A great deal of progress has been made in the real estate market since the housing crisis in 2008.
More individuals are applying for U.S. home mortgages, and consumer default rates decreased in September.
S&P Dow Jones Indices show low default rate. According to a recent press release from S&P Dow Jones Indices, there was a composite default rate of 0.89% in September. This is down seven basis points when compared month over month.
New-home construction in the U.S. climbed in September, a sign residential real estate will bolster the world’s largest economy.
Housing starts increased 6.5 percent to a 1.21 million annualized rate, more than forecast and the second-highest level in eight years, figures from the Commerce Department showed Tuesday in Washington. A drop in building permits indicates the rebound will be slow to materialize.
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Times they are a changin’ and the new homes of today and in the future have had to mold to the lifestyles of our future. Consideration of our natural resources and the technology demand need to be realized and recognized in the construction of our new homes today.
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The RESNET HERS Index is the industry standard by which a home's energy efficiency is measured. The HERS or Home Energy Rating System was developed by RESNET and is the nationally recognized system for inspecting and calculating a home's energy performance. Certified RESNET Home Energy Raters conduct inspections to verify a home's energy performance and determine what improvements can be made to increase it.
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According to the latest report from the US Census Bureau and the Department of Housing and Urban Development, newly constructed home sales jumped 5.7% month-over-month and 21.6% year-over-year to an annual pace of 552,000. Many buyers are looking to the new homes market to make up for the lack of existing home sales inventory. National Association of Home Builders Chief Economist David Crowe explains:
The evolution of master-planned communities has been advancing since the 1980’s with a shift in emphasis from private homes and yards to the public domain. According to Eric Osth, managing principal at Pittsburgh-based Urban Design Associates, towns like Seaside and Celebration, Florida established the value of new communities and urbanism. Celebration took those values to the masses which helped builders understand how to actually build a town. These communities are designed with walking and bike paths, and convenient access to work, shopping, entertainment, and transit links. People are looking for less stressful solutions and maximizing their day. Bike to work…. Less commuting… Save gas/mileage... equals great exercise.
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