Blog posts tagged in home market
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via Michael Kranz of MLive
GRAND HAVEN TWP., MI -- Although a new housing development in the 14800 block of Lincoln Street won't have any completed homes by year's end, a handful have already sold.
Bob Sorensen, vice president of sales and marketing for Eastbrook Homes, said a couple buyers have purchased houses to be constructed in the 99-lot, single-family home subdivision called "Lincoln Pines."
The cost of homes in Lincoln Pines, Sorensen said, range from the upper-$200,000's to a little more than $400,000, depending on the model and the plot.
The suburb consists, so far, of one main road culminating...
January 15, 2015 - The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a record-high result of 60 in the final quarter of 2014. A reading of 60 indicates remodelers’ confidence in the quarter-over-quarter improvement in the remodeling market.
An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity.
“The recent pace and volume of business has been a boon to our remodeler members’ confidence in the recovery of...
Homeownership: Opportunity is Knocking!
Homeownership is an important part of the American way of life, and there may never be a better time to buy than today.
With the country still emerging from the recent recession, many people wonder if this is a good time to buy a home.
The answer is easy: Yes. It’s a very good time to purchase a home.
There are many opportunities in today’s market including low mortgage rates and new homes that are built to fit your lifestyle. But market conditions can change, and these opportunities may...
Construction Job Openings Rise in October
By the NAHB
By Robert Dietz on December 9, 2014 • (0)
The number of open, unfilled construction sector positions increased in October. The number of construction sector job openings was also revised higher for September.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for October (on a seasonally adjusted basis) rose to 136,000, after the September count was revised higher to 112,000. The October level marks the 4th highest total of unfilled jobs in construction during the post-recession period.
On a three-month moving average...
Eye on the Economy: Labor Market Gains are a Positive Sign for Housing
By the NAHB
By David Crowe on December 10, 2014 • (0)
An improving labor market will help support growth in home building in 2015. And the November report offered the most positive jobs data in some time. According to the Bureau of Labor Statistics, 321,000 jobs (seasonally adjusted) were added to the economy in November, and the numbers for September and October were revised up by a combined 44,000. Prior to November, the average monthly gain in jobs for 2014 had been 233,000. The BLS data also...
Questions to Ask Your Home Builder
Posted by the NAHB
When you're thinking about buying a new home, selecting the right home builder is a key step in creating the home of your dreams. You should feel comfortable asking a potential home builder every question that you think is important. And, a professional builder or sales representative will want to make you a happy and satisfied home owner.
Besides the questions of "How much does it cost?," and "When can we move in?," here are some other questions you should ask:
Will the builder give you references of recent buyers/occupants?
Posted by: NAHB
November 6, 2014 - Builder confidence in the single-family 55+ housing market for the third quarter is up year over year, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today. Compared to the third quarter of 2013, the single-family index jumped nine points to a level of 59, which is the highest third-quarter reading since the inception of the index in 2008 and the 12th consecutive quarter of year over year improvements.
“Demand for 55+ housing has never been higher, and this quarter’s index clearly demonstrates that,” said Steve Bomberger, chairman...
Job Openings Decline with a Rise in Hiring
By Robert Dietz on November 13, 2014 • Posted by the NAHB
The number of open, unfilled construction sector positions declined in September, after increases in hiring during the end of the summer. Nonetheless, the current open job rate exceeds the average for 2011, 2012, and 2013.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS), the number of open construction sector jobs for September (on a seasonally adjusted basis) stood at 98,000, down from 121,000 in August. This decline was preceded in July and August by a notable increase in construction hiring, totaling 701,000...
The world is ever changing, and people are ever changing. What people looked for in a home 10 years ago, aren't necessarily the same things people today look for in a home! Here is a great article that sums up 10 things people look for in a home today!If you are currently looking to build or buy, maybe you can relate to these too!...
BYRON CENTER, MI – Housing starts in West Michigan’s Lakeshore region stalled during the third quarter of the year, according to the latest issue of Builder Track Quarterlies.
Homebuilders started 287 single family homes compared to 313 starts in the third quarter of 2013, according to Builder Track, which monitors building starts in Ottawa and Muskegon counties and the Lakeshore townships in Allegan and Berrien and VanBuren counties.
Through the first nine months of the year, area builders started 773 homes, down slightly from 2013’s nine-month tally of 778 starts. In Ottawa County, third quarter housing starts fell nearly 10 percent,...
We’ve already discussed the top 4 reasons to buy new, in this article we’ll talk about the top reason why you should consider buying now. Building a new home is a significant decision, and as a result most homeowners approach the idea carefully. While it is very important to take whatever time you need to become comfortable with the process, it is also essential to keep in mind what you could be sacrificing if you wait to build.Your move-in date can get pushed back.The construction process takes time, and the later in the year you start, the later in the year...