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Cost of Building Materials, Homebuilders, and the Housing Market – July 2021

The housing market has been as hot as the day is long. Are we finally beginning to see a cooldown? Although the housing market is still expected to favor sellers, we may be at a tipping point. Prices have risen so dramatically that buyers appear to be backing off, and home sales seem to have …

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Construction Loans: What to Expect

Building a new home offers many advantages over purchasing an existing home on the market. You are able to customize the home to your specific needs and preferences and avoid costly repairs of outdated features. New homes are often also more energy efficient and technologically equipped. Different from Traditional mortgages. Securing financing for a construction …

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Jump in New Home Sales Highest Since 2008

According to a press release from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new single family home sales in June grew by 3.5%* over May, and 25.4%** over June 2015. The seasonally adjusted annual rate was 592,000 in June, and 572,000 was the revised rate in May. The rate in June …

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