Last week's economic reports included readings on NAHB homebuilder confidence, housing starts, building permits issued and sales of previously-owned homes. Weekly releases on mortgage rates and new jobless claims were also released. Builder Confidence Rises, Housing Starts Increase According to the National Association of Home Builders Housing Market Index for December, builder confidence in housing market conditions rose by four points to 74. This reading was the highest since 1999. Builder … [Read more...]
3 Ways That Buying a New Construction Home Beats Buying an Existing One, Every Time
Are you in the market for a new house? Whether you are a first-time home buyer or are upgrading to get more space, you will need to choose between buying an existing home or building a brand new one. As you might imagine, there are pros and cons to each kind of home. But if it is in your budget, you may want to lean towards a newer home over an older one. Let's explore three reasons why new construction homes are better than existing homes. Customize Every Aspect To Your Tastes Ask anyone living … [Read more...]
Landlord Squeezing You for yet Another Rent Increase? It’s Time to Buy a Starter Home
Did you recently receive your annual notice that the rent is going up? If so, you're not alone. Millions of renters are seeing more and more of their income drained away due to higher rents. To make matters worse, every dollar in rent is one that you are not saving, investing or using to build your net worth. If you're feeling the pinch of higher rents, it might be time to buy your first starter home. Comparing Rent With A Mortgage Have you ever done the math to understand how close your monthly … [Read more...]
NAHB: Builder Confidence Outstrips Pre-Bubble Highs
Home builders surveyed by the National Association of Home Builders expressed their highest level of confidence in housing markets since 1999. The index reading for housing market conditions in December hit 74, which exceeded November's reading of 70. Analysts expected a flat reading of 70 for December. Readings over 50 indicate improvement in housing market conditions. The three component readings used to comprise the Housing Market Index also rose in December. Builder confidence in current … [Read more...]
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