Economics When Will the Housing Boom End? The housing boom will end in 2022, at least that’s what economist Bill Conerly says. What will put an end to the frenzy will be an increase...
Construction Home Builder Profitability Reached Highest Level on Record Last year’s net profit average for builders reached the highest level since management consulting firm The Shinn Group began tracking net...
Economics How the Stock Market Could Impact Buyers Anxieties over the rising COVID-19 delta variant caused the stock market to go red yesterday, and it could begin to affect homebuyers....
Building Materials Other Building Materials Keep Costs Up as Lumber Prices Fall The National Association of Home Builders estimated the cost of lumber added $35,872 to the cost of a new single-family home back in April....
Economics How Does Inflation Affect the Housing Market? The Bureau of Labor Statistics' monthly consumer price index found the cost of shelter increased 0.5% from May to June and up 2.6% compared...
Affordability Home Prices Outpace Income, Dropping Housing Affordability Rates Monthly mortgage payments increased by 20% in May as family incomes increased by a comparatively meager 1.2%, according to the National...
Financials More Than Half of Buyers Now Put Down 20% or More Buyers hoping to distinguish themselves amongst a pool of bidders are increasingly putting down more cash and waiving inspection and...
Economics The Federal Reserve Anticipates Rising Interest Rates in 2023 In Federal Open Market Committee meetings this week, Federal Reserve members said interest rates will likely rise twice in 2023. Interest...
Financials Managing Rising Construction Costs: Insurance Builders and remodelers may be subjected to coinsurance penalties as a result of rising building material prices if they do not make changes...
Build to Rent Single-Family Rents Experience Highest Increases in 15 Years With home prices reaching new heights, demand for single-family rentals is booming, pushing rental prices up with it. Rent for single-family...
