House-Buying Power at Near-Historic Levels

by Builder Trade In Program Jul, 17

We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.”

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Energy Efficiency in New Home Construction: Beyond an Amenity

by Builder Trade In Program Jul, 16

Homebuyers are savvier than ever when it comes to knowing what they want in a home. In addition to functional floorplans and new finishes and features, energy efficiency continues to top the list of desired amenities. Builders who understand and can communicate energy-efficient benefits can provide unique added value to the growing number of buyers who, whether they recognize it or not, want these features in their homes.

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Welcome to your Weekend!

by Builder Trade In Program Jul, 11

CityScape's Urban H20asis

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How Long Do Most Families Live in a House?

by Builder Trade In Program Jul, 10

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving.

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WELCOME TO HOUSING'S NEW NORMAL

by Builder Trade In Program Jul, 09

Can we break our 10-year cycle of mediocrity?

Atlanta, the former No. 1 new-home market, remains a barometer for the nation. At 25,000 permits, Atlanta is still the third largest new home market in the U.S., but almost nine years into our “recovery,” we are still 50% below our pre-bubble normal (Atlanta permit chart). This is in spite of nearly a decade of positive job growth, positive in-migration and population growth. All of MarketNsight’s 18 cities across the Southeast exhibit this trend. Most cities are still anywhere from 30% to 60% below pre-recession levels. Whom are we missing?

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Buying This Summer? Be Prepared for Bidding Wars

by Builder Trade In Program Jul, 03

 

Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different!

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Homebuilder sentiment drops in June due to soaring lumber costs

by Builder Trade In Program Jul, 02

U.S. homebuilders are thrilled with demand for housing, but they say they are being hamstrung by rising costs for lumber.

Builder sentiment fell 2 points to 68 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index stood at 66 last June. A reading above 50 is considered positive sentiment.

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