Housing revival is real?sustained recovery depends on affordability and the economy; More mortgage misinformation; Vinyl Siding Institute releases insulated siding study
Sales of newly built, single-family homes declined 13.4 percent to a seasonally adjusted annual rate of 394,000 units in July as higher mortgage rates prompted a temporary pause in buying activity.
Among the hundreds of building products introduced by manufacturers during the past 12 months and featured on the pages of Professional Builder, the readers selected these standouts as the 101 Best New Products.
Builder confidence in the market for newly built, single-family homes rose three points to 59 on the Housing Market Index (HMI) for August. This fourth consecutive monthly gain brings the index to its highest level in nearly eight years.
Nationwide housing starts rose 5.9 percent to a seasonally adjusted annual rate of 896,000 units in July as multifamily construction rebounded from a dip in the previous month, according to figures from HUD and the U.S. Census Bureau.
The index increased 24 points to a level of 53, which is the highest second-quarter number since the inception of the index in 2008 and the seventh consecutive quarter of year-over-year improvements.
David Weekley Homes, one of the nation’s largest privately held home builders, released the winners of its "Partners of Choice" Award for 2013, which recognizes outstanding suppliers from the builder's evaluation system.
Sales of newly built, single-family homes surged 8.3 percent to a seasonally adjusted, annual rate of 497,000 units in June, their fastest pace in the last five years.
