Industry News

New Home Sales Remain Stable in September

Tom Oslund

Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 701,000 units in September off a downwardly revised reading in August, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 7.2% higher than the same period in 2018.

“New home...

6 Traits Customers Look for in a Home Builder

6 Traits Customers Look for in a Home Builder

Tom Oslund

When it comes to hiring a building contractor, customers want to feel confident they have picked the right one … after all, they are about to entrust the builder with their home. They want to choose someone who is dependable, affordable and effective at making their dream home renovation or build out a reality. So, what traits are customers looking for? Here are six that customers look for...

Builder Confidence Hits Yearly High in September

Tom Oslund

Builder confidence in the market for newly-built single-family homes rose one point to 68 in September from an upwardly revised August reading of 67, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in the mid- to upper 60s since May and September’s reading matches the highest level since last October.

“Low interest rates and...

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