Industry News

Builder Confidence Remains Firm in August

Tom Oslund

Builder confidence in the market for newly built single-family homes edged down one point to a solid 67 reading in August on the NAHB/Wells Fargo Housing Market Index.

“The good news is that builders continue to report strong demand for new housing, fueled by steady job and income growth along with rising household formations,” said NAHB chairman Randy Noel. “However, they are...

Helpful hints for first-time home buyers

Tom Oslund

There’s good news for Americans who think they can’t afford to buy a house: There’s a slew of government programs aimed at helping first-time homebuyers get a mortgage, often with very favorable terms.

For instance, there are conventional mortgages backed by Fannie Mae and Freddie Mac that require a down payment of just 3 percent for qualified buyers. Mortgages insured by the Federal...

Builder Confidence Stays at Healthy Level in July

Tom Oslund

Builder confidence in the market for newly built single-family homes remained unchanged at a solid 68 reading in July on the NAHB/Wells Fargo Housing Market Index (HMI).

“Consumer demand for single-family homes is holding strong this summer, buoyed by steady job growth, income gains and low unemployment in many parts of the country,” said NAHB Chairman Randy Noel.

“Builders are...

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