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Tag Archives: New Homes

As Home Prices Rise, so Do Rents

With home prices rising, first-time buyers are looking towards renting as a more affordable option. As the demand for rentals rises, a report found that rents in some cities rose faster than the others. Which were these metros and what other factors impacted rents?

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Is a Strong Economy Translating Into More New Homes?

The national economy took an upturn in February, according to the Chicago Fed's latest National Activity Index. Released Monday, the CFNAI—which measures 85 economic markers—for February landed at 0.88. That's 0.02 above January numbers. The news, however, wasn't as good ...

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New Bill Amends Stress Test Rule of Nonbanks

The Alleviating Stress Test Burdens to Help Investors Act was passed by the House with a 395-19 majority. The passing of this bill by the house is expected to pave the way for exempting nonbank financial institutions that are regulated ...

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Investors Filling Low Distressed Inventory Gap with New Homes

With inventory dropping, including the distressed sale inventory, investors are moving to built-for-rent sales. A recent report noted that more and more investors are building rental homes themselves to make up for the gaps. Putting the blame on tight mortgage standards and rising prices, many younger buyers are holding off on buying a home, and investors are cashing in on the desire for detached-homes without the down payment.

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Report Shows Confidence Among Home Builders

The National Association of Home Builders (NAHB) and Wells Fargo reported a solid market for new single-family homes in the April NAHB/Wells Fargo Housing Market Index (HMI). NAHB reports that there is a continuing demand for home construction, although builders have faced several challenges such as high regulatory costs and increasing material prices.

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New Home Purchases Drop in June

Applications for new home purchases slipped again in June, though the annualized rate of new home sales is forecast to have increased. The Mortgage Bankers Association's (MBA) Builder Applications Survey (BAS), a gauge of application volume from mortgage subsidiaries of homebuilders, suggests new home purchase applications slipped 5 percent from May to June, the group reported Thursday. The change does not include any adjustments for typical seasonal movements.

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New Homes Beat Existing Homes; Price a Major Factor

In a survey of more than 2,000 adults, Trulia found an estimated 41 percent “would strongly or somewhat prefer” to buy a new single-family home over an existing one, assuming the prices were equal. Just more than one in five respondents—21 percent—said they would prefer an existing home, while 38 percent expressed no preference.

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