Industry News

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...

Home Styles & Trends for Millennials

Tom Oslund

By next year, 45% of homeowners will be Millennials. With that in mind, we’ve started to see a pattern of the style and trends in the homes that Millennials are purchasing. These reoccurring patterns are helpful for those considering selling their homes as well as new homebuyers to understand the direction of design for the future housing market.  That being said, if you are considering...

millenials, home buying

Millennials Show a Growing Preference for New Homes

Tom Oslund

Among general housing preferences, there is a noticeable upward trend in the percentage of millennials who desire a new home built for sale offered by a builder, according to a recent study by the NAHB Economics team.

Between 2007 and 2018, the percentage of millennial home buyers who prefer a new home increased from 28% to 41%. This increase seems to be at the cost of the desire for a...

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