Despite an overvalued market in the Western region, home prices in the U.S. remain affordable, even as rising home prices are expected to see a slowdown during the year, according to a report.
Read More »Homeowner Needs After Wildfires Fall Short of Expectations
Though the wildfires in Sonoma county, California destroyed thousands of homes, displaced residents have found accommodations through their family, friends, or insurance company resulting in a low demand for government-provided housing.
Read More »Housing Market Gets a Vote of Confidence from Builders
Despite a slight drop in confidence due to rising building material costs and labor shortage, builders remain optimistic about the year ahead.
Read More »U.S. Housing Market Gets Hot
Technology hubs and South Eastern U.S. cities emerge as the top spots in the 10 hottest housing markets of 2018.
Read More »Study: Tax Reform Will Increase Homeownership Burden
A national study has suggested the current White House plan for tax reform will increase taxes for middle-class homeowners. Families with adjusted gross incomes between $50,000 to $200,000 could see an average annual increase of $815 on their federal income taxes. As federal tax deductions are one of the main incentives for homeownership, it is imperative for organizations in the industry to remain vigilant in working with Congress to draft tax reform that promotes owning a home.
Read More »Homes are Shrinking Again
New single family homes have been shrinking, according to the National Association of Homebuilders (NAHB). According to the NAHB data, home sizes reached a plateau in 2015 and 2016 after experiencing a steady rise post-recession, but have started to drop off since. The post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions.
Read More »Home Values Rising to Meet or Recover Previous Losses
Homes in 54 areas now meet or exceed their values in pre-crisis days. Other home values are approaching their former values.
Read More »Ten Cities Where Homes are Selling the Fastest
Some of the hottest housing markets may be slowing down, while those that have been slow to rebound are finally heating up.
Read More »Construction Spending Increases in February
Construction spending rose for the month of February, realizing a .1 percent increase after a downward revision to January’s figures. This analysis was presented by the Wells Fargo Economics Group, who found monthly non-residential construction spending rose .6 percent, while residential construction fell .7 percent month-over-month.
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