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 […]
