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Here’s What Buyers of Newly Constructed Homes Want

Here’s What Buyers of Newly Constructed Homes Want

From The Washington Post by Michele Lerner July 26 -- Home builders naturally want to know what buyers want now and what they think they want in the future. Ashton Woods, a home builder in multiple markets in Florida, Texas, Arizona, North Carolina, South Carolina and Georgia, recently surveyed homeowners who plan to buy a new residence in the next 10 years to evaluate their preferences.
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14% of Adults Plan to Buy Home in Next 12 Months -- and 61% Will Be Shopping for a Newly Built Home!

14% of Adults Plan to Buy Home in Next 12 Months -- and 61% Will Be Shopping for a Newly Built Home!

From the NAHB, By Rose Quint on July 24, 2018 -- Fourteen percent of poll respondents are planning to buy a home within the next 12 months, and for 61% of those prospective home buyers, this would be their first time buying a home. In comparison, in the first quarter of 2018, 17% of respondents had plans to purchase a house within a year, and of those, 45% self-reported as first-time buyers.
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America’s 10 Fastest-Growing Suburbs Aren’t ‘Sleepy’ At All: It's a 'Burb Boom!

America’s 10 Fastest-Growing Suburbs Aren’t ‘Sleepy’ At All: It's a 'Burb Boom!

From Realtor.com by Lance Lambert | Jul 16, 2018 -- Americans are falling in love with the ’burbs again. The longstanding romance cooled a bit after the 2008 financial crisis, but as cash makes its way back into personal savings accounts, folks are again indulging their instinctual urge to grab their own piece of the national dream—front and back yard included, thank you very much.
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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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