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New Home Construction

All articles tagged with #new home construction

real-estate1 year ago•3 min saved

"Surge in New Homes Floods Housing Market"

The housing market saw a surge in new-home construction in February, with privately owned housing completions and housing starts both experiencing significant increases. The rebound is attributed to warming weather and improved supply chains, signaling a recovery from pandemic-related volatility. The construction of single-family properties is expected to alleviate pressure on the market, and building permits for new-home construction also rose, indicating a positive outlook for the year. As warmer weather approaches and interest rates are expected to decrease, activity in the housing market is anticipated to pick up even more during the prime spring home-buying season.

via Newsweek|

#building-permits #housing-market #housing-starts

real-estate2 years ago•2 min saved

The Rise of Homebuilding: A Promising Outlook for 2024

The CEO of Howard Hughes predicts a "golden age" of new home construction in 2024, driven by falling mortgage rates and increased demand. Homebuilders are offering attractive discounts, such as mortgage rate buydowns, to entice buyers. However, the existing home market is expected to remain stagnant due to high borrowing costs, discouraging homeowners from selling. The supply-demand imbalance is projected to worsen, further driving demand for new home construction. Lower mortgage rates are needed to unlock existing home inventory, but experts only anticipate a slight easing of rates in the coming year.

via Business Insider|

#existing-home-market #home-builders #housing-market

real-estate2 years ago•0 min saved

US Housing Starts Show Signs of Stabilization and Growth

New-home construction increased in April, which is a positive sign for prospective buyers as the supply of existing homes remains low. However, the pace of construction is still lower than last year.

via Barron's|

#april-data #housing-market #new-home-construction

real-estate2 years ago•2 min saved

Homebuilder Confidence Soars Despite Interest Rate Hurdles

Limited inventory of existing homes due to sub-5% mortgage interest rates has led to an increased demand for new home construction, with builder confidence rising for the fifth straight month. Sales of newly built single-family homes rose nearly 10% in March, and 33% of homes listed for sale were new homes in various stages of construction. However, builders continue to face challenges in meeting the growing demand for new construction, including shortages of building materials and tightening credit conditions for residential real estate development and construction brought on by the actions of the Federal Reserve to raise interest rates.

via USA TODAY|

#home-builders #home-prices #housing-market

real-estate2 years ago•2 min saved

Homebuilder Sentiment Reaches 10-Month High Amid Limited Housing Supply

Homebuilder sentiment in the US housing market rose to its highest level since July, as declining mortgage rates and limited inventory helped drive demand higher for new homes. The National Association of Home Builders/Wells Fargo Housing Market Index rose five points to 50, marking the first time in nearly a year that the index pulled out of negative territory. The interest rate-sensitive housing market has borne the brunt of the Federal Reserve's aggressive campaign to tighten policy and slow the economy. Limited inventory has also bolstered demand this month, and new construction will continue to be a significant part of prospective buyers’ search in the quarters ahead.

via Fox Business|

#homebuilder-sentiment #housing-market #limited-inventory