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Business financials advice, reports, and trends for professional home builders and remodelers.

Demographics

Banks Step in to Shrink Black Homeownership Gap

More banks are rolling out initiatives in order to bolster historically low homeownership rates for minorities.

Market Data + Trends

September Ends 4-Month Spree of Increased Pending Home Sales

A drop in pending home sales for September may be a signal that rising home prices are too much for buyers.

Business Management

4 Ways to Reduce Construction Costs

2020 has been a roller-coaster ride. To combat rising construction prices, it's time for builders to look for new ways to cut expenses

Coronavirus Resources and Information

Will Expiring Eviction Moratoriums Spur a Housing Crisis?

While federal and local eviction moratoriums are protecting many from eviction, there remains a large number of renters who have been unable to pay

Economics

Mortgage Rates Hit New Bottom for 10th Time

For the 10th time this year, mortgage rates dropped to record lows. When will it stop? That’s up to the economy’s recovery, says Realtor.com.

Financials

Redfin: Home Prices See Largest Year-Over-Year Increase Ever

Home prices experienced the largest growth since September 2005 during the four-week period ending October 4.

July Home Prices Advanced by 4.8% Says Case-Shiller

Nationally, home prices advanced by 4.8% annually this past July. Just a month before in June, prices rose by 4.3%, according to CNBC.

Another Firm Invests Millions in Single-Family Rentals

Blackstone Group, an investment firm giant, plans to steer investors toward single-family rental homes.

Single-Family Home Prices Are Rising Across the U.S.

Home prices are reacting just as they should to the historically low housing inventory, interest rates, and high buyer demand.

Financing

Mortgage Rates Decline, But Credit for Builders Tightens

The second quarter brought upon tightening credit for builders and developers, NAHB reports.

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