It’s an age-old tale: A new customer comes into your store and you find out he’s renting an apartment nearby. A couple of years later, he’s in the store buying paint and fixtures for his starter home. Down the road, …
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Design & Construction Week: The State of the Housing Market
Experts from the National Home Builders Association (NAHB), Freddie Mac and Nationwide Insurance were on hand at Design & Construction Week, held Feb. 4-6 at the Las Vegas Convention Center, to discuss the housing market. They were hopeful about a …
Read More »U.S. Existing Home Sales Rise Modestly in December
U.S. home re-sales rose slightly in December after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market. The National Association of Realtors (NAR) said on Thursday …
Read More »Builder Confidence Down Slightly in January
Builder confidence in the market for newly built, single-family homes fell one point to 56 in January from a revised December reading of 57 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Rising home prices, historically …
Read More »Hot Commodities: Five Ways to Cope with Fluctuating Raw Material Costs
Most retailers know there are just some things beyond their control. For those heavily selling building materials and lumber, constant changes in commodities pricing are almost always at the top of that list of variables. Between slowed domestic new-home construction …
Read More »Mortgage Rates Won’t Derail 2014 Housing Market
Home prices are rising, and so are mortgage rates, making it tough for would-be buyers, particularly first-time purchasers, to close a deal on a new place. Meanwhile, the looming threats of new mortgage rules and pending housing-finance reform are adding …
Read More »New-Home Sales Finishing 2013 on a High Note
Sales of newly built, single-family homes declined 2.1 percent to a seasonally adjusted annual rate of 464,000 units in November from an upwardly revised strong pace of 474,000 units in the previous month, according to data released today by the …
Read More »Existing-Home Sales Decline in November, but Strong Price Gains Continue
Existing-home sales fell in November, although median prices continue to show strong year-over-year growth, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 4.3 percent to …
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