One of the first questions new home buyers ask us is “How much home can I afford?” With today’s great news about low mortgage rates and home affordability, the answer may surprise you. How Much Home Can I Afford? 1. … Continue reading →
In another positive sign that the health of the new homes market is beginning to mend, construction activity in April showed a hefty leap from a year prior, with gains in permits, housing starts, and home completions. The data, released … Continue reading →
You see a home under construction and the workers building the home. You may consider the jobs represented by the various trades such as masons, carpenters, electricians, plumbers, and painters. But according to Dr. David Crowe, Chief Economist for the … Continue reading →
On the back of a stabilizing real estate market, new home construction definitely appears to be on the rise with some of the most recent news, and it’s exciting to hear about. If you’ve recently applied for a new building … Continue reading →
Uncertainty and anxiety over the purchase of a home is normal even in the best of economic times, and considering the wild economic ride we’ve all been on over the past five years, it’s no wonder that many buyers – … Continue reading →
A recent article in NAHB’s Eye on Housing blog points to recently released data from the Federal Housing Finance Agency (FHFA) that provides a slightly more optimistic view of the direction of local house prices than the national headlines typically … Continue reading →
Many economists are expecting a brighter year for housing, citing positive economic data in recent months. The U.S. housing market is beginning to mount a turnaround this year, building toward a solid recovery in 2013, says chief economist of the … Continue reading →
The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October … Continue reading →
Construction spending in the U.S. rose in November for a third time in four months, indicating the industry helped boost growth at the end of 2011. Building outlays increased 1.2 percent, exceeding the median estimate of 46 economists in a … Continue reading →
The number of improving housing markets continued to expand for a fourth consecutive month in December, rising from 30 to 41 on the latest National Association of Home Builders/First American Improving Markets Index (IMI), released today. The December list featured … Continue reading →