Currently viewing the tag: "Housing Starts"

New Home Sales Report Shows Decline

On November 30, 2010 By

Builder confidence indicates that negotiations in the spring will not favor buyers as strongly as last spring. Add to it the fact that mortgage rates rising, the best deals on a new home may be now.

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Housing Starts Jump In September

On October 20, 2010 By

Housing starts moved higher according to the Commerce Department. September’s single-family housing starts increased to 452,000 units in September, a 19,000 improvement over August.

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Homebuilder Confidence Ticks Higher

On October 20, 2010 By

It’s a beautiful cycle, until the economic growth creates higher mortgage rates and home prices. As compared to a year ago, the 30 year fixed rate mortgage is lower by 0.75% or $90/month on a $200,000 loan. It has created historically unprecedented levels of home affordability.

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Market Stabilizing: New Home Sales Unchanged

On September 28, 2010 By

Aside from builder incentives and the naturally stronger negotiating position for today’s buyer, the fact that mortgage rates are down 0.75% since the beginning of the year. Homes were already more affordable just with the dip in prices, but coupled with mortgage rates we’re now we’re nearly off the chart.

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Housing Starts Lead Headlines, Headlines Aren't Always Accurate

On September 23, 2010 By

In Chicago, our housing market isn’t influenced by those big builders as much as it is by the differences between neighborhoods. For data like that, no one has better access that your real estate agent.

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New Home Supply Higher

On August 26, 2010 By

Yesterday’s news was from the National Association of Realtors and was the weakest Existing Home Sales report in 15 years. Today’s story is a similar release from the U.S. Census Bureau regarding the New Home Sales report.

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Single-Family Housing Starts Fade In July

On August 18, 2010 By

Sometimes, you need to look deeper than the headlines to get the news that matters. This basic truth’s latest example comes from the July Housing Starts data, as published by the U.S. Census Bureau.

According to the newspapers,

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Housing Starts Higher

On May 19, 2010 By

Home prices are based on housing’s supply and demand. For the next few months, supply should elevate, helping prices remain suppressed, after which, supply should dwindle. The best time to buy a home, therefore, may be right this very minute.

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Housing Starts Data Hints That Housing Will Expand Even After The Tax Credit Expires

On April 20, 2010 By

After a strong March showing and a surprise upward-revision for February, are, once again, trending better.

It’s yet another signal that the nationwide is stabilized.

A Housing Start is a new home on [...]

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First Time Home Buyer Tax Credit Expiration: Not Slowing Down Builders

On April 20, 2010 By

A Housing Start is a new home on which construction has started and, over the last 6 months, home builders are averaging one half-million starts per month. This marks the highest 6-month average since 2008 and a reading one-fifth percent better from 12 months ago. Revisions to prior data have all been higher, too.

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