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  1. Reasons Why Home Buyers Move

    Data from the 2017 American Housing Survey (AHS) show that over half of recent home buyers – 55 percent – move ‘for a better home’ (Graph 1). Home buyers also move for ‘a better neighborhood’ (46 percent) and ‘to form a household’ (39 percent). In cont…

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  2. Existing Home Sales Dropped for the Third Straight Month in January

    Existing home sales dropped for the third straight month in January, according to the latest report from the National Association of Realtors. This is the lowest level in recent three years. Total Existing home sales, including single-family homes, tow…

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  3. Multifamily Builder and Developer Confidence Weakens Slightly in Fourth Quarter

    Builder and developer confidence in the multifamily market weakened slightly in the fourth quarter, according to the National Association of Home Builders’ Multifamily Market Survey. The Multifamily Production Index (MPI) fell one point from the previo…

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  4. Lower Interest Rates, Rising Consumer Confidence Boost Builder Sentiment

    Builder confidence in the market for newly-built single-family homes rose four points to 62 in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Ongoing reduction in mortgage rates in recent…

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  5. Interest Rates on Construction Loans Showed Rising Trend in 2018

    Interest rates on loans for residential acquisition, development, and construction (AD&C) generally increased throughout 2018, according to results from NAHB’s fourth quarter AD&C survey.  For the fourth quarter, builders and developers respond…

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  6. Serious Delinquency Rate Continues its Decline

    The most recent results of the National Delinquency Survey produced by the Mortgage Bankers Association (MBA) show that, as of the 4th quarter of 2018, mortgage servicers serviced 29.9 million non-government-insured mortgages, also known as conventiona…

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  7. What Do Vacancy Rates Tell Us about the Shortage of Housing?

    Vacancy rates are one of the key statistics NAHB Economics tracks to judge the health and direction of the housing market. The currently low homeowner and rental vacancy rates are typically interpreted as a sign of tight housing markets, with lower vac…

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  8. Gypsum, OSB, and Softwood Lumber Prices Decline in January

    Overall, the price of goods used in residential construction declined 0.5% in January (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. In contrast to December–when prices pai…

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  9. Housing Affordability Holds Steady at a 10-Year Low in the Fourth Quarter

    A modest increase in interest rates offset a slight decline in home prices to keep housing affordability essentially level in the fourth quarter of 2018 and still hovering at a 10-year low, according to the National Association of Home Builders (NAHB)/…

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  10. Home Prices Are the Principal Barrier to Homeownership

    As revealed in a previous post, 58% of buyers actively searching for a home to buy in the fourth quarter of 2018 have been looking – unsuccessfully – for three months or longer. Why is it taking these buyers that long to pull the trigger?  The most imp…

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