According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with […]
Housing inventory indicates market isn’t headed for a crash
Whether or not you owned a home in 2008, you likely remember the housing crash that took place back then. And news about an economic slowdown happening today may bring all those concerns back to the surface. While those feelings […]
Surprising shift favors sellers: Buyers now prefer existing homes
In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an […]
Home builder confidence hits all-time record
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home […]
Lumber prices soar; expect new home prices to follow
Lumber prices in the U.S. have steadily risen since the COVID-19 outbreak began, due to an increase in demand combined with lumber mill shutdowns. The price of lumber for September delivery rose 3.1% to an all-time high of $641.60 per […]
Buyers more likely to buy existing homes vs. new construction
Many people believe that when it comes to real estate, buyers want something brand new. But according to a recent report, the vast majority of buyers end up purchasing existing homes. According to the New Construction Consumer Housing Trends Report […]
