New Home Construction the Solution to Inventory Crisis

new home construction

Unemployment rates are at their lowest level since 2000, while the economy is by all accounts running strong. But although these conditions might normally seem ideal for the real estate market, sales remain stagnant, with existing-home sales actually down by 1 percent year over year. One of the main problems is low inventory, which means …


Construction of more new homes could ease inventory crunch

A stronger economy, wage growth and an improving job market are expected to march home sales. Prices are higher in 2018, but low supply and weakening affordability will tamper the rate of increases. Despite headwinds a moderate and multiyear increase in home sales is likely ahead. After accelerating 3.8 percent in 2016, existing-home sales rose …


How to Find the Perfect Land Lot, Get a Construction Loan and Build Your Dream Home

Would you love to have your own custom-built dream house? A construction loan can make that dream come true. This type of financing can be a little confusing. So, put on your overalls — we’re going to help you build a good foundation of knowledge about construction loans. Construction loans typically have higher interest rates …


More first-time home buyers are choosing new construction

first-time home buyers

Rising home prices, low inventory that can make it impossible to find anything to purchase and the prospect of losing bidding wars make this a frustrating time to look for a house, especially for  first-time home buyers. Growing numbers of people looking for their first house are coming up with a new strategy. Instead of …


Single-family Rentals are Overtaking the Housing Market—Here’s Why

Single-family rentals either detached homes or townhomes are developing faster than any other portion of the housing market. Urban Institute says that these rentals outpace both single-family home purchases and apartment-style living. In the recent years, rental units filled the housing demand.  In fact, single-family rentals have gone up 30% within the last three years. …


New-home sales flatline in February but trend slowly up

The median sales price in February was $326,800, nearly 10% higher than a year ago. New-home sales ran at a 618,000 seasonally adjusted annual rate in February, the Commerce Department recently reported. Sales of newly-constructed homes were little changed in February, with a 0.6% decline compared the previous month, but January’s tally was revised up …


Home Prices Soar High- What Will the Federal Reserve do?

After the peak of the housing bubble in 2006, U.S. home prices fell for six years, until 2012. Are these memories getting a little hazy? The Federal Reserve, through forcing years of negative real short-term interest rates, suppressing long-term rates, and financing Fannie Mae and Freddie Mac to the tune of $1.8 trillion on its own …


New home construction sets strong pace for 2018

Home construction starts increased in January, starting 2018 off at a strong pace. However, it is unclear if that pace will continue. Privately owned housing starts came in at a seasonally adjusted annual rate of 1.33 million in January. This is according to the latest release from the U.S. Census Bureau. This is up 9.7% …


New home builders in Orlando area keep moving outward

Any drive around the outskirts of Metro Orlando reveals plenty of new homes under construction — with more than 3,900 people moving to the area every month, according to recent U.S. Census Bureau statistics, a plethora of home builders have been happy to build more roofs to help shelter the new arrivals. Finding homes for …


A Bullish New Year for New Home Building

Real estate industry insiders have notes that prospects are good for the U.S. economy in 2018. Economic expansion celebrated its eighth year in November, making it the third longest in American history. It’s expected that this expansion could become the longest in history. Possibly surpassing the tech-driven boom of the 1990s, which lasted 10 years …