How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
What the NAR Commissions Settlement Means for Home Builders
The legal settlement will improve transparency during the home sales process, mitigate predatory practices, and help preserve profitability for home builders
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Mention of Eco-Friendly Home Features Is on the Rise in Sales Listings
Home listing descriptions using eco-friendly terms have been rising over the past five years in line with growing consumer interest in the environment and energy efficiency
New-Home Sales and Navigating the 3 D’s: Death, Divorce, and Downsizing
Here’s how home sales experts manage challenging lifestyle changes with and for their buyers
Even With Inflation Running Hot and Elevated Mortgage Rates, Buyer Demand Rises
Mortgage rates will likely stay high for the next few months, but that doesn't seem to be deterring homebuyers
New-Home Sales
Utah Builder Forgoes Bidding Wars, Plans to Sell at Listing Price
When Utah-based Goldcrest Homes opened its England Ridge subdivision, the builder didn’t see a need for bidding wars. Instead, it opted to try…
Market Data + Trends
Increasing Number of Buyers Desire Newly Built Homes
More homebuyers are specifically seeking new homes on their buying journey compared to 2020. A recent survey from the National Association of Home…
Economics
New-Home Sales Reach Strongest Rate Since 2006
Despite ongoing building material issues, new single-family home sales flourished in March, reaching the strongest seasonally adjusted annual rate…
New-Home Sales
New Home Starts Rebound But Shortage Is Still Huge
The largest gains in new-home construction occurred in the Midwest, where housing starts more than doubled on a monthly basis.
NAHB
Help for Getting Home Appraisals to Reflect Rising Costs
NAHB Housing Policy Briefing | NAHB offers help for builders to get appraisals to reflect building materials' rising costs; the HMI shows builder confidence took a hit from concern about soaring costs
Market Data + Trends
Buyers of All Ages Prefer New Homes
In an ideal world, 60% of homebuyers would purchase a new home, according to the National Association of Home Builders’ What Home Buyers Really…
New-Home Sales
How New-Home Salespeople Can Talk Rising Prices With Buyers
On this installment of The Weekly, K. Hovnanian VP of sales Chris Hartley shares his advice for new-home salespeople when discussing rising home…
Sales + Marketing
Challenging Times = Emerging Sales Opportunities
Disruption in real estate sales is a recipe for new collaborations between home builders and real estate agents
New-Home Sales
First-Time Buyers Account for 43% of New-Home Sales
First-time homebuyers made up 43% of new-home sales, according to the February National Association of Home Builders/Wells Fargo Housing Market…
New-Home Sales
Majority of Buyers Want and Use Digital Tools to Aid Home Search
While the majority of buyers are hesitant to purchase a home entirely online, all homebuyers want to use digital tools during their home search.…