• Post By : New Home Ambassador
  • new home construction,new home starts,new home buyers,builder trade in program,new home ambassador

Can we break our 10-year cycle of mediocrity?

Atlanta, the former No. 1 new-home market, remains a barometer for the nation. At 25,000 permits, Atlanta is still the third largest new home market in the U.S., but almost nine years into our “recovery,” we are still 50% below our pre-bubble normal (Atlanta permit chart). This is in spite of nearly a decade of positive job growth, positive in-migration and population growth. All of MarketNsight’s 18 cities across the Southeast exhibit this trend. Most cities are still anywhere from 30% to 60% below pre-recession levels. Whom are we missing?

Homebuilder sentiment drops in June due to soaring lumber costs
  • Post By : New Home Ambassador
  • new home construction,new homes,builder trade in program,new home ambassador

U.S. homebuilders are thrilled with demand for housing, but they say they are being hamstrung by rising costs for lumber.

Why Have Interest Rates Jumped to a 7-Year High?
  • Post By : New Home Ambassador
  • interest rates,new home builders,builder trade in program,rider elite team


Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

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