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Industry Update – December

Industry Update – December

Builder confidence for newly built single-family homes reached a milestone this month, jumping seven points to a level of 70 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). That measurement is 20 points above the index’s 50-point benchmark that indicates whether builders view market conditions as good (above 50) or …

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Industry Update: Housing Market Reaches New Heights

The housing market reached new heights in June, with sales for new single-family homes rising to their highest level in more than eight-and-a-half years, according to Reuters. While experts agreed that an upswing was in the forecast, few expected such a strong performance. According to the U.S. Department of Commerce (USDC), new home sales rose …

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Industry Update: March 2016

Great public schools, beautiful master-planned communities, expansive parks and friendly neighbors. What’s not to like about the suburbs? Maybe that’s why the dream of owning a single-family home in suburbia is still alive and well, as new data suggests. According to the National Association of Realtors’ (NAR) new quarterly Housing Opportunities and Market Experience (HOME) …

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Housing Affordability is on the Rise

If you’re in the market to purchase a new home any time soon, take heart. The latest National Association of Home Builders/Wells Fargo Housing Opportunity Index indicates housing affordability is improving. The national median home price fell to $226,000 in the fourth quarter, down from $231,000 in the third quarter last year, according to the …

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Industry Update

Both builder confidence and new home sales are trending upward, according to the most recent industry figures. Add in a budding economy and you’ve got a recipe for a healthy real estate market that could continue to gain steam as the year closes out. Recent data from HUD and the U.S. Census Bureau found that …

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Housing Market Continues to Improve, Despite Weak June

The nation’s housing recovery continues to chug along at a steady, albeit, slower-than normal pace. Here’s a look at the latest housing reports and how they reflect on the overall residential real estate market. National Association of Home Builders: June’s 482,000 new-home sales represented an 18 percent increase over the year before, but were 6.8 …

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The New Normal

Is there really any such thing as “normal”? The folks at real estate data company Trulia believe so, especially when it comes to defining how things should look in the nation’s housing industry. Their monthly Housing Barometer conveniently gauges how quickly the residential market is moving back to normal based on the performance of construction …

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