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Economists Forecast Less Risk of Economic Downturn Over the Next Year

Economists Forecast Less Risk of Economic Downturn Over the Next Year

From MarketWatch -- Economists think an economic downturn through early 2019 is now less likely, MarketWatch staffer Greg Robb reports. Professional forecasters surveyed by the Philadelphia Fed see less of a chance of a contraction in real gross domestic product in any of the next four quarters. For the current quarter, the forecasters predict only a 5.3% chance of a contraction, down from 9.1% in the survey three months ago. In fact, Macroeconomic Advisers, which tracks quarterly growth,...
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Housing Starts Make Solid 10% Gain Over December

Housing Starts Make Solid 10% Gain Over December

REPOSTED DIRECTLY FROM INMAN NEWS.  The January 2018 joint report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development on new residential construction offers some good news for the inventory-deprived housing market.
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Confidence in Housing Makes Near-Record Return

Confidence in Housing Makes Near-Record Return

By Suzanne De Vita for RISMedia --  Confidence in housing made a near-record return in November in the Fannie Mae Home Purchase Sentiment Index® (HPSI), derived from Fannie’s National Housing Survey® (NHS). The HPSI overall posted 87.8 in November, 2.6 percentage points higher than the month prior. The Index hit all-time highs in February of this year, and again in June and September.
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New-Home Sales Surge in October

New-Home Sales Surge in October

RISMedia -- New-home sales rose in October, with sales of new, single-family homes up 18.7 percent to 685,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $400,200, while the median was $312,800. New-home listing inventory was 312,800—4.9 months supply.
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New-Home Sales Shoot up in September

New-Home Sales Shoot up in September

RISMedia -- New-home sales shot up in September, with sales of new, single-family homes up a stratospheric 18.9 percent to 667,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $385,200, while the median was $319,700. New-home listing inventory was 279,000—5.0 months supply.
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2018: The Year of New-Home Sales

2018: The Year of New-Home Sales

RISMedia - 2018 is expected to be the year of new-home sales, according to Freddie Mac’s recently released monthly Outlook for September 2017. Roughly 1.33 million housing starts are forecasted for next year, and new-home sales, together with existing-home sales, are projected to rise 2 percent.
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Slow and Steady Growth Wins the Race for Home Building — and the Economy - from Market Watch

Slow and Steady Growth Wins the Race for Home Building — and the Economy - from Market Watch

The home-building recovery has been slow and steady – and nearly nine years after the housing crisis, housing construction isn’t yet fully healed. That’s probably a good thing. It means housing construction will continue to buoy economic growth for some time — and data out this week will shed light on the strength of the residential construction sector.
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Hopes High as Home Builders Encouraged by New Administration -- From RISMedia.com

Hopes High as Home Builders Encouraged by New Administration -- From RISMedia.com

Home builders have high hopes for the year ahead, anticipating a solid real estate market while being encouraged by the promises of a new administration. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) posted 67 this month, a decrease of only two points from December 2016, with the measure of “buyer traffic” at 51, the measure of “current sales conditions” at 72, and the measure of “sales expectations” at 76. An above-50 reading indicates more build...
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Understand the Details of Residential Construction to Increase Your Professionalism, Confidence and Sales Success

Understand the Details of Residential Construction to Increase Your Professionalism, Confidence and Sales Success

by Zoe Eisenberg - In an industry where clients can find all the information they need with the click of a mouse, it’s important for real estate agents to be as knowledgeable as possible in every facet of the business. One educational plane that more agents are diving into is understanding the details of residential construction.
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