing market by Harvard’s Joint Center for Housing Studies. And, these buyers tend to be younger, more diverse and more likely to have children. They are also more likely to purchase smaller homes […]

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Nationwide’s Berson: 2019 will be “solid year” for housing market

Index measuring housing conditions at highest point in three years Despite choppy data on the housing market over the last few months, Nationwide Chief Economist David Berson says 2019 will outperform 2018. “Economic figures from early in the year were probably negatively affected by the government shutdown as well as the impacts of higher interest […]

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Declining mortgage rates spur growth in May’s pending home sales Pending home sales rose 1.1% in May – How are your sales?

Declining mortgage rates drove an increase in pending home sales, pushing the index forward 1.1% in May, according to the latest report from the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator based on contract signings, slightly increased to 105.4 in May, rising from April’s 104.3. Despite this growth, NAR indicates that year-over-year contract […]

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Builder Confidence Solid in June Amidst Growing Economic Uncertainty – Homebuyers are out – can they find you?

Builder confidence in the market for newly-built single-family homes fell two points to 64 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Sentiment levels have held at a solid range in the low- to mid-60s for the past five months. While demand for single-family homes remains sound, […]

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Home Sizes May Be Indicator for Economy’s Health – Can your target market find your sales center?

The size of newly constructed homes may be a sign of how well the economy is doing, according to a new analysis by Robert Dietz, chief economist for the National Association of Home Builders. “Typical new-home size falls prior to and during a recession as home buyers tighten budgets, and then sizes rise as high-end […]

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Consumer Housing Affordability Has Improved – Can the homebuyers find you?

In March, home prices retreated 0.9%, sliding 0.04% year over year, according to First American’s Real House Price Index. According to First American ’s data, unadjusted house prices sit 2.6% above the housing boom peak. Additionally, consumer buying power rose 1.5% between February and March, increasing 5.2% year over year. This means when consumer house-buying power is factored in, home […]

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New Home Sales Post Solid Numbers in April Up 10.3% in South – Homebuyers are out – Can they find you?

After an upward revision, March and April newly-built single-family homes sales data indicate that lower mortgage rates and price incentives increased the volume of transactions as the spring home buying season stabilized after weakness in late 2018. Contracts for new, single-family home sales declined to a 673,000 seasonally adjusted annual rate according to estimates from […]

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