New Home Friday 11-17-2018
  • Post By : New Home Ambassador

Here’s How the Labor Shortage Is Impacting Housing, by the Numbers
  • Post By : New Home Ambassador
  • new home construction,labor shortage,builder trade in program,new home ambassador

NAHB Economist Robert Dietz breaks down the ways the lack of skilled construction labor is affecting the housing market.

 

Among the benefits of firming economic growth—GDP increased at a 4.2% annualized rate in the second quarter of 2018, the fastest pace since 2014—is ongoing job creation and low unemployment. At 3.7%, the current unemployment rate risks being too low. Right now there are more open, unfilled jobs in the economy than there are unemployed persons to fill them.

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Home price gains fall below 6% for the first time in a year: August S&P Case-Shiller index
  • Post By : New Home Ambassador
  • housing market,housing prices,mortgage rates,builder trade in program,new home ambassador

Mortgage interest rates didn't begin their recent surge until the start of September, but home prices were already feeling pressure, as fewer people could afford what was for sale.

Nationally, prices rose 5.8 percent in August compared with August 2017, according to the S&P CoreLogic Case-Shiller home prices index. That is less than the 6 percent annual gain in July.

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New Home Friday 11-02-2018
  • Post By : New Home Ambassador

Housing Is Still Affordable in the United States!
  • Post By : New Home Ambassador
  • housing affordability,builder trade in program,new home ambassador

Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.”

If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at the results of the latest Housing Affordability Report from the National Association of Realtors (NAR).

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Rising prices and interest rates are a 'one-two punch' to homebuyers, Lennar chairman says
  • Post By : New Home Ambassador
  • new home construction,interest rates,new home prices,Builder trade in program,new home ambassador

Rising prices and accelerating interest rates are a "one-two punch" to homebuyers, Lennar Executive Chairman Stuart Miller told CNBC on Thursday.

"The combination of both higher prices ... together with the acceleration and adjustment of interest rates — that is a one-two punch to what our buyers purchase, which is basically [a] monthly payment," Miller told CNBC's Diana Olick during a "Power Lunch" interview.

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The True Cost of NOT Owning Your Home
  • Post By : New Home Ambassador
  • home ownership,buying a home,builder trade in program,new home ambassador

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.

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New Home Friday 10-12-2018
  • Post By : New Home Ambassador

Are We About to Enter a Buyers’ Market?
  • Post By : New Home Ambassador
  • buyers market,market shift,builder trade in program,new home ambassador

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

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New Home Friday 10-5-2018
  • Post By : New Home Ambassador

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