The continued shortage of existing homes for sale has helped to keep new single-family construction growing across all regions, according to the latest National Association of Home Builders release of the Home Building Geography Index (HBGI). Despite persistent factors that continue to affect housing affordability, including a limited supply of buildable lots, rising construction costs, and a shortage...
When you think about housing-related investments, homebuilder stocks should come to mind. These companies turn the dream of new housing into reality. They buy up land, design communities, and build homes that make the dream possible. The next homebuilder boom could already be underway. And the eventual upside could be massive in the months ahead. Full article here: Homebuilder Stocks Could Jump...
U.S. single-family house prices increased solidly in December, despite improving supply, which together with elevated mortgage rates will continue to erode affordability. House prices rose 0.4% on a month-on-month basis after an upwardly revised 0.4% increase in November, the Federal Housing Finance Agency said. They increased 4.7% in the 12 months through December. Full article here: US house...
Why are houses so expensive? In just about every corner of America, it’s a familiar refrain. Housing is too expensive – if it’s even available. Of course, there are very specific reasons why a property in any particular community has the price tag it does. Still, there are a few key reasons why America has what many people consider a national housing crisis. Full article here: Why is housing...
Research shows new homes are shrinking, and a recent study shows that matches consumer preferences. When it comes to what home buyers want, detached single-family homes continue to be a hot commodity. And while buyers are looking for larger properties, it’s not a whole lot more than what they currently have, according to the National Association of Home Builders. Full article here: New...
The market for million-dollar homes is expanding across the United States, but growth isn’t limited to traditional luxury hubs. The metros of Colorado Springs, CO, Durham-Chapel Hill, NC, and Seattle are also seeing significant increases in seven-figure sales, driven by distinct factors. Full article here: Million-Dollar Home Sales Are Growing—and Affluent Buyers Are Paying in Cash (512)...
Home prices finished 2024 strong, NAR data shows. But in the last five years alone, median home prices have jumped 50%. “Record-high home prices and the accompanying housing wealth gains are definitely good news for property owners,” says NAR Chief Economist Lawrence Yun. Full article here: 90% of Markets Saw Home Price Gains in Fourth Quarter (512) 853-0110...
Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots. Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units. Full article here: Housing Starts End 2024 on an Up Note (512)...
Though today’s housing market presents a challenge for many hopeful homeowners, a recent Realtor.com® survey reveals that owning a home is still a life goal for many Americans. Roughly two-thirds of Americans have the goal of owning a home and nearly as many (59%) feel that homeownership is achievable for them. Notably, half of all respondents believe that homeownership is necessary to achieve...
Single-family housing starts rebounded in December ending the year with more new construction than in 2023. Despite rising housing inventory coupled with higher uncertainty about the future path of mortgage rates, builders remained cautiously optimistic and ended the year on a strong note. Full article here: Single-Family Starts Rebounded in December 2024 To Their Highest Level Since 2021 (512)...
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