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construction home loans: things to be aware of

Construction Loans: What to Expect

Building a new home offers many advantages over purchasing an existing home on the market. You are able to customize the home to your specific needs and preferences and avoid costly repairs of outdated features. New homes are often also more energy efficient and technologically equipped. Different from Traditional mortgages. Securing financing for a construction …

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New House

Jump in New Home Sales Highest Since 2008

According to a press release from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new single family home sales in June grew by 3.5%* over May, and 25.4%** over June 2015. The seasonally adjusted annual rate was 592,000 in June, and 572,000 was the revised rate in May. The rate in June …

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How Home Builders Are Appealing to Multiple Generations

What are home builders thinking about? Multi-generational communities designed to meet the needs of Baby Boomers, Gen X and Gen Y families all living in close proximity. MarketWatch recently showed how home builders are appealing to the various generational families in the market for a new home and how they are meeting all their different …

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New Construction Starts Highest Since October 2008

Housing starts rose to 699,000 in January 2012 which is the highest level since October 2008. Prior to the announcement, Econoday was predicting 657,000 – 675,000 housing starts for January. This is a great sign for the real estate market showing builders are regaining confidence. In fact, homebuilder confidence in the single-family homes market increased for the …

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2012 Homes Sales Looking Up

National Association of Realtors has released their latest home sales information and things are looking up. According to the “Pending Home Sales Index”, homes under contract are up 7.3%, the second straight month with an increase. This is the first time since the Homebuyer Tax Credit that the Pending Home Sales Index has gone above …

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New Home Construction on the Rise

According to the latest release from the U.S. Department of Housing and Urban Development, privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 653,000. This is 10.9 percent (±1.6%) above the revised September rate of 589,000 and is 17.7 percent (±3.4%) above the October 2010 estimate of 555,000. …

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