Time for Millennials to Make Their Move

Could this be the year Millennials move out and up into the single-family housing market? Some experts believe the answer is “yes.” According to Jonathan Smoke, the National Association of Realtors’ chief economist, the constraints that have been holding back this influential segment of the first-time homebuyer market are finally beginning to ease. Unemployment, which …

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Maracay Homes Launches TRI Pointe Connect

Maracay Homes is pleased to announce the launch today of TRI Pointe Connect, an in-house mortgage originator aimed at delivering competitive mortgage products, personalized service and an enhanced buying experience. Formed as a joint venture between TRI Pointe Group, Maracay Home’s parent company, and imortgage, one of the nation’s top five nonbank retail mortgage lenders, …

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National housing news still positive heading into 2015

According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), firming home prices in markets across the country contributed to a fall of less than 1 percent in nationwide housing affordability in the third quarter of 2014. In all, 61.8 percent of new and existing homes sold between the beginning of July …

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Rebuilding the Construction Industry Workforce

Five years after the end of the Great Recession, contractors and construction professionals are facing the opposite labor pains of employers during the economic downturn: a shortage of skilled workers.  But here’s a piece of good news. Engineering News Record (ENR) recently reported that although federal funding for career and technical education programs has decreased …

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Returning to Normal

Approximately 17 percent of the nation’s 350 metro markets are approaching or exceeding their previous normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released earlier this month. The figure, which amounts to 59 markets, represents a net gain of 11 metros year over …

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Home building looks bright in 2014

Sunny and clear. That’s the outlook for the housing industry this year, according to the National Association of Home Builders (NAHB), which issued the forecast today in its Eye on the Economy newsletter. “The prospects for home building in 2014 are bright,” the NAHB states, adding that total housing starts are predicted to rise nearly …

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