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U.S. new-home sales fall in October, but 2019 still looks good – Are your signs out?

Sales of new homes fell in October to an annualized rate of 733,000, according to the Census Bureau and the Department of Housing and Urban Development, but it still looks like 2019 is going to a vast improvement over 2018. According to the Census data, the October pace fell slightly off September’s pace, which was […]

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New Home Sales Post Strong Pace in October – Can the homebuyers find you?

November 26, 2019 -[NAHB.ORG] Sales of newly built, single-family homes decreased 0.7 percent to a seasonally adjusted annual rate of 733,000 units in October, off strong upward revisions to the September reading, 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, […]

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U.S. housing starts rise 3.8% in October – How’s Your Traffic?

Housing starts rose 3.8% in October to a seasonally adjusted annual rate of 1.314 million and the pace for September was revised upward, according to the Department of Housing and Urban Development and the Department of Commerce. While household construction is on the rise, Mark Fleming, First American’s chief economist, said homebuilders are yet to construct enough homes to […]

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Lower Mortgage Rates Push Housing Affordability to Highest Level in Three Years – Are Your Signs Out?

November 07, 2019 [NAHB.ORG] With mortgage rates at a three-year low and a healthy job market, housing affordability rose to its highest level in three years in the third quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today. In all, 63.6 percent of new and […]

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Pending Home Sales Rise in September – Can the Homebuyers Find You?

The National Association of Realtors’ Pending Home Sales Index (PHSI) rose 1.5% to 108.7 in September, the group said Tuesday. Year-over-year contract signings jumped 3.9%. An index of 100 is equal to the level of contract activity in 2001. Historically low mortgage rates played a significant role in the two straight months of gains, according […]

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VA mortgage lending increased 2.3% led by Millennials – Can they find you?

The number of loans backed by the Department of Veterans Affairs increased 2.3% in the 12 months through September, led by a 14% gain in the number of mortgages for Millennial-generation veterans and active-duty military. Borrowers aged 23 to 38 accounted for 211,276 loans, a 34% share of the total 624,332 mortgages backed by the […]

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Builder Confidence Hits 20-Month High – Can the Buyers Find Your Sales Center?

Builder confidence in the market for newly-built single-family homes rose three points to 71 in October, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Sentiment levels are at their highest point since February 2018 and have risen 13 points since the start of 2019. The housing rebound that began […]

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Millennials Want Spacious, New Single-Family Homes – Are Your Directional Signs Out?

Millennials (those born in 1980 or after) want a median of 2,407 square feet in a home, according to the NAHB report, What Home Buyers Really Want (2019 Edition). The report is based on a survey of prospective and recent home buyers and asks them about the features they want in a home and a […]

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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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