Tag Archives: NAHB

Homebuilders Expect A Soft Winter Housing Market

Two months after posting their worst confidence reading of 2011, home builders say they foresee no improvement in the immediate- or medium-term market for new homes nationwide. Continue reading

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As Buyer Foot Traffic Rises, So Does Homebuilder Confidence

According to the NAHB, October’s HMI reading of 16 is its highest value in 5 months. The uptick hints that the market for newly-built homes may rebound more quickly that this summer’s weak new homes sales figures would otherwise suggest. Continue reading

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Home Builder Confidence Falls Again; Home Buyers Gain Leverage?

After reaching a 3-year high just 90 days ago, the National Association of Homebuilders’ Housing Market Index is now at a multi-year low after falling by almost half. Continue reading

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Sagging Homebuilder Confidence Opens The Door For Good Deals

Remember, it wasn’t too long ago that most builders were flush with home inventory, unable to find willing buyers. To help move product at that time, builders dropped prices and offered incentives including free upgrades. If confidence continues to sag going forward, home purchase deals of that nature may return — especially as the foreclosure market gets larger. Continue reading

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What’s Ahead For Mortgage Rates This Week : July 19, 2010

Mortgage rates are artificially right now so even the slightest jolt could cause them to spike. It would be similar to what happened in June 2009 when rates rose 1.125% in just 10 days’ time. Therefore, if you’re shopping for a mortgage and like the rate you’ve been quoted, consider locking in as soon as possible. Continue reading

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The Supply Of New Homes For Sale Just Dropped Off A Cliff

At the current sales pace, the nation’s complete supply of new homes would be sold in just 5 month’s time. That’s more than double the pace of a year ago.
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Home Opportunity Index Ranks 225 Metro Areas For Affordability

With home prices still relatively low and mortgage rates trolling near their all-time best levels, home affordability is extraordinarily high in most U.S. markets. Continue reading

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